What is FIR and what are the requirements of FIR?

 What is FIR -         'FIR' which means First Information Report.  The Report first recorded by the police relating to the comm...

What is the first information report and what are the ingredients of the first information report (FIR)

Introduction -                   The word information means something in the nature of a complaint or accusation, or at least informatio...

Difference/ Distinction between the First Information Report (FIR) and Complaint

        Before we see the difference between the First Information Report (FIR)  and complaint let's see what is FIR and complaint. ...

Insurable Interest in Life insurance Classification of Insurable Interest in Life insurance (Insurance Law)

              The test of a valid insurance contract is the existence of the insurable interest. Insurable interest is nothing but an inter...

Objective Type Questions on Insurance Contract (Insurance Law )

Multiple Type Questions and Answer...(Insurance Law) 1. Choose the correct option... A. In an insurance contract, an insurer makes ...

Meaning and definition of Premium (Insurance Law)

Introduction - Insurance is a Contract, there are two parties in the contract of Insurance, Insurer and Insured. The insured gives pre...

Explain the concept and scope of life insurance what are the essentials of life insurance contract?

Introduction -                Insurance is a contract in which one party (the insurer) agrees for payment of consideration (the premium) ...

Mode of Payment of Premium (Insurance Law)

What is Premium -   It is the sum Payable (usually annually)  by the insured to the insurer under a contract of insurance.  Meaning an...

Amount recoverable under Life Insurance policy (LIC)

What is Insurance?            According to Justice Tindall, "Insurance is a contract in which a sum of money is paid to the assured...