Insurance Is A Business

if a jumbo jat with more than 350 passengers crashes,the loss would run

into several crores of rupees. no airline would be able to bear such a loss.

it is unlikel thar many jumbo jats in will crash at the same time. if 100

airline companies flying jumbo jest, come together into an insurance

pool, ehenever one of the jumbo jest in in the pool crashes, the loss to loss to be

borne by each airline would come down to a few lakhs of brupees thus,

insurance is a business of sharing. it makes an unbearable loss, bearable.