Introduction: The idea of insurance has evolved over the years from the idea of ‘spreading of risk or loss’. Insurance policies protect a person from financial losses or risks and thus in a way indemnifies the loss that might be suffered or borne by a person. After the opening the Read more…
Introduction: The idea of insurance developed and evolved from the simple idea of spreading the risk in order to mitigate the loss suffered by an individual party. This lays as a foundation for modern-day insurance, which has become interwoven into all aspects of our lives. Insurance means the transfer or Read more…
Introduction: An insurance policy protects a person from suffering financial loss or indemnifies the loss suffered by the person, in the events of financial losses. There a large number of participants in the insurance market moreover the general public or the policyholders find it difficult to understand and interpret the Read more…
Introduction: In the year 1818, the first insurance company was set up in Kolkata, followed by which the life insurance sector was nationalized on 1st January 1973. Later in the late 90s, the insurance sector was again reopened to the private sector. And thus, arose the need to regulate the Read more…
Introduction: Insurance in simple term can be defined as transferring or lifting of risk of an individual to a group. Individuals come together to pool in their resource in order to ensure the financial security, the fund thus raised is used to reduce the loss incurred by a party in Read more…