Life is uncertain. Insurance is for protection against uncertainty. So when we buy insurance, our objective is protection. In this blog, we cover everything you should know about insurance. How insurance works Let us begin with a simple story. There was a village beside a river. The river used to flood every year and four houses on average used to get destroyed due to the natural calamity. The village was such that all the houses were located within proximity to the river and they were all at an equal risk of damage. So all the villagers knew that four houses would break, …