Insurance may be defined as the transfer of risk of loss in exchange of a payment. This is a sort of a contract in which the person receives a financial protection against the risk of losses from the insurance company. The risks may be Financial (risk must have financial measurement), Pure (should be real) and last Particular (means something like earthquake risk or risk due to any other natural disaster etc). The amount of money which policy holder has to pay to the company that is actually the insurance coverage is called as premium. The insured pay small amount of money to the insurer in exchange of the insurer’s promise to compensate in any of the insured’s big financial loss. Insurance policy is a contract that insured receives. It has complete description about the terms and conditions in which insured will be indemnified.
In 2013 the company moved to its international headquarters in Georgia. Based on consumers complaints data, company support services based on unbiased rating, company specific premium data and overall financial strength of the company Primerica is the best rated company of this year.
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