What is insurance??? and explain its principles...
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insurance is a kind of benefit from which we can be indemified
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Principles of Insurance. Insurance policies are contracts that provide people with financial security and protection from future uncertainty. In order for the relationship between the insurer and the insured to work, however, there are certain important
there principal are as follows
7 Most Important Principles of Insurance
1.Nature of contract:
2.Principal of utmost good faith:
3.Principle of Insurable interest:
4.Principle of indemnity:
5.Principal of subrogation:
6.Double insurance:
7.Principle of proximate cause:
i hope its help you
there principal are as follows
7 Most Important Principles of Insurance
1.Nature of contract:
2.Principal of utmost good faith:
3.Principle of Insurable interest:
4.Principle of indemnity:
5.Principal of subrogation:
6.Double insurance:
7.Principle of proximate cause:
i hope its help you
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