14 Differences between Nomination and Assignment in Insurance The following are the major differences between nomination and assignment: 1. How made: Nomination can be made either by mentioning
What is Nomination in a Life Insurance Policy? Nomination is only an authorization to some one to receive the policy money if and when the policyholder dies. A
History to Insurance Individuals and organizations expose themselves to the chance of loss in all activities due to uncertainties. The more industrialized a society becomes, the more complicated
Types of Travel Insurance The following are some of the major types of insurance available for traveling purposes that one can choose from to fit his need: 1.
Coverage of All Risks Insurance All risks insurance grants very wide cover in respect of valuable property and is normally issued only to very good clients. Barring a
In marine insurance business, losses arise due to various marine perils. Some perils are insured while some perils are not insured. Before we discuss the different types of
Agricultural Pump sets Insurance Agricultural Pump sets Insurance is suitable for insuring pump sets used for agricultural purposes. Some insurance is issued to cover pump sets used for
Cattle Insurance is suitable for the farmer who owns the cattle and the banks/financial institutions who have financed for the purchase of cattle under IDP/ District Rural Development
Top 10 Advantages or Benefits of Reinsurance The advantages of reinsurance can be summarized as follows: 1. Reinsurance boosts Insurance Business The major advantage of reinsurance is that
Importance of Insurance to Businessmen The importance of insurance to a businessman can be understood from the following points. 1. Security and Safety: It gives a sense of