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 council the Life Insurance is [...]
After reading this article you will learn about the meaning and types of risk retention. Meaning of Risk Retention: It is nothing than presuming that we are going to incur certain losses on a particular issue but at the same time are not willing to transfer such risks to another party. For example in an individual case a persons decides [...]
After reading this article you will learn about the meaning and requirement of an actuary in general insurance. Meaning of Actuary: An Actuary is an officer of any insurance company, skilled in statistics, especially on the expectancy of life and the average proportion of losses by time and other accidents. In fact the Actuary is a specialized field of a [...]