Tag: Life Insurance

Principles of Insurance-7 Principles of Insurance

The principles of insurance are the rule of action or conduct adopted by the stakeholders involved in the insurance business. The specific principles of a valid insurance contract consist of the following: Utmost good faith: A contract of insurance is…

Motor Insurance in India

  Motor Insurance gives protection to the vehicle owner against the damage to his/her vehicle and pays for any third party liability determined as per law against the owner of the vehicle. Driving a motor vehicle without insurance in a…

Types of Life Insurance Policies

Life Insurance is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc.  Different types of insurance policies are as follows Term Insurance: This type of policy gives the protection for a set period…

Requirement of Life Insurance

Life Insurance is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. In life insurance, the Sum Assured or the amount guaranteed to be paid in the event of a loss is by…

Investment of Money

What do you mean by investment of money? Any source where we put our money to get a better return in the future is called investment of money. These investments give value to our money as if we keep our…

Life Insurance

  From a legal angle insurance is a contract. The contract is between insurance company and the person getting insurance cover, beneficiaries of insurance would include The policyholder The insured person Dependent of the insured person Life insurance is usually…

Future of Insurance sector in India

According to me, future of insurance sector is very good in India. Current market share of new companies is not  attractive but the potential market is very attractive and lucrative in this country. Insurance has gotten popularity in cities ,most…