What is Project Appraisal? Assessing the viability or feasibility of a proposed project by the lending institutions is called project appraisal. Why is Project Appraisal necessary? Generally, commercial
5 Differences between marine insurance and fire insurance Although marine and fire insurance are basically contracts of indemnity and are issued for a short period, say one year
What is Assignment in an Insurance Policy? Assignment means a complete transfer of the ownership of the policy to some other person. Usually assignment is done for the
Procedure for Taking out a Marine Insurance Policy The procedure involved in taking out a Marine Insurance policy is quite simple and straight forward. The intervention of an
Advantages or benefits of Leasing to lessee Lease financing gives the following advantages to the lessee. 1. 100 percent financing Lease agreement finances assets which require huge investment.
Clauses in or contents of a lease agreement There is no standardized lease agreement. The contents differ from case to case. A typical lease agreement contains the following
Rights of Insurer in a Fire Insurance Policy The following are the rights of an insurer in a fire insurance policy. Right to avoid the contract. Right of
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