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 an offer …
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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 premium as a…
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) to make m…
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 and Definit…
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 in consi…
Powers of Insurance Regulatory and Development Authority of India (IRDA)
Powers of Insurance Regulatory and Development Authority of India (IRDA) - According to Section 26 of the Insurance Regulatory and Developme…
Duties and functions of insurance regulatory and Development Authority of India (IRDA)
Establishment of insurance regulatory and Development Authority of India - For reforms in the Insurance sector in order to make it more comp…
Types and Evolution of insurance in India
What is insurance - Insurance is a contract between two parties. Here one party is insured and another party is the insurer. Insurance…