After reading this essay you will learn about:- 1. Meaning of Insurance 2. Fundamental Principles or Features of an Insurance Contract 3. Types 4. Double Insurance 5. Re-Insurance 6. Advantages/Utilities/Importance. Essay on Insurance Essay Contents: Essay on the Meaning of Insurance Essay on the Fundamental Principles or Features of an Insurance Contract Essay on the Types of Insurance Essay on [...]
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 the happening of a stipulated [...]
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 analogy of banking. Like banking [...]