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66Terms Used in Insurance
1. Re-Insurance The insurance company gets a part of the risk insurance with another insurance company. In order to avoid heavy financial loss, this is known as Re-Insurance. This provision does not affect the position of the original...
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90FACTORS WHICH INFLUENCE THE PRICES OF SHARES
The factors which influence the prices of stock exchange are as follows: 1. Demand and Supply The forces of demand and supply determine the prices of securities. If a particular security is available in abundant supply, it will sell at...
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77Marine Insurances
MARINE INSURANCE Marine Insurance is the oldest known type of insurance. It is a contract of indemnity in which the under write agrees to compensate the insured against specified perils in consideration of certain premium. Some writers define...
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75Fire Insurance Coverage
FIRE INSURANCE Fire insurance is a contract by which the insurance company agrees on payment of premium to indemnify the insured, up to an agreed amount, against financial loss bye fire which may arise...
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86Difference between life, fire & Marine Insurance
Life assurance differs from the fire and marine insurance in the following respects: Distinction point between, Life assurance, Fire Insurance & Marine Insurance respectively !!! 1. Nature of contract ...
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81Importance of Insurance
ADVANTAGES OF INSURANCE 1. Removal of uncertainties Insurance company takes the risks of large but uncertain losses in exchange for small premium. So it gives a sense of security, which is real gift to the business man. If all...
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78TYPE OF MARINE INSURANCE POLICIES
The major types of marine insurance policies are 1. Time policy A time policy is taken for definite period of time, usually not exceeding 12 months say from January 1, 1981 to December 31, 1981. This policy is most suitable for hull...
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75Why a Muslim Woman Can't Travel Alone????
In the Name of Allah the Most Merciful… I was not going to write this hub but the credit of writing this hub for readers goes to my Sister, who asked me a question; and trust me, when I read the question I felt that same like my Sister there are...
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65Unethical Behaviors of Warid
Unethical Behaviors of Warid Tel Pakistan It was Launched in Pakistan in 2004 In their promotional messages to their customers; they don’t mention that this is either new package offered or VAS (Value added service) which can ...
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85Process of Buying Selling Shares
PROCEDURE OF BUYING AND SELLING OF SHARES There are following three steps of buying and selling of shares in the stock exchange: 1. Inquiry about the prices. 2. Preparation of contract note. ...
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