Basic Principles Of Life Insurance
Life insurance is based on several basic principles that apply to all types of insurance, and that form the foundation of the insurance contract. Understanding these principles will help one to understand better how life insurance works. Few of the Basic Principles of Life insurance are discussed below.
Life insurance is based on several basic principles that apply to all types of insurance, and that form the foundation of the insurance contract. Understanding these principles will help one to understand better how life insurance works. Few of the Basic Principles of Life insurance are discussed below.
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- Risk Pooling
- Principle of utmost good faith
- The Law Of Large Numbers
- Principle of insurable interest
Insurance Law And Practice - ICSI
Basic Principles Of Life Insurance
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