What is Insurance and What are Essential Features of Contract of Insurance

 What is Insurance?         Insurance is a contract between an individual or business and a third party that provides financial protection ...

Executive Committee of Life Insurance Council and the Functions of Executive Committee of Life Insurance Council?

  Introduction -   The Insurance Act 1938 is enacted and enforced in the year 1938, same is applicable to all over India, Section 64F speaks...

Reinsurance (Insurance Act, 1938 Section 101A to Section 101C )

1) What is Reinsurance -        Reinsurance is a risk transfer mechanism whereunder an insurance company passes on the risk on an insura...

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...