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Ce.mw; www.primeinsurance.mw PROPOSAL FOR INSURANCE AGAINST FIRE AND LIGHTNING (Business Premises) (Excluding Private Dwellings, Residential Flats and Boarding Houses) NAME OF PROPOSER(S)(in full) (if a partnership, give names of all partners) NAME OF MORTG.
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Primeprimeinsurance FAQ
Prime Insurance Ltd and Prime Life Insurance Ltd are insurance companies accredited by the National Bank of Rwanda to provide short-term and life insurance.
Functions of Insurance They provide certainty to the insured. They ensure the protection of the family. They are risk-sharing policies. They prevent the damages that can come from loss.
Purpose of insurance Its aim is to reduce financial uncertainty and make accidental loss manageable. It does this substituting payment of a small, known fee—an insurance premium—to a professional insurer in exchange for the assumption of the risk a large loss, and a promise to pay in the event of such a loss.
The main function of insurance is that eliminates the uncertainty of an unexpected and sudden financial loss. This is one of the biggest worries of a business. Instead of this uncertainty, it provides the certainty of regular payment i.e. the premium to be paid.
Insurance corporations are financial intermediaries which offer direct insurance or reinsurance services, providing financial protection from possible hazards in the future.
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