Various hazards in Aviation Insurance
The hazard of accidental death or injury resulting from participation in aeronautics.
Concept of Liability without Fault” in motor insurance? How Motor Vehicle Act deals with without fault liability?
Sec 140 of Motor Vehicles Act, 1988 deals with the liability without fault. The claimant involved in a motor vehicle accident is not required to prove wrongful act, neglect, or…
The general exclusions under fire insurance policy
There are nine exclusions under the policy. They are:
Concept of Insurable interest in insurance
The requirement of insurable interest gives legal validity to insurance contracts and distinguishes them from wagers. It may be defined as the legal right to insure, where the right arises…
Various Types of alarm systems used for fire fighting
Mechanical device for signalling the occurrence of an unwanted condition, such as a fire, burglary, or the unnecessary activation of a fire-suppression system so that a corrective action may be…
Why Motor Third Party Insurance in compulsory in India
Section 146 of the Motor Vehicles Act, 1988 provides that no person shall use ( except as a passenger), or allow any other person to use, a motor vehicle in…
Perils covered under the Fire insurance policy
The following are covered under the Fire Policy in India :
Customers awareness and Satisfaction – Key factors for successful marketing
"Marketing - A direction towards expansion of business activities A successful marketing - A direction towards progressive and prosperity of the business activities"
Concept of Accident in Insurance
Unplanned injurious or damaging event which interrupts the normal progress of an activity. An accident may be seen as resulting from a failure to identify a hazard or from some…
Provisions under Motor Vehicles Act regarding Transfer of Certificate of Insurance in India
The 1988 Act requires issue of a Certificate of Insurance by the insurers as proof of Third party insurance to satisfy the requirements of Chapter XI of the Act. The…