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Afzal Biya Bani Shaik Gulam's image
Question added by Afzal Biya Bani Shaik Gulam Group Insurance Coordinator Al-Muhaidib Group of Companies
7 years ago
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Subhranshu Ganguly's image
Question added by Subhranshu Ganguly Quality Analyst. WIPRO
10 years ago

Insurance means spreading of loss or sharing of risk .do you agree?‎

Risk is certain under life insurance. Is risk of death is certain sooner or later? Origin of Life insurance was in England -1583 AD. It was for12 months provided by Ami‎ ... See More

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Hasnain Anwar's image
Question added by Hasnain Anwar Assistant Manager - Reinsurance & Retrocession Underwriting & Claims General Insurance Corporation of India (GIC Re)
8 years ago
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Mohamed Helal's image
Question added by Mohamed Helal Project Manager GROUP CONSULT INTERNATIONAL
8 years ago
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ايمن محمد عاطف محمد's image
Question added by ايمن محمد عاطف محمد Director of the control and regulation unit ACOLID
9 years ago
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Divyesh Patel's image  
Answer added by  Divyesh Patel, Assistant Professional Officer- Treasury, City Of Cape Town
10 years ago

Yes I agree.   Insurance is that a group of people exposed to similar risk come together and make contributions towards formation of a pool of funds. In case a person act ... See More

Mamoun elbaghir abdalla mhamad Eltayeb's image  
Answer added by  Mamoun elbaghir abdalla mhamad Eltayeb, Insurance agent / Producer, Albaraka Insurance Company
10 years ago

I Agree. Because insurance is a risk transfer process starting with the original insured who by obtaining the insurance policy transfer his own risk to the insurance comp ... See More

Mohamad Faizal Abdul Sani's image  
Answer added by  Mohamad Faizal Abdul Sani, Senior Manager, Compliance Governance, RHB Banking Group
10 years ago

I agree, buy purchasing an insurance policy, you have practically transfered certain risk such as death, critical illness, disability and etc. to the life insurer. Also i ... See More

Moses Ajayi Murorun's image  
Answer added by  Moses Ajayi Murorun, Production Executives, Various Organizations
10 years ago

Yes i agree because insurance is a pooling of risk 

Subhranshu Ganguly's image  
Answer added by  Subhranshu Ganguly, Quality Analyst., WIPRO
10 years ago

Gentlemen. I do agree with you. But apart from that there is also sharing of profit especially in life insurance. In the begining of the2000 century LIFE INSURANCE CORPOR ... See More