Insurance is a financial arrangement that provides protection against potential future losses or unforeseen events, such as accidents, illness, or property damage. By paying a premium, individuals or businesses transfer the risk to an insurance company, which offers financial support or compensation when covered incidents occur.
FASTag is an electronic toll collection system in India operated by the National Highway Authority of India (NHAI). It uses Radio Frequency Identification (RFID) technology to enable automatic toll payments directly from a linked bank account or prepaid wallet, allowing vehicles to pass through toll plazas without stopping.