ICE RAJKOT WEEKLY CURRENT AFAIRS USEFUL FOR COMPETITIVE EXAM (03-06-18 TO 09-06-18)
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Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.
Loans such as credit cards and signature loans are unsecured or not backed by collateral. Unsecuredloans typically have higher interest rates than secured loans, as they are riskier for the lender. With a secured loan, the lender can repossess the collateral in the case of default.
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