Top Menu

Archive | Notes

What are the Methods for Managing Conflict ?

This article throws light upon the top three methods adopted for managing conflict in an organisation. The methods are: 1. Collective Bargaining 2. Conciliation and Mediation 3. Arbitration. Method # 1. Collective Bargaining: It is the process of direct negotiation on a collective or group basis between the representatives of employers and their employees for […]

Conflicts: Meaning, Causes and Results | Industries

After reading this article you will learn about:- 1. Meaning of Conflicts 2. Sources of Conflict 3. Stages 4. Causes 5. Views 6. Impact 7. Results 8. Resolution. Meaning of Conflicts: Disputes between individuals and between groups are characteristic of human behaviour. Conflict (dispute) is a type of behaviour which occurs when two or more […]

Notes on Reserve Bank of India Act

Subject Matter of the RBI Act: The process of deciding main features of the Reserve Bank of India Act was not only difficult but was long drawn. Notwithstanding the years of controversy that had raged around the constitutional set-up of a central bank for India, and the fact that the country had twice had an […]

Notes on the Life Insurance Corporation of India (LIC)

This article provides notes on the Life Insurance Corporation of India (LIC). In India also the concept of insurance remained since the ancient civilizations. Look at the Logo of the Life Insurance Corporation some words in devnagri script (Yagkshema) are written in the logo of LIC. These have been taken from Rig Veda meaning protection […]

Notes on Classification of Insurance: 2 Types

This article throws light upon the two types of insurance. The types are: 1. Life Insurance 2. General Insurance. Type # 1. Life Insurance: There is a life insurance council that decides entire norms relating to life insurance in India; In fact life insurance plays different type of roles. As conceived by the Life Insurance […]

Notes on Insurance: Meaning, Need and Functions

After reading this article you will learn about:- 1. Meaning of Insurance 2. Definition of Insurance 3. Nature 4. Basic Types 5. Need 6. Characteristics 7. Working 8. Functions. Meaning of Insurance: If one goes by the word meaning insurance is a contract between two parties whereby the insurer agrees to indemnify the insured upon […]

Notes on the Evolution of Insurance Industry

After reading this article you will learn about the evolution of insurance industry. The insurance industry as we see it today is modern and advance stage which has been attained in a phased manner over a long period. Insurance is basically a financial service as such it grew up like a financial sector on the […]

Notes on Reinsurance: Meaning and Types

After reading this article you will learn about the meaning and types of reinsurance. Meaning of Reinsurance: Reinsurance means where a risk is considerable any insurance company would like to insure the risk up to a certain amount themselves. And put the excess risk out to a re-insurance company, or to a more than one, […]

Notes on Over and Under Insurance

This article provides notes on over and under insurance. Notes on Over Insurance: In case of over insurance a situation arises where insurance cover has been taken for the value which exceeds the actual cash value of the insured risks. It can be also known as the replacement value. In case of over insurance the […]

Notes on General Insurance Council of India (GIC)

After reading this article you will learn about:- 1. Introduction to GIC 2. Membership Criteria of GIC 3. Major Activities 4. Insurance Portfolio. Introduction to GIC: The General Insurance Council is a statutory body under the Indian Insurance Act 1938. Section 64 C of Part II-A of the Indian Insurance Act 1938 states that there […]

free web stats