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Presentation on Insurance

Presentation on Insurance

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Published by mandy_t06

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Published by: mandy_t06 on Dec 04, 2010
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02/29/2012

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PresentationonInsurance
Presented by -Rupesh ChavanRahul MeherUmesh Gaikwad
 
HISTORY OF INSURANCEHISTORY OF INSURANCE
The origin of life insurance in India can beThe origin of life insurance in India can betraced back to 1818 with the establishment traced back to 1818 with the establishment of the Oriental Life Insurance Company inof the Oriental Life Insurance Company inCalcutta.Calcutta.
The first insurance company insuring IndianThe first insurance company insuring IndianLives at standard rates was BOMBAY Lives at standard rates was BOMBAY MUTUAL LIFE INSURANCE COMPANY whichMUTUAL LIFE INSURANCE COMPANY whichwas formed insurance 1870.was formed insurance 1870.
 
MEANING OF INSURANCE
Insurance, in general terms refers to the practice of guaranteeing asum of money to the owner or possessor of a valuable asset for alimited period of time, to cover the cost of any damage to that assetarising out of any contingency.
In the process of insurance there must necessarily be twopartiesµ
Insurer¶µInsured

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