Articles [Insurance]

  Three important principles from the foundation for the risk transfer mechanism of Insurance:   Sharing the losses of the Unfortunate Few by Many A large amount of people who face the same risks have been grouped together and the risk suffered...

Risks can be classified according to their origin and consequences.  Pure Risks Pure Risks are associated with uncertainties which may cause loss. In a pure risk situation, either a loss occurs or no loss occurs – there is no possibility for...

  Accident means an unexpected or sudden event which occurs by violent or external means and results in body injuries. It does not include prolonged illness or disease. It is unknown and can happen anytime, anywhere and by any means. It is easier...

  To the layman, risk means exposure to danger. The process of managing risk is called Risk management.The importance of Risk management has been recognised and organisations now employ risk managers to specifically manage the risk. Insurance, as...

Death-Survivors - Tips and Cautions. Death of a person close to you is always sad and emotional. Unfortunately, within a short time after death, many are contained. Possibly there is a will, or is an executor of the wishes of the deceased informed....

From 1st September , 2010 onwards a lot of changes has happened in insurance industry. IRDA realized the need of a long term investment portfolio in case of ULIP products. Now a minimum of 5 years lockin has been introduced. Also the various...

LIFE INSURANCE Basics Of Life Insurance  The purchase of Life Insurance is one of the most important decision that one makes in his/her lifetime.When one doesn't care about owning a Life Insurance he/she is making a big mistake. When one doesn't...

OBJECTIVES At the end of this lesson,the student should have understood .The procedures follwed for settlement of claims under line insurence policies .Therationa;e behind such procedures .The risks and necessary safeguards to be aplied while...

1.Personal Insurance The personal insurance includes insurance of human life which may suffer loss due to death,accident and dease. Therefore the personal insurance is further sub-classified into life insurance,personal accident insurance and...

Under the property insurance property of a person/persons ae insured against a certain specified risk. The risk may be fire or marine perils,theft of property or goods,damage to property at accident. (a) Marine Insurance. Marine insurance provides...