Why is insurance necessary rather than …

CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Rohan Sharma 5 years, 10 months ago
- 2 answers
Yogita Ingle 5 years, 10 months ago
Insurance is necessity rather than a choice for a business because life is full of uncertainties. Both life and property are exposed to risk or accidents. Death or serious injury causes by train or air accident or shipwreck, loss of goods and property in transit are common uncertainties. Everyone is exposed to one type of risk or the other. But is it impossible to say in advance as to one whose shoulder the heavy burden of such a loss is going to fall. It means that no one can be certain of smooth sailing in private life or business. Insurance does not end all these uncertainties but it minimizes the impact of such uncertainties so that there is a need of insurance.
Related Questions
Posted by Suhan Chamadiya 1 year, 5 months ago
- 0 answers
Posted by Ranjit Verma 1 year, 5 months ago
- 0 answers
Posted by Krisha Bhuva 1 year, 5 months ago
- 0 answers
Posted by Amandeep Kaur 1 year, 5 months ago
- 0 answers
Posted by Anishka Bephlawat 2 months, 1 week ago
- 0 answers
Posted by Pranav Damariya 1 year, 5 months ago
- 0 answers

myCBSEguide
Trusted by 1 Crore+ Students

Test Generator
Create papers online. It's FREE.

CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
myCBSEguide
Yash Chauhan 5 years, 10 months ago
0Thank You