Definition of Premium in Insurance

An amount of money has to be paid regularly to the insurance company by an insurance holder for insured life risk. Insurance premium means annual payment made by a person to an insurance company.

Features of Premium in Insurance

Premium or insurance premium is that money for which insurer provides financial security against risk in behalf of the insurance policy holder. Premium can be paid in one time or several times. The features of the premium of life insurance are given below:-

10 Symptoms or Characteristics of Frustration

This article also narrates...

• Characteristics of Frustrated Behavior

---

Frustration is a mental condition of a person. 

Usually, a person may face many problems, accidents and obstacles in regular life. For those hindrances, one can be easily frustrated in the path of life. 

Functions of Insurance

Insurance serves many important functions to help people deal with losses or danger mostly related to financial issues. Some of the most important functions of insurance are discussed in this article.

Classification of Marine Peril

Marine Peril means the reason behind the loss of a shipment. That means, for which reason the ship has been damaged is called the peril of the ship mishap. The term marine peril is used on marine insurance. Marine perils can be divided into two major groups, such as, natural perils and man-made perils. Both of the perils are described below.

Marin Insurance and Classification of Marin Insurance Policies

Definition of Marin Insurance: Insurance is actually a process that tends to guard your valuable property while you set your mind free from tension and enjoy your time and within the time on accordance to their terms you get the benefit out of it too while they manage your property. One of the most adopted insurance, now a day, is Marine insurance.

Essential Elements of Marine Insurance Contract

Before discussing about essential elements of marine insurance, we have to know about marine insurance. A contract of marine insurance is such a contract, by which the insurer undertakes the risk as agreed provide financial support against marine losses.

Introduction to Managing Small Business-Small Business Management

Small Business Management: Owner-managers hiring professional or highly qualified staff for the firs time are often reluctant to delegate full authority and responsibility to the newcomer(s): having previously been responsible for tasks themselves, they find it difficult to abandon them to others. Equally, new entrants often felt they must demonstrate their expertise by reorganizing the area of the organization for which they have assumed authority. the owner-manager may well take this as implicit criticism of his previous efforts, leading to friction with the new employee. Managing staffs is a vital element of small business. In addition, an entrepreneur must learn how to manage small business well.

Types of Life Insurance or Classification of Life Insurance

There are different types of life insurance policies. A person can take a life insurance policy according to his  nature and type of needs. The insurable interest of life insurance is different than others. When a person is going to take a life insurance policy, That person should be careful about his needs before completing any insurance contract. Life insurance security comes in several types, and not all policies are a unit created equal, as one may shortly discover. Whereas the profit amount is also an equivalent, the costs, arrangement, durations, etc. vary hugely across the categories of policies.

Nature or Features of Life Insurance

Purchasing insurance is one among the foremost necessary monetary selections shoppers build. Nevertheless they typically understand little or no regarding the features of their plans, so that they fail to require advantage of them.

Here square measure ten of the foremost generally ignored features of insurance plans and why they are necessary to a person as a customer.

Feature or Nature of Fire Insurance with the Short History of Fire Insurance

You are getting...

• Features of Fire Insurance
• Nature of Fire Insurance
• Short History of Fire Insurance

  ---

Fire insurance has not a long record. The actual business of fire insurance arrived only after the great fire of London in 1666. 

This fire stayed for four days and nights destroy by firing more 436 acres of land and above 13,000 buildings were the mainly terrible fire in the past and powerfully wake up the people to the requirement for a type of guard beside such calamities.

Classification of Fire Insurance or Different Fire Insurance Policies

By increasing the business area and scope unacceptable accident is also increasing.  So reducing the risk of assets, fire insurance takes vital roles. For the different kind of risk, fire insurance or policy also formed in many ways.  The main forms or classification of fire insurance are given below.

What is Personal Accident Insurance

Personal Accident Insurance wrappings your costs from a misfortune with a chunk sum fee, every day or monthly allowance or a fee for loss of life from an accident. Some types of policies supplement a protection program.

Often, accidental death and dismemberment is a cheap pattern of personal accident insurance. Other types are alike to disability earnings, but they pay a money addition when you have a wound due to an accident. There are several ways to purchase individual misfortune protection. Some principles only pay for exact kinds of accident.

Definition of Insurance and Insurance Policy

Insurance: The term insurance defines any step or measure taken for security against risks. In general ‘step’ or ‘measure’ refers to a certain amount of money or full recovery from the danger based upon the certain regulations according to the mutual agreement between the insured and the insurer.

Definition of Insurance Contract

The mutual agreement is called the insurance Contract on which the insurer ensures the insured to help him/her in order to recover from the loss. An agreement whereby, for definite respect, one party agrees to pay the other for a loss involving a specific matter as an outcome of the amount of chosen risks.

Importance of Crop Insurance or Agricultural Insurance

The concerns and investments of ranchers need to safeguard by crop insurance. In countries having multiple risk protection designs, government`s intervention or its support to crop insurance procedures to consider justifiable and inescapable due to market failures.

What is Agricultural Insurance or Crop Insurance

Crop insurance or agricultural insurance is obtained by agricultural makers, as well as ranchers at all. To guard themselves against either the loss of their plantings attributable to natural catastrophes, like hail, drought, and floods, or the loss of financial gain attributable to declines within the costs of farming product. The 2 general classes of crop insurance are referring to as crop-yield insurance and crop-revenue insurance.

Definition of Fire Insurance

Fire insurance is the protection that boasts treatment against impairment or loss due to fire. It is the insurance obtained by proprietor of homes and financial properties to provide reimbursement in case of losses resulting from blaze. Such insurance provide in exchange for the fee of a premium.