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The purpose of protection and indemnity (p&i) insurance is to shield the assured from the risk of his liability to others arising from his maritime activities.
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Download Basic Insurance Terminology Pics. This list is in no way comprehensive, but serves as an informational tool for our members. The periodic payment paid to the insurance company for the benefits provided under the policy.
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Updated on october 23, 2020 , 1875 views.
This list is in no way comprehensive, but serves as an informational tool for our members. I hope this simple basic life insurance terminology guide will help you to simplify your understanding of insurance. Be prepared carry your insurance id card with you. Ask us in the comments section.
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