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7 Principles of Insurance : Explanation with Examples

7 Principles of Insurance : Explanation with Examples

What are the basic principles of Insurance?. The main objective of every insurance contract is to give financial security and protection to the insured from any future uncertainties. Insured must never ever try to misuse this safe financial cover. Seeking profit opportunities by reporting false occurrences violates the terms and conditions of an insurance contract. This breaks trust results in …

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