The National Insurance Commission is set to begin the enforcement of third party insurance on owners/operators of motorcycles nationwid...

Life insurance is an agreement that is executed between an insurer and an insurance company; Where insurance companies guarantee that the...

Health insurance is insurance to meet the medical costs of a person. According to estimates of health risks and health related expenditur...

Insurance is the right and specific risk transfer of possible losses of life, property or goods in exchange for money. Through this, the ind...

Insurance of Property As stated before, property insurance refers to Insurance that provides covers for property against the risk of d...

Reinsurance After an insurer has already undertaken to cover risk, he may insure the same subject matter with another insurance company....

PROPOSAL FORM A proposal form is the first document from the insurer to any person proposing to buy an insurance cover. It requires th...

AVIATION INSURANCE Aviation operations are required to comply strictly to the prescribed minimum limits of aircraft operators by the F...

RIGHTS OF INSURER ON PAYMENT When then insurer pays for a total loss, he is entitled to whatever remains of the subject matter insured...

Apart from life and personal assurance policies, all insurance policies are contracts of indemnity. Indemnity as a basic principle of ...