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May 24, 2013 Friday, 08:49 Hrs


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Insurance

What is Insurance

Insurance Basics

What is insurance?

Insurance is the only way to protect the economic value of assets and life. It is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance. A policyholder is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium.

What is an asset?

Tangible		Intangible
Home		Earning Power
Car		Training
Jewellery		Experience
Computer		Skills
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Membership & Regn Nos- NSE-Cash/F&O/Currency : INB/INF/INE 231108631;  BSE-Cash/F&O : INB/INF 011108637;  MCXSX - Cash/F&O : INB/INF 261108634, Currency : INE261108631
    MCX : MCX/TCM/CORP/0236;  Member ID : 40415;  NCDEX-NCDEX/TCM/CORP/0982;  Member ID : 01008;  National Spot Exchange : Member ID : 12810
AMFI ARN No.2649;  PMS-INP000003328;  Merchant Banking - INM000010247

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