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
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
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
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,
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
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,
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
Types of Members or Brokers at Stock Exchange Members or brokers of a stock exchange can be classified into floor brokers, commission brokers, jobbers, tarawaniwalas, odd lot dealers,