WHAT IS A P2P INSURANCE IN INDIA ?
In India, a P2P (Peer-to-Peer) insurance is by definition a platform where a number of Indian individuals collect their premiums to cover the risks they are facing by sharing them collectively in case a member of the this P2P risk sharing scheme is subject to damages.
In India, a peer-to-peer insurance is dedicated to present an alternative option to the Indian traditional insurers who are often reluctant to pay out in claims of Indian insured individuals which ends in legal conflicts.
In India, a P2P insurance presents a series of benefits particularly regarding the premium paid in the insurance scheme which are lower than the one required by Indian conventional insurances, this is mainly due the fact that peer-to-peer insurance don’t need fixed costs such administration and do not have a huge staff.
In India, a P2P insurance has also the advantage that insured people contribute to the management of this insurance and receive the excess of premium which hasn’t been spent to cover damages such as accidents.
PERSONAL LOAN DEBT CONSOLIDATION BUSINESS LOAN MORTGAGE LOAN STUDENT LOAN CAR LOAN MEDICAL LOAN BAD DEBT LOAN LIST P2P SITES FOR START-UP LOAN FOR WEDDING FOR FARMER FOR HOUSEWIFE FOR UNEMPLOYED FOR DISABLED FOR POOR PEOPLE FOR ELDERLY P2P CAR SHARING P2P INSURANCE ISLAMIC P2P P2P BITCOIN POWER TRADING P2P HOME SHARING P2P PAYMENT LOAN WITH BAD CIBIL SCORE P2P CLOTHING RENTAL P2P OFFICE RENTAL LIST OF P2P LENDERS LIST OF DIGITAL LENDERS LIST BANNED LOAN APPS P2P NAPPING P2P DONATION P2P CRYPTO LENDING