Defination of insurance?
i want the definition of insurance.if any one have the defination please correspondence me
Answers:
Insurance, surrounded by law and economics, is a form of risk nouns primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable verbs of the risk of a potential loss, from one entity to another, in exchange for a premium. Insurer, surrounded by economics, is the company that sells the insurance. Insurance rate is a factor used to determine the amount, call the premium, to be charged for a certain amount of insurance coverage. Risk running, the practice of appraising and controlling risk, has evolved as a discrete pen of study and practice.
making righteous of the loss of others. its a pooling of funds by so many population to make virtuous of the loss of one among them.
Insurance-
-promise of reimbursement in the bag of loss; paid to ancestors or companies so concerned about hazard that they have made prepayments to an insurance company .
-Insurance, contained by law and economics, is a form of risk guidance primarily used to hedge against the risk of potential financial loss. Ideally, insurance is defined as the equitable verbs of the risk of a potential loss, from one entity to another, in exchange for a valid fee. ...
A contract within which one party agrees to take-home pay for another party's financial loss resulting from a specified event (for example, a collision, theft, or storm damage). Lease agreements across the world require that you maintain vehicle collision and comprehensive insurance as very well as liability insurance for bodily injury and property damage.
-protection against a specific loss over a interval of time that is secured by the pay of a regularly scheduled premium.
-Plan within which individuals and organization who are concerned going on for potential risks will pay premiums to an insurance company, who within return, will reimburse them if there is loss. To generate a profit, the insurer will invest the premiums it receive. Examples of the different types of insurance available are automobile, home, health and worker's compensation. Whereas surrounded by most cases the insured is paid for their loss, beside life insurance a beneficiary is salaried when the insured person pass away.
-A system under which individuals, businesses, and other organization or entities, in exchange for grant of a sum of money (called a premium), are guaranteed compensation for losses resulting from certain peril under specified conditions surrounded by a contract.
-A contract in which one gala agrees to compensate another party for any losses or damages cause by risks identified in the contract contained by exchange for the payment of a lump sum or broken up amounts of money to the first party.
the business of providing financial protection for property, time, health, etc against specific occurances. intermediate Level above makeshift but below advanced. internship Employment a student (especially of medicine) takes to gain experience for a qualification. intro week An introductory week for unknown university or college students which enables them to become decipherable with their institution, its services, their course and the town or city they will be studying in.
All the best.
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Die for some one else's benefit.
A contract (policy) in which an individual or entity receive financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.
Transference of risk. Everything else is details.
There is so oodles types of insurences as fellows:-
(1). Life insurence - a regular income, contained by absence of insuerrd
people. Life insurance is being secured a income, after the demise of insured person/persons.
(2). General insurance ( so many products) protects the householdgoods, fire, lost of money, an calamity of a car,
the coup¨¦ owner takes the insured money from the insurane
The defination of insurance - it is an umbralla, where on earth we do took celter in our difficult situation.
Material regarding insurance can be downloaded from the www.poonam.reliancefresh.info
www.reliancelife.reliancefresh...
Every company have some advantages and somedisadvantages. But insurance plans are same as per govt. guidelines ( IRDA ). Premium may be differ from one co. to another but it as not more than 1% to 2% on depending on plan to plan. if you you some insurance plans as given below , you can understand that the serious plans are same in adjectives co. but name of the plan is different contained by all co, but objects are same as per plans . some signature of plans are as follows :
COMPANY NAME ( (ENDOWMENT PLAN )
ICICI Prudential Life Insurance
1. Save 'n' Protect
2. Cash Bak
3. Secureplus
4. Cash plus
TATA AIG Life Insurance ,
1. Assure 21 money saver
2. Life Plus
3. Shubh Life
4.Assure Security & Growth
AVIVA Life Insurance,
1. Wealthplus/ Easy Life Plus
2. Lifesaver
Birla Sunlife Insurance,
1. Flexisave plus
2. Flexicash
3. Flexi Long Term Saving Plan
4. Life Companion
5. Flexi Access Money
HDFC Standard Life Insurance,
1. Endowment Assurance
2. Money Back Plan
Bajaj Allianz,
1. Invest Gain
2. Cash Gain
Max New York Life Insurance,
1. Endowment 60
2. Endowment 20
3. Lifegain plus
SBI duration insurance,
1. Sudarshan
2. Sanjeevan Supreme
3. Money back plan
LIC,
1. Table 14
2. Table 48
3. Jeevan Shree
4. Jeevan Sathi
5. Jeevan Mitra
6. Jeevan Samridhi
7. Bima Gold
ING Vysya
1.Reassuring Life,
2. Maximising Life (Money Back) Plan
3. Maximising Life (Money Back) Plan
4. Powering Life (Limited Premium Paying Plan)
Om Kotak Life,
1. Kotak Capital Multiplier Bond
2. Endowment Plan
3. Money Back Plan
COMPANY NAME OTHER PLANS
ICICI Prudential Life Insurance,
TATA AIG Life Insurance,
1. Health Protector
2. Health First
Birla Sunlife Insurance ,
1. Medicare
2. Woman First
3. Bima Kavach Yojna
KAJAL Allianz,
1. Health Care
2. Keyman Insurance
Max New York Life Insurance ,
SBI existence insurance,
1. Keyman Insurance
COMPANY NAME
(WHOLE LIFE PLAN )
1.ICICI Prudential Life Insurance ,
Life Time Premium Life
2.TATA AIG Life Insurance ,
1. Mahalife
2. Mahalife Gold
3.AVIVA Life Insurance,
1. SaveGuard
2. Lifelong
4.Birla Sunlife Insurance ,
1. Flexi Lifeline
5. HDFC Standard Life Insurance ,
1. Whole of life
6. BAJAJ Allianz ,
1. Lifelong Gain
2. Life Time Care
7. Max New York Life Insurance,
1. Whole natural life (participating)
2. Whole life (non-par)
8.SBI enthusiasm insurance ,
9. LIC ,
1. Jeevan Anand
10. ING Vysya ,
1. Fulfilling Life
2. Rewarding Life
You can understand that express doubts of plans are same in one categary while baptize of the plan is different in different insurance companies.
For detail you can call on following websites :
http://www.poonam.reliancefresh.info...
http://www.reliancelife.reliancefresh.in...
http://www.kajal.reliancefresh.info...
http://www.redfort.reliancefresh.info...
http://www.joginderkathuria.ignou.info...
Insurance means to cover a risk of loss. If within is not a risk of loss there is no call for for insurance.