INSURANCE AWARENESS CAPSULE AND NOTES 2017

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INSURANCE AWARENESS CAPSULE AND NOTES  2017
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INSURANCE AWARENESS CAPSULE FOR NICL AO 

Insurance Awareness is the important Section in General Awareness in Insurance Exams. In NIACL AO and Assistant around 15 questions were asked from this section. Basic Material relating to Insurance Sector for reference by students appearing for competitive examinations in the insurance sector (as on 1 march 2016) Basic Principles of Insurance: Insurance is a contract between Insurer (Insurance Company) who undertakes to protect the Insured(the person whose risk is protected) from potential risks, for payment of a premium and subject to certain conditions. The underlying principles are given below. 1) It is a contract of utmost good faith which means it is the duty of the insured to voluntarily disclose all facts material(relevant, important) to risk covered 2) The proposer or assured (the person who is taking the insurance) should have an insurable interest. Insurable interest financial interest which the assured possesses in what is being insured. If the assured does not have any financial interest then it is a wagering(betting) contract which is void (a contract not valid) under Section 30 of the Indian Contract Act. Compensation is limited by the value of subject matter and extent of insurance coverage. In life insurance contracts the value of human life cannot be measured in money terms. So insurers determine sum assured as a multiple of income of the life insured and remaining productive years. 

INSURANCE AWARENESS CAPSULE AND NOTES FOR NICL AO  2017


Insurance Awareness Notes

Insurance Notes
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50 GK Questions for LIC and NICL
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GA Questions Asked NIACL AO 2016 Mains Exam – 10th January 2017
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Insurance Terms for Insurance Exams
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NICL-AO-2015-Magazine


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Insurance Abbreviation
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Insurance Capsule List

CAPSULE 1
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CAPSULE 2
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CAPSULE 3
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CAPSULE 4
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Aspirants Notes Exam Prep: Banking, IAS, SSC, TNPSC, RRB, Entrance Exam: INSURANCE AWARENESS CAPSULE AND NOTES 2017
INSURANCE AWARENESS CAPSULE AND NOTES 2017
Bank Notes, Capsule, Insurance Notes,
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Aspirants Notes Exam Prep: Banking, IAS, SSC, TNPSC, RRB, Entrance Exam
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