MACHINERY BREAKDOWN INSURANCE 1 Types of Engineering Policies I. Operational Policies Annual policy for machinery / equipment II. Project Policies Project based policy for…
WHAT IS INSURANCE? Risk Transfer mechanism Economic Concept of Insurance: 1. Insurer offers policy to cover specified risks 2. Insurer collects policy premium from customers…
PATUCK GALA COLLEGE OF COMMERCE & MANAGEMENT SUBJECT BUSINESS ASPECT ON BANKING & INSURANCE TOPIC - FIRE INSURANCE GROUP MEMBERS SEAT NO. 9.) NAMES AMIT GOERGE 11.)…
1. Introduction To Insurance 2. The Indian Contract Act 1872• A contract is an agreement between two or more parties to do or toabstain from doing an act and which is•…
1. In the name of Allah, the most beneficent, the most merciful. 2. UPLOADED BY[email_address] How Insurance Companies Work ? Sami UllahID#9706 MaazID# 9702 Shah JunaidID#9722…
1. By : Shashank S Kadagi 2. Definition of Insurance It is a contract or agreement between tow parties by which one of them (called insurer) agree to indemnify the other…
1. Insurance: Concept and importance Insurance is pooling of risks. In a contract of insurance, the insurer (insurance company) agrees/undertakes, in consideration of a sum…
1. WHAT IS INSURANCE ? • Insurance Indemnifies Assets & Income. Every Asset has a value and generates Income to its Owner. There is a normally expected Life-time for…