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 of health. If we read [...]
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 [...]
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 insurer companies have to be [...]