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12 different types of life insurance policies

The life insurance policies are of many types. The principal types of policies are like Whole life Policy, Limited payment life policy, Endowment policy, Double endowment policy etc…

By |2011-04-06T17:06:18+00:00April 6, 2011|Business|Comments Off on 12 different types of life insurance policies

Life insurance not a contract of indemnity

Fire and marine insurance contract, in general, are contracts of indemnity, that is, they provide for compensating the insured for loss or damage sustained. A contract of life insurance, however, forms an exception to the general rule…

By |2011-04-06T17:06:18+00:00April 6, 2011|Business|Comments Off on Life insurance not a contract of indemnity

What are the fundamental principles of life insurance contract ?

Fire insurance contracts have the following fundamental principles like it is a contract of indemnity. Its object is to place the insured as far as possible in the same financial position after a loss as that occupied immediately before the loss…

By |2011-04-06T17:06:18+00:00April 6, 2011|Business|Comments Off on What are the fundamental principles of life insurance contract ?
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