What is Bank and banking? The activities of bank are known as banking. Bank is an institution engaged in the transaction of money. Banks keep deposits of other money and lend those to others. Bank is the compass of modern business. Bank is the institutions whose debts usually referred to as bank deposits are commonly […]
Risk Management and Insurance
Competitive position of life insurance companies
Competitive position of life insurance companies is Change in competitive is a common feature of a market economy. With the entrance of new insurance competitive structure of life insurance industry has change. Although the public sector life insurance company had been losing to the foreign life insurance company since 1974, but the loss of market […]
Kinds of Insurance in Business Studies Types of Insurance
Kinds of Insurance is the Insurance can be divided into from two angels first from the business point of view and the second from the risk point of view. Business point of view. The insurance can be classified into three categories from business point of view: 1. Life Insurance. 2. Genera Insurance, and 3. Miscellaneous […]
Description of the Concepts
Description of the Concepts 1. Contract: Thus Features of general contract are: Offer and Acceptance: For Contract, there must be offer and acceptance agreement for exchange for exchange of some value. The independent and uninfluenced agreement is precondition for any contract. In insurance, the individual (insured) or public makes offer or proposal for policy and […]
What is Risk Management and Insurance?
Risk Management and insurance is the process of insurance has been evolved to safeguard the interest of people from uncertainty by the providing certainty payment at a given contingency. The important of insurance can be described as follows. Insurance provides and safety. the insurance provides safety and security against the loss of craning at death […]