Essay insurance career

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Essay insurance career

A fire insurance is a contract to indemnity the insured for distribution of or damage to property caused by fire.

The insurer undertakes to pay the amount of the insured loss subject to the maximum amount stated in the policy.

Fire insurance is essentially a contract of indemnity, not against accident, but against loss caused by accident. It is becoming very common in fire insurance policies to insert a condition, called the average clause, by which the Essay insurance career is called upon to bear a portion of the loss himself.

The main object of this clause is to check under-insurance and to encourages for full insurance. It impress upon the property-owner for the need of having his property accurately valued before insurance.

Essay insurance career

A contract of marine insurance is an agreement whereby the insurer undertakes to indemnity the assured in a manner and to the extent thereby agreed, against marine losses, that is, the losses incidental to marine adventure. There is a marine adventure when any insurable property is exposed to marine perils.

Marine perils also known as perils of the seas, means the perils consequent on, or incidental to, the navigation of the sea or the perils of the seas, such as fire, war perils, pirates, robbers, thieves; captures, jettisons, barratry and any other perils which are either of the like kind or may be designed by the policy.

Social insurance has been developed to provide economic security to weaker sections of the society who are unable to pay the premium for adequate insurance. The following types of insurance can be included in social insurance Sickness Insurance: In this type of insurance medical benefits, medicines and reimbursement of pay during the sickness period, etc.

Economic assistance is provided to dependants of the assured in case of death during employment. The employer can transfer his such liability by getting insurance policy against employees. There is provision for compensation in case of total or partial disability suffered by factory employees due to accident while working in factories.

According to Employees Compensation Act, the responsibility to pay compensation is vest with the employer. But the employer transfers his liability on the insurer by taking group insurance policy.

In case insured person becomes unemployed due certain specific reasons, he is given economic support till he gets employment. In india Unemployed Youth population Increasing.

In this category of insurance, the insured or his dependents is paid, after certain age, economic assistance. To provide security against such hazards, many other types of insurance also have been developed. The important among them are: Personal accident insurance by paying an annual premium.

Burglary insurance — against theft, decoity etc. Legal liability insurance insurance whereby the assured is liable to pay the damages to property or to compensate the loss of personal injury or death. This is in the form of fidelity guarantee insurance, automobiles insurance and machines etc.

Crop insurance crops are insured against losses due to heavy rains and floods, cyclone, droughts, crop diseases, etc. Cattle insurance Insurance for indemnity against the loss of cattle from various kinds of diseases. In addition to the above, insurance plans are available against crime, medical insurance, bullock cart, jewellery, cycle rickshaw, radio, T.

Classification from Risk Point of View From risk point of view, insurance can be classified into four categories:Indiana State University offers more than 75 graduate programs, including master's, educational specialist, and doctoral degrees.

Students also can pursue certificates and licensure programs in concentrated areas of study, enroll in professional development courses, and fulfill continuing education requirements.

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About Indiana State

Choose from more than undergraduate and graduate majors at Appalachian State University, located in North Carolina’s Blue Ridge Mountains.

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Eligibility. To be considered for a BP Community Scholarship, you must meet all of the following criteria: A current high school senior planning to enroll as a full-time student (12 semester hours or more) in an accredited two or four-year college or university in the U.S.

for the - academic year.

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