Archive for 2015

EMPLOYEES STATE INSURANCE

The Employees� State insurance Act came into a force in 1948, laying the foundations for a nationwide comprehensive social insurance pr...

For all those who have financial dependents , life insurance is a must. Life insurance acts as a tool for income replacement. The idea is...

Life insurance in its nascent is known term insurance . The every very name implies that the coverage is for a limited and specific ti...

Among the private sector insurers, who started their activities during 2000-2001, aviva life insurance . Co had launched an exclusive ...

The claims arise under motos insurance are divided into two classes i.e. claim for own damages and claims for third liability. (A) CLAIM...

Motor insurance was first launched in U. K.. The first car was manufactured in 1984and the first motor insurance policy was issued in 1...

MISCELLANEOUS INSURANCE Introduction : Insurance not falling under fire insurance and marine insurance is considered as miscellaneous ins...

The LIC of India has designed some group insurance policies for the benefit of working class. Such policies are described briefly below....

Group insurance policies are certain plans of insurance which are offered to group of persons. The group may be: (a) Employer- employee gr...

As mentioned earlier in the life insurance industry, apart from LIC India Several private companies are also involved in selling life p...

Insurance have been able to keep their promise because life insurance is based on sound scientific principles. These include 1) Shared...

The following are the differences between life insurance and other forms insurance such as a fire marine and miscellaneous insurance....

The advantage of life insurance over other types of savings instrument available in the market are as follows 1) Creates an Estate: Life ...

Following are the different economics uses of the Life insurance 1: Financial security: Life insurance provides financial security to the...