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Transfer rights to insured to the insurer 21 Nov 2012 | 11:04 am
Subrogation may be define as the transfer if rights and remedies of the insured to the insurer who has indemnified the insured in respect of the loss. If the insured has any rights of action to recove...
Effects the Insurance 18 Nov 2012 | 08:37 am
A Contract of sale involves mainly a seller and a buyer, apart from other associated parties like carries, bank, clearing agent etc. The question as to who is responsible for effecting on the goods, w...
Health Insurance Covers Maternity Expenses 17 Nov 2012 | 11:01 pm
This is an optional cover which is available on payment of 10% of the basic premium for all the insured persons under the policy. Total basic premium means the total premium computed before applying G...
Insurance is Contract 13 Nov 2012 | 03:31 pm
In the case of insurance, the insured pays the premium and the insurer accepts the risk, the contract of insurance is concluded. The policy issued by the insurer is the evidence of the contract. Like ...
Role in Economic Development 13 Nov 2012 | 03:30 pm
For the economic developments, investments are necessary. Investments are made out of savings. A life insurance company is a major instrument for the mobilization of savings of people, particularly f...
Insurance as Social Security Tool 13 Nov 2012 | 09:54 am
It is now recognized that provision of social security is an obligation of the sate. In fact, the subject has been included in list III of the seventh schedule of the constitution of India as “Social ...
Insurance Pooling Risk and Resources 13 Nov 2012 | 09:54 am
The business if insurance done by insurance companies, called insurers, is to bring together persons with common insurance interests (sharing the same risks), collecting the share or contribution (Cal...
Assets are insured 12 Nov 2012 | 11:16 pm
Assets are insured, because they are likely to be destroyed or made non functional, through an accidental occurrence. Such possible occurrences are called perils. Fire, floods breakdowns, lightning, e...
Business of Insurance 12 Nov 2012 | 07:20 pm
The business of insurance is related to the protection of the economic value of assets. The assets would have been created through the efforts of the owner, in the expectation that, either through the...
Availability and usage of Tramadol 19 Oct 2012 | 05:39 am
Tramadol is classified as a central nervous system drug usually marketed as the hydrochloride salt (tramadol hydrochloride); the tartrate is seen on rare occasions, and rarely (in the US at least) tra...
