Insurance and investment
 
Category: Insurance and investment
chi-square test is applied to test the goodness of fit, to verify the distribution of observed data with assumed theoretical distribution. Therefore it is a measure to study the divergence of actual and expected frequencies; karl pearson’s has developed a method to test the difference between the theoretical (hypothesis) & the observed value.
1238 days ago
 
we are still passing through a phase of retarded growth which is attributable to low awareness of insurance as a concept, adverse selection of risk due to people insuring at an advanced age, and the conservative approach of insurers towards pricing due to limited availability of statistical data.
1238 days ago
 
The Insurance Act 1938 doesn’t define the insurable interest but it has been defined as follows by Mac-Gillivray “Where the assured is so situated that the happening of the event on which the Insurance money is to become payable
1238 days ago
 
Annuity for life with a provision of 50% of the annuity to spouse for life on death of the annuitant.
1238 days ago
 
Every one is deemed to know the law. Overloading of goods carrying vehicles is legally banned. The transporter can not take excuse that he was not aware of this provision.
1238 days ago
 
Risk Management is “A systematic way of protecting the concern’s resources and income against losses so that the aims of the business can be achieved without interruption”. The management of safety risk is focused on prevention and mitigation of harm.
1238 days ago
 
Issuance of this form does not amount to admission of any liability of under the policy on the part of the Insurers Please give the following information correctly and completely to enable us process your claim promptly.
1238 days ago
 
Motor insurance gives protection to the vehicle owner against damages to his/her vehicle and pays for any Third Party Liability determined as per law against the owner of the vehicle. Third Party Insurance is a statutory requirement.
1238 days ago
 
Preparation of a questionnaire directed to all insurance companies in order to collect primary relevant information
1238 days ago
 
Reaction Equilibrium Phase equilibrium: adsorption/desorption
1238 days ago