Insurance companies perform important functions as financial intermediaries and they collect and invest large amounts of premiums. They offer protection to the investors, provide means for accumulating savings, and invest …Read More . . .
Meaning of Marine Insurance Marine insurance may be defined as a contract between the insured and the insurer to indemnify the loss caused due to accidental marine adventure. Moreover, it …Read More . . .
Meaning of fire insurance Fire insurance refers to protection provided by the insurance company against the risk of fire. It is a contract in which the insurance company promises to …Read More . . .
Meaning of life insurance Life insurance is a contract where the insurer agrees to pay a certain sum of money to the insured on the maturity of the contract or …Read More . . .
Principles of Insurance The insurance contract is guided by certain fundamental principles that control the insurance policy. Some of the major principles of insurance has been discussed below: A) Principle …Read More . . .
Essentials of a valid insurance contract An insurance contract is a legal document that is the basis for an insurance policy that contains all the terms and conditions of insurance. …Read More . . .
Uses and Importance of Insurance In the modern age, insurance plays an important role in respect to one’s life and property due to increased risk. Thus, the importance of insurance …Read More . . .
Risk management: We live in society and there is a risk in each and every work of human life. In simple words, the risk may be defined as the possibility …Read More . . .
Insurance in the fifteenth periodic plan of Nepal (2076/77 – 2080/81): 1. Background: The insurance sector plays an important role in providing financial security by protecting human life, property, and …Read More . . .
History of Insurance: The History of Insurance is the outcome of the historical necessity of events following with the suffering of people. Insurance had been known in different forms for …Read More . . .