Insurance is a vital part of our lives, as unforeseen circumstances every time, making the insurance industry multiply over the past few years, with many new players entering the market. This growth links to people becoming more aware of their consumer rights; they want to protect themselves from financial loss. Also, this might not have been possible without the insurance companies in Nigeria . So, in this blog post, we'll discuss some of these companies. However, let us delve into insurance and its types. What is Insurance? Insurance is an agreement between two parties: the Insured (the person who buys the policy) and the insurer (the company which sells the policy). It is a contract where one party agrees to pay money or provide goods or services if something terrible happens to the other party. In return, the insured party gets protection against losses from the insurance industry. These events include death, disability, damage to property, etc. Types Of Insurance There are
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