Insurance Policy Meaning And Types. In insurance, the insurance policy is a contract between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. What are the different types of insurance?
You may find a variety of health insurance plans available. Figuring out which level of cover suits you can be a headache. Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific contingencies or perils.
A good life insurance policy with a long term will cover your mortgage in the event of your death.
Insurance is a contract between the insurance company (insurer) and you (policyholder).it is a contract with full of jargon. Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific contingencies or perils. Insurance refers to a contractual arrangement in which one party, i.e. Failing to do so could land you with a fine of up to £5,000 and possible disqualification.