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
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
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
Importance of Insurance to Society Insurance is a part and parcel of society today. It offers various advantages to the society as given below: 1. Protects society’s wealth
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
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