Indian insurance companies play following roles in Economic development of our country. 1. Saving and Insurance Saving involves refraining from present consumption. The investment can take place only
What are Particular average Loss? Particular average loss are partial and unforeseen loss accidentally incurred by sea perils. When goods arrive at its destination, the surveyor inspects them
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
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
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