BusinessLife 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.…
BusinessInsurance 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…
BusinessFacts 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…
BusinessOrigin 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.…
BusinessInsurance 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…
BusinessAn 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…
BusinessInsurance 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…
BusinessLimitations 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…
BusinessInsurance 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…
BusinessClassify 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…