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I got 79th rank pondicherrry university cet for MBA...it offers 5 different courses in MBA like banking and technology,tourism,

Minshul Gupta 10th Jun, 2018

ok i understand yuour information but please provide me the exact information that what you want to know. please provide me more information. all the best. have agreat future ahead.

164 Views

nlu school of insurance jodhapur

Jasleen Kaur Taneja 5th Jun, 2018

Hi Aniket,

Even though your query is not clearly specified, i'll brief you on the application process to this school. NLU- School of Insurance Studies is accepting the completely filled application form till June 15, 2018. You can either buy the form and brochure for Rs.2000 or download the form online and submit it along with a DD of Rs. 2000 enclosed. You'd have to submit the important documents which makes you eligible for admission by September 30, 2018.

Hope this helps.

151 Views

What is insurance

shreyapandey96 Student Expert 11th Mar, 2018
Hello Sanjay!

Greetings.

Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.

An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter. A person or entity who buys insurance is known as an insured or policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or preexisting relationship.

The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured. The amount of money charged by the insurer to the insured for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. The insurer may hedge it's own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risk, especially if the risk is too large for the primary insurer to carry.

There are two types of Insurance- Life and Non - Life which is also known as General.
In life Insurance, we have protection against life of a person. In general insurance, all other things other than life are covered like vehicles, property, education, health etc.

I am student from Banking and Insurance stream, you can ask me further queries related to this.

I hope this helps!

133 Views

What is deadline of application for national insurance academy? please mention date.

manisha.gupta 19th Jan, 2018

The last date to apply for National Insurance Academy is 15th March, 2018. For further you can check the eligibility you can go through with the given below link.

NIA Admission

Good Luck!

396 Views

bsc ACTUREAL SCIENCE scope

manisha.gupta 29th Sep, 2017

Actuarial  Science is the discipline that applies mathematical and statistical  methods to assess risks in insurance and finance industries. Actuaries  are experts in analyzing financial impacts of tomorrow’s uncertain  events.

Actuarial science has a lot of scope. An actuary is considered to be a mix of a statician, mathematician and an economist.

 

Actuaries in India can work in the following areas:

  • Life Insurance
  • General Insurance
  • Health Insurance
  • Reinsurance Companies
  • Pension Funds
  • Consultants
  • Investments

Good luck!

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