Life Insurance fulfills the needs of a person – Explanation.
Business

Life Insurance fulfills the needs of a person – Explanation.

Life Insurance fulfills the needs of a person – Insurance has evolved as a process of safeguarding the interest of people from loss and uncertainty.…
Insurance helps Bring Peace of Mind – Explanation
Business

Insurance helps Bring Peace of Mind – Explanation

Insurance helps Bring Peace of Mind – Insurance has evolved as a process of safeguarding the interest of people from loss and uncertainty. It may…
Facts that required to be disclosed by the Insured
Business

Facts that required to be disclosed by the Insured

Both the insurer and the insured when undertaking an insurance contract are reliant on the belief that all parties are acting in good faith, and…
Origin of Insurance
Business

Origin of Insurance

Origin of Insurance The origin of insurance is lost in antiquity but the insurance in its modern form appeared first in marine and land fields.…
Insurance is not Charity – Explain
Business

Insurance is not Charity – Explain

Insurance is not Charity – Insurance has evolved as a process of safeguarding the interest of people from loss and uncertainty. It may be described…
An insurance contract is a contract of Uberrimae Fidei – Explain
Business

An insurance contract is a contract of Uberrimae Fidei – Explain

An insurance contract is a contract of Uberrimae Fidei –  The contract of insurance is very useful to indemnify any loss. In this light, the…
Insurance Eliminate Dependency – Explanation
Business

Insurance Eliminate Dependency – Explanation

Insurance Eliminate Dependency – The process of insurance has been evolved to safeguard the interests of people from uncertainty by providing certainty of payment at…
Limitations on the scope of Insurance
Business

Limitations on the scope of Insurance

Insurance is a unique service-based product that people purchase for peace of mind, yet usually, hope to avoid using. Some disadvantages of buying insurance products…
Insurance system spreading loss of one into the shoulder of many – How?
Business

Insurance system spreading loss of one into the shoulder of many – How?

Insurance is a system of spreading loss of one into the shoulder of many –  Insurance has evolved as a process of safeguarding the interest…
Classify Insurance from Risk Point of View
Business

Classify Insurance from Risk Point of View

Insurance has evolved as a process of safeguarding the interest of people from loss and uncertainty. It may be described as a social device to…
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