What is Insurance? Best Answer For Banking Aspirants | Mr. Jasbir Singh | IPB India

What is Insurance? Best Answer For Banking Aspirants | Mr. Jasbir Singh | IPB India

Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. When you purchase insurance, you’ll receive an insurance policy, which is a legal contract between you and your insurance provider. And when you suffer a loss that’s covered by your policy and file a claim, insurance pays you or a designated recipient, called a beneficiary, based on the terms of your policy.

Mr. Jasbir Singh, Retd. General Manager of Oriental Bank of Commerce and Mentor in Dean Academics at Institute of Professional Banking, has put up a list of 100 questions to help you conquer your banking interviews.

To become a professional banker, watch and follow these Tips and Tricks. Best wishes!
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