• Blog
  • Login
  • Call Back

  • Chat

  • Follow Us

  • Download Ouick Claim Settlement APP

  • Buy/Renew Online

  • Contact us

    • Reach us on our 24 X 7 toll free:

      1-800-103-5499

    • Email us at:

      websupport@iffcotokio.co.in



Insurance

An economic device whereby the individual substitutes a small certain cost (the premium) for a large uncertain financial loss (the contingency insured against) which would exist if it were not for the insurance contract: an economic device for reducing and eliminating risk through the process of combining a sufficient number of homogeneous exposures into a group in order to make the losses predictable for the group as a whole.

There is currently no content classified with this term.


Download Motor Policy

Feedback