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Hello friends, do you know that How do Insurance Companies Make Money? this thing is very interesting, you should know it at all.
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Friends, if we tell straight answer to this, then the insurance company invests our money and earns profit on it, such as in the stock market or in the form of a loan.
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But now a question will come in your mind that how do insurance companies remain profitable despite paying a large number of claims,
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While the insurance premium charged in that proportion is very less. Now guess how many vehicles are accident victims every day?
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Of course, the number of claim vehicles is very less as compared to the number of insured vehicles. This happens in almost all areas of insurance,
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The premiums that the insurance company decides are determined after a thorough study of the risk and the estimates of the experts.
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But it is also true that it is not that easy, as much as there is benefit in it, sometimes there is loss as well.
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And it is often seen that the insurance company hesitates to give insurance claims, which affects their business badly.
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So hope friends, you would have liked the information about the insurance company given by us.