The Rural sector has been defined as any place which, as per the last census, has a population of not more than 5000,density of population of not more than 400 per square kilometer, and at least 75% of the male working population engaged in agriculture. The Government of India has launched various programmes for the […]
The Rural sector has been defined as any place which, as per the last census, has a population of not more than 5000,density of population of not more than 400 per square kilometer, and at least 75% of the male working population engaged in agriculture. The Government of India has launched various programmes for the […]
once there is contract between insurer and the client,, a document known as standard fire special perils policy is issued which is also known as policy documents. It is an agreement between insurer and insured and both the parties are bound to follow the terms and condition mentioned therein. Insured the value of the Property […]
At he surveyor is deputed by the insurance company after the intimation of loss has been received by the insurers. as and when there is loss under any insurance policy and expected loss is more than Rs. 20000/-, it is legal obligation on the insurance to appoint an independent surveyor to assess the loss. STEPS […]
The purpose of personal accident insurance is to pay fixed compensation for death or disablement resulting from accidental bodily injury. The personal accident insurance policy provides that, if at any time during the currency of this policy, the insured (person who has taken the policy) shall sustain any bodily injury resulting solely and directly accident […]
In India, the fire insurance is tariff business which means the terms and conditions of the fire insurance policy are same for all as these are approved by the authority . till 2006 the premium rates of fire insurance were also fixed which were known as tariff rates but now the insurance are fire to […]
Fire and Special Perils Policy compensates only for Material Damage to the insured property. It specifically excludes any consequential loss. In case of a major loss caused by Fire, there could be an interruption in business operation leading to reduction in turnover finally resulting in possible loss of profits. However, standing or fixed charges continue […]
Any insurance policy is a mere piece of paper till the time of a loss or claim. for a customer the actual meaning of the policy is to be able to take the claim at the time of loss. however every loss may not be payable under every policy . the claim Is payable provided […]
FIRE HAZARDS A fire hazard is situation where there is greater than normal risk of harm to property or people due to fire. It can be defined as a hazardous area where fire will start or where smokes or gasses can be generated, or where an explosion can occur endangering the lives of people. TYPES […]
Insurance that is used to cover damage to a property caused by fire. Fire insurance is a specialized form of insurance beyond property insurance, and is designed to cover the cost of replacement, reconstruction or repair beyond what is covered by the property insurance policy. Policies cover damage to the building itself, and may also […]