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What is the difference between assurance and insurance?

What is the difference between insurance and assurance?

  • Answer:

    hello!!! insurance is full filling financial loss. suppose anyone died no one can full fill that place, no one can full fill that sentimental and emotional loss. but the financial loss by death of that person can be full filled. that full filling is called insurance. Assurance; is like giving word as--- u take some money of mr xyz and u give him word that u will return his money at time. here ur word ---that u will return his money is called"assurance"

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Nothing. Assurance is more of a British usage.

Marques de Valdegamas

Insurance is what is purchased to protect you in case of an adverse event. For example, you buy car insurance to protect you if you are in a car accident. Assurance is something that is provided by one party to another certifying the correctness of a statemenet. For example, I can assure you that the sky is blue

dave s

Let's not forget ensure. Which is to guarantee.

sigmagammarho

Insurance is any means of guaranteeing against loss or harm of life,goods,etc. arising in specified contingencies as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. On the other hand,Assurance is a freedom from doubt,ie,freedom from uncertainity

saibs

insurance is like life insurance, assurance means when you take loans like property loan, car loan, personal loan etc against which banks will make a insurance on you for such amount that is known as assurance.

Mr. Cool !!!

The insured is commonly called the assured. Insurance is a contract with an insurance company to cover your attorney's fees and a judgment rendered against you for negligence. Insurance is also a contract with an insurance company to cover your property damaged by certain perils as defined in the insurance contract. To be assured means that someone makes a promise to you regarding a decision or particular risk.

Frank

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