Category: Finance
Finance
What is Selection of Risk or Underwriting the risk? Every life insurance company is liable to assess the risk it wishes to accept and on that basis fix a …
Insurance
Procedure involved in Death Claims in Life Insurance in India The following are the general procedure involved in final settlement for death claims in India. 1. Intimation First of …
Insurance
What is Reinsurance? When an insurer transfers a part of his risk on a particular insurance by insuring it with another insurer or other insurers, it is called “Re-insurance”. …
Finance
What is Ploughing Back of Profits? A new enterprise should acquire its initial capital from the external sources only. But the initial capital alone is not sufficient for any …
Finance
Bank Finance in India Most of the joint stock banks in India are modeled on the lines of the British banks, which are purely commercial bank. In other words, …
Finance
What is Short-term Finance? Short-term financing deals with raising of money required for a shorter periods i.e. periods varying from a few days to one year. There are, however, …
Finance
Public Deposits One of the important sources of finance to trading and manufacturing companies in India has been public deposits. Generally companies opt for this method of financing rather …
Insurance
What is Insurable Interest? In an Insurance Contract, the term ‘Insurable interest‘ refers to the legal right to insure arising out of a financial relationship, recognized at law, between …
Insurance
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 when …
Insurance
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 and …
