Category: Insurance

Fire Insurance Basic Principles & Add On Covers

Fire insurance business has been defined in Section 2 of the Insurance Act, 1938.The subject matter of fire insurance may be any kind of moveable and immovable property having pecuniary value. Fire insurance contracts are governed by the general law…

You can Take a Policy Loan from Your Life Insurance Company

Policy loan or loan against a life insurance policy could be an easy way to handle financial emergencies. Contact your life insurance company now!             Policy Loan: A Feasible Way to Tackle Financial Emergencies “It…

Insurance Terms and Definitions

3rd Party Insurance: Motor third-party insurance or third-party liability cover, is called as ‘third-party’ cover since the beneficiary of the policy is someone other than the two parties the car owner and the insurance company involved in the contract. Absolute…

IC-33 Chapter-5 : Life Insurance Products I

Overview of life insurance products:– Life insurance is an intangible product where the customer is made to understand feature and returns of it. Life insurance products offer protection against the loss of economic value of an individual’s productive abilities. it…

Term Insurance is a Big Step Towards Responsible Parenting

Your child has to compete with 1,31,399,999 kids of the same age. To how about term insurance and other tips of good parenting, read on! A Guide to Better Parenting The dynamic clock predicts the population of India every second.…

IC-33 Chapter 4 : Financial Planning

Financial Planning: It is a process of identifying one’s life’s goals, translating these identified goals into financial goals and managing one’s finances in ways that will help one to achieve those goals.  Savings may be considered as a composite of…

IC-33 Chapter 3 : Legal Principles of Life Insurance

What do you mean by insurance? Insurance is a contract between the insurer (insurance company) and the insured in which insurer agrees to provide financial protection to the insured on happening of certain specified risks for a price called as…

IC-33 Chapter 2 : What Life Insurance Involves

What do you mean by insurance? Insurance is a contract between the insurer (insurance company) and the insured in which insurer agrees to provide financial protection to the insured on happening of certain specified risks for a price called as…

IC-33 Chapter 1 : History of Insurance in India

Origin of insurance can be traced to Llyod coffee house ( Marine Insurance); Amicable Society for Perpetual Assurance in 1706 London considered as First Life Insurance company. Modern insurance in India began in early 1800 began with agencies of foreign…

Personal Accident Insurance

Personal accident insurance covers death or disablement to the insured person, arising out of accident. Personal Accident policy may be renewed by mutual consent every year and in such event, the renewal premium shall be paid to the company on…