Terminologies of Insurance: There are many terminologies and jargons normally used by the agents, brokers and bankers which are very helpful to understand the insurance policies and the operations related to them. These terminologies helps us to understand the whole processes. Insurance : That protect us from the uncertainties of life events. It protect us and our families form the harms of these events which badly damage our life through uncertain events. Insurer : Insurer are the companies which offer their insurance policies and people purchase their policies. Insured : Insured is the policy holder in who’s name the policy is purchased is called the ...