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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 information of a cr…

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. What is…

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 interest of su…

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 …

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…
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