Tag: IC-33

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…