Insurance
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Gas
Gas is one of the four fundamental states of matter (the others being solid, liquid, and plasma). A pure gas may be made up of individual atoms (e.g. a noble gas like neon), elemental molecules made from one type of atom (e.g. oxygen), or compound molecules made from a variety of atoms (e.g. carbon dioxide). A gas mixture would contain a variety of pure gases much like the air. What distinguishes a gas from liquids and solids is the vast separation of the individual gas particles. This separation usually makes a colorless gas invisible to the human observer. The interaction of gas particles in the presence of electric and gravitational fields are considered negligible as indicated by the constant velocity vectors in the image.




Electricity
Electricity is the set of physical phenomena associated with the presence and motion of electric charge. Although initially considered a phenomenon separate from magnetism, since the development of Maxwell's equations, both are recognized as part of a single phenomenon: electromagnetism. Various common phenomena are related to electricity, including lightning, static electricity, electric heating, electric discharges and many others.
Loan
In finance, a loan is the lending of money by one or more individuals, organizations, and/or other entities to other individuals, organizations etc. The recipient (i.e. the borrower) incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.





From Our Blog: 4 Difference between Insurance and Assurance

4 Difference between Insurance and AssuranceIn proposition, colorful scholars or insurance have tried to distinguish between these two words;
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First of all, some scholars said that the term insurance is used only where the threat, through probability, can be ascertained, i.e., it may or may not be at a certain time in the future.
Data of reprisal are of this type,e.g., fire and marine insurance.
Alternate, a structure may or may not catch fire; the boat may meet a disaster or may reach the harborage of destination safely.
In similar cases;
The policy may not be sure to come a claim, while assurance should be applied to similar contracts where the policy is bound to come a claim, i.e., where the threat ensured against must be sooner or latterly.
This is so in life contracts.

The threat is certain. According to this view, the term assurance should be used for life contracts and insurance for reprisal contracts.
Third, the other distinction tried is that insurance comes from the ensured while the assurance from the insurer.
In other words, the insurer assures the insured of his life or property while the ensured insures himself against his life or property.
Fourth, Still another distinction drawn is that assurance denotes the principle whereas insurance denotes the practice.
The below distinctions, however in proposition correct, but not hold well in practice.
By operation, both the terms are discerned against all over the world, and it's dispensable to be veritably particular about their use.
In practice, the terms have come exchangeable.