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all other causes being considered as “remote”. If
the proximate cause of loss is covered under the
policy, the claim becomes payable.
Why should one buy Insurance?
Insurance becomes very useful in today’s life. It plays
significant role in this competitive era.
a) To provide protection
The most important function of insurance is to
provide protection against risk of loss. It is one
check the reality of the misfortune happening,
and pay the cost of damages of losses.
b) To provide certanity
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