BusinessInsurance is able to Curtail Inflation – How? Insurance is able to Curtail Inflation – Insurance has evolved as a process of safeguarding the interest of people from loss and uncertainty. It may…
BusinessFundamental Element of Insurance Contract Fundamental Element of Insurance Contract The contract of insurance is very useful to indemnify any loss. In this light, the contract of insurance is also…
BusinessSecondary Function of Insurance Secondary Function of Insurance Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for…
BusinessJustice is the insurance which we have on our lives and property – Explain Justice is the insurance which we have on our lives and property – Explain Insurance has evolved as a process of safeguarding the interest of…
BusinessInsurance is a Cooperative device for distributing risk – Explanation Insurance is a Cooperative device for distributing risk. Insurance may be described as a social device to reduce or eliminate risks of loss to life…