Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
An entity which provides insurance is known as an insurer, an insurance company, an insurance carrier or an underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. Policyholder and insured are often used as but are not necessarily synonyms, as coverage can sometimes extend to additional insureds who did not buy the insurance. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a ρrémíùm) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship.
The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured, or their designated beneficiary or assignee. The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the ρrémíùm. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. A mandatory out-of-pocket expense required by an insurance policy before an insurer will pay a claim is called a deductible (or if required by a health insurance policy, a copayment). The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risks, especially if the primary insurer deems the risk too large for it to carry.
Hi PHC, tanong ko lang ano yung best insurance investment na pwede sa fresh grad. hindi pa ganun kalaki yung sahod ko pero gusto ko maging insured incase na may mangyari?
Any suggestions? Labas mga Financial advisors dyan 😁
Hello mga kaPH my available po
akong BRONZE at Platinum INSURANCE for only PHp 3,000 pesos and PHp 4,500 pesos , insured kana minor and major accident cover.
and if want mo kumita nmn using this platform you can PM me for the details.
Comment down below
Or message me directly for more details...
Good Aftie mga la PHC may ask ako about insurance may motor kasing hulugan ung deceased kona father mga 19 months na nya nabayadan out of 36 months. ano kaya mangyari sa motor at may makukuha kaya kami sa insurance galing motortrade ung motor at insurance company ay Pioneer salamat sana may...
Baka Meron interested mag part time o full time dito, pm nyo lang ako,
A growth strategy involves more than simply envisioning long-term success. — it usually starts by identifying and having access to opportunities.
📣 Join us this coming August 02, 2023 at 7:00 PM where we'll feature some...
Para po sa mga Globe at Verified Gcash Users.
Meron po silang ibinibigay na Free Three (3) months na Dengue at Covid 19 Insurance.
Nagregister lang ako sa GO90 kahapon tapos nakareceive ako.ng text na may kasamang code at link ng insurance.
Diko lang sure if gagana sya sa lahat pero naclaim...
Hi. Fresh grad po ako nais ko lang malaman kung anong klase ng membership ang dapat ko kunin SSS, Philhealth at PAGIBIG. as of now po kasi nag aapply pa lang ako ng trabaho at kasama sa requirement ang tatlong yan. nababasa ko kasi na ibat iba ang klase ng membership sa mga ito at hindi ko alam...
There’s now a (very small) silver lining to getting laid off from your job.
President Rodrigo Duterte has signed into law Republic Act 11199 or the Social Security Act of 2018. It details many additions and revisions to the Social Security System (SSS), or the country’s pension fund for...
Hi guys, meron po bang familiar sa inyo sa WFMA? yung hipag kasi ni gf inaalok ako kumuha ng insurance dun tapos may investment din sila sa pag kakaintindi ko, buong pamilya ni gf kumuha din. Ang gusto ko malaman wala bang bad feedback sila o mairerecommend nyo ba ito kesa sa ibang nag aalok ng...