What is insurance and its benefits in personal and social life

What is insurance and its benefits in personal and social life

What is insurance and its benefits in personal and social life  Insurance is one of the most popular topics in today's society, which we all know. Everyone wants to know something about this insurance. Therefore, knowing the details about insurance and knowing whether there are any restrictions or rules in Islam is the demand of the time. So today Solution Media will discuss about insurance in front of you, inshallah. What is insurance?  Insurance in English is called insurance, in Arabic it is called insurance,  The literal meaning of Bima is to provide guarantee or assurance.  Insurance in terminology is an indemnity contract. which is entered into between the insured and the insurer in return for a fixed premium to the effect that the insurer undertakes to cover any loss to the insured property. However, if there is no damage to the insured property within a certain period in the future, the insurer has no liability.  Broadly speaking, insurance is a type of financial transaction …