Articles [Insurance]

The plan by which an individual or concern sets up a private fund out of which to pay losses is termed "Self-insurance". The person lays aside periodically certain sum to meet the losses of any contemplated risk. While it may be called "Self...

There are many general insurance policy being marketed  by General Insurance Companies , policy terms & conditions are written in small letters ,which are never read by customers . Customers are facing  problem while lodging any claims . We are...

  Risk is a burden not only to the individual but to society as well. And the need to minimize the same is not highly desirable for both. There are several ways one can meet a risk viz. Risk Avoidance, Risk Retention, Risk Transfer, Loss Control...

  In the contracts of life insurance the significance of disclosure of material facts by the person who life is under the cover of life insurance, is immense . What constitutes a material fact? It is reasonable to interpret it as any fact which...

  Marine insurance is essentially for transit or movement of goods by ocean-going vessels and a contract of marine insurance is an agreement whereby the insurer undertakes to indemnify the assured in the manner and to the extent agreed against...

  The contracts of insurance are founded on utmost good faith. The utmost good faith is the essence of them. These are are basically of fiduciary in character. The insurance companies given to the large volume of transactions they regularly enter...

    NEED FOR CREDIT INSURANCE   The need and importance of credit insurance is great. It provides assistance in the form of enhanced bank financing by improved margining ratios on accounts receivable. Thus it raises the borrowing capacity of...

Insurance in India                       Insurance has become vital part in everyone’s life as it takes the complete responsibility to protect their families in case of financial loss or any sought of unfortunate event.  Buying a insurance means...

  LONG TIME LIFE ASSURANCE     Long time life insurance is a form of life insurance that has a fixed quality for the long term. The time can be among 5 years to 30 years, or you can get an annual term insurance plan that you can restore each...

Insurance means to protect us from some unknown incidents. That may be our life and our assets. Generally people take risk on there life but they take less risk on there assets. Less number of people insured there life but most of the people...