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Apr 14
Insurance is a contract between an individual or entity and an insurance company in which the individual or entity pays a premium in exchange for financial protection or reimbursement against losses or damages. The insurance company agrees to provide this financial protection based on the terms and conditions outlined in the insurance policy.
Assurance, on the other hand, is a type of insurance that provides coverage for events that are certain to happen, such as death or retirement. It is a form of financial protection that guarantees a specific outcome, rather than providing coverage for potential losses or damages. Assurance policies are typically used for long-term financial planning and security.
Assurance, on the other hand, is a type of insurance that provides coverage for events that are certain to happen, such as death or retirement. It is a form of financial protection that guarantees a specific outcome, rather than providing coverage for potential losses or damages. Assurance policies are typically used for long-term financial planning and security.
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