HISTORY OF MOTOR INSURANCE

 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

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

TYPES OF GROUP INSURANCE POLICIES

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

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

LIFE INSURANCE PRODUCTS OR POLICIES

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

SCIENTIFIC PRINCIPLES OF LIFE INSURANCE

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

LIFE INSURANCE Vs NON- LIFE INSURANCE

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

ADVANTAGES OF LIFE INSURANCE

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

ECONOMIC USES OF LIFE INSURANCE

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

CHARACTERISTICS OF LIFE INSURANCE

The following characteristics  of features in life insurance may be deduced from the aforesaid definitions : 1) Offer and acceptance: Like o...