C. Miya
Insurance is a tool by which fatalities of a small number are compensated out of fundscollected from plenteous. It provides financial recompense for losses suffered due tounanticipated events, and through Acts of Parliament, specific types of insurances arelegally public liability insurance for hazardous substances. It is an arrangement wherethe losses experienced by a few are extended over several who are exposed to similarrisks. Insurance companies collect premium to provide security for the purpose, and theinsurance companies act as trustees to the amount so collected. YogakshemaVahamyahan, the catch phrase, is the catch phrase.