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A television commercial by a leading insurance company shows a financial adviser being hounded by a devil-like creature who disappears when the adviser continues to give the right advice to the prospective client and not cut corners. A couple of years back, another leading insurer had launched a ca
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sonali
Name25-Apr-2014
Name874
Name
0

The government has spelt out the foreign investment regime for the insurance sector, specifically providing that foreign investment will include portfolio investment and investment by non-resident Indians. The earlier regime allowed up to 26% foreign direct investment (FDI) in the sector through the
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CA. Sanjeev Soni
Name04-Mar-2014
Name547
Name
0

A fire insurance is a contract under which the insurer in return for a consideration (premium) agrees to indemnify the insured for the financial loss which the latter may suffer due to destruction of or damage to property or goods, caused by fire, during a specified period. The contract specifies th
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Engg. Ashok Khurana
Name11-Dec-2013
Name836
Name
0

The policy known as deterioration of stock insurance or stock spoilage insurance is a form of consequential loss cover granted in the engineering department for stocks contained in large cold stores. The cover is against the risk of deterioration and contamination following breakdown of the refriger
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sonali
Name27-Nov-2013
Name834
Name
0

MANAGEMENT The property of a manufacturing concern depends largely upon the management of the factory . if the management is bad the profits are not so large as they should be and in the worst example the business would fail. Good layout whereby the raw material enters at one end of the factory trav
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sonali
Name23-Nov-2013
Name808
Name
0

MUMBAI: General insurers in India are planning to break free from the custom of filing a product and then selling it to big corporates, as that cripples the freedom to tailor a product that would suit a company. The General Insurance Council, a representative body of non-life insurers, includin
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Engg Dijo Mathew
Name22-Nov-2013
Name723
Name
0

Third party insurance cover - The third party liability covers you from any damage to third party who is at your fault; it covers damage, injury, death of a person caused by you. 1. What is third party insurance cover? The third party liability covers you from any damage to third party who is
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Engg Dijo Mathew
Name22-Nov-2013
Name653
Name
0

POWER TRANSMISSION Power is defined as all power , it is the rate performing work so much work done in unit time. The customary unit is horse power which represents 33000 foot pounds per minute . when mechanical work of any kind has to be done some prime mover must be provided. A prime mover is a pr
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Engg Dijo Mathew
Name21-Nov-2013
Name830
Name
0

REINSTATEMENT VALUE POLICIES A Reinstatement value policy is issued on the fire policy form with a reinstatement value clause incorporated therein. This policy which is issued only in respect of building or plant and machinery differs from the fire policies A and b and C in the basis of settlement&n
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sonali
Name16-Nov-2013
Name769
Name
0

A contract of fire  insurance is a contract of indemnity. The insurers undertake, by the payment of a sum of money , as nearly as possibly to place the insured In the position . the two parties to the contract of insurance would not have a common interest in the preservation of the subject matt
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Engg Dijo Mathew
Name12-Nov-2013
Name853
Name
0

  The function of an air moving equipment is to remove vapors, dusts and waste materials of all kind through ducts with the help of air. They may be either of pressure or exhaust type. The hazard of such a system lie in the possibilities of the conveyed combustible materials being ignited by sp
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Engg Dijo Mathew
Name01-Nov-2013
Name579
Name
0

FINSHING AND CLEANING PROCESSES Most industrial and commercial goods are required to be given a finish after their manufacture. This is specially required in case of wooden and iron or steel articles. The finishing materials used generally are paints varnishes lacquers, enamels and the like. In many
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Engg Dijo Mathew
Name30-Oct-2013
Name824
Name
0

INDUSTRIAL FURMACES These are used to supply heat that may be required for manufacture of various types of industrial or consumer  goods. They may be first by solid fuels oil or gas or they may be of electric types. Depending on the temperatures at which may operate they may be categorized int
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Engg Dijo Mathew
Name28-Oct-2013
Name634
Name
0

Exposure hazard is regarded as that due to contiguity or closeness of the exposed property of the exposed property to adjoining or neighboring premises or building from which a fire may spread and or loss or damage from fire, smoke . heat , water or breaking may be sustained . many properties have b
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Engg. Ashok Khurana
Name26-Oct-2013
Name961
Name
0

The term fire hazard includes not the causes of fires which are sometimes called originating hazards but also those circumstances which increase the probability of a fie occurring or which enable or permit fires once started to spread and increased the loss. the loss would still have been negligible
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sonali
Name19-Oct-2013
Name830
Name
0

TARIFF ENDORSEMENTS   Reference to the supplementary covers has been made earlier while discussing the construction phase insurances. the tariff for rating of project insurance provides endorsement wordings for each such individual covers along with other applicable endorsements. These endorsem
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Varun
Name18-Oct-2013
Name889
Name
0

Reference to the supplementary covers has been made earlier while discussing the construction phase insurances. the tariff for rating of project insurance provides endorsement wordings for each such individual covers along with other applicable endorsements. These endorsements are reproduced below w
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CA. Sanjeev Soni
Name18-Oct-2013
Name769
Name
0

Reference to the supplementary covers has been made earlier while discussing the construction phase insurances. the tariff for rating of project insurance provides endorsement wordings for each such individual covers along with other applicable endorsements. These endorsements are reproduced below w
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Engg. Ashok Khurana
Name18-Oct-2013
Name796
Name
0

  The term fire hazard includes not the causes of fires which are sometimes called originating hazards but also those circumstances which increase the probability of a fie occurring or which enable or permit fires once started to spread and increased the loss. the loss would still have been neg
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Engg Dijo Mathew
Name17-Oct-2013
Name742
Name
0

POWER EQUIPMENT The term power equipment include generation , motors, rotary convertors, rotary balance, rotary condensers, phase advancers frequency changes and any other rotating electric machinery and dry or mercury rectifiers. All electric equipments shall be securely mounted on the sur
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Engg. Ashok Khurana
Name17-Oct-2013
Name740
Name
0

The term boiler is loosely applied to any type of steam generating apparatus but strictly specking the word only refers to that part in which water is actually evaporated. Boiler systems are classified in a variety of ways. They can be classified according to the end use, such as foe heating, power
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Engg Dijo Mathew
Name16-Oct-2013
Name1001
Name
0

The Insurers shall indemnify the Insured -named as Principal (Owner) in the Schedule of this Policy - in respect of the loss of gross profit actually sustained due to the reduction in turnover and the increased cost of working as defined in this Policy, if at any time during the period of insurance
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CA. Sanjeev Soni
Name12-Oct-2013
Name926
Name
0

Whereas the insured named in the Schedule hereto by a proposal and declaration which shall be the basis of this contract and is deemed to be incorporated herein has applied to the Liberty Videocon General Insurance Company Limited. (hereinafter called the ‘Company’) for the insurance her
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sonali
Name12-Oct-2013
Name744
Name
0

PROPOSAL FORM A life insurance company offers a policy on the basis of a proposal form. The form is the most basic requirement for the functioning of the life insurance contract between you and the life insurance company. It needs to be completed by the proposer who may seek the assistance of a li
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Engg Dijo Mathew
Name28-Sep-2013
Name862
Name
0

  EXTENSIONS It was seen that insured profit might be dependent upon the continued existence not only of his own premises but also of premises of suppliers or customers. profit insurers are always prepared to extend cover to include interruption which may result from damage at those additional
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Varun
Name26-Sep-2013
Name987
Name
0

                   The underwriting is an important part of any insurance business however most of the times it is neglected by both the insured and the insurers. it may be pointed out that if any discrepancy is found at the time of claim between the
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Varun
Name26-Sep-2013
Name820
Name
0

  there are various clauses can be added to the policies which very useful at the time of any claim. some clauses are available on payable of additional premium while some are free of cost but you have to ensure that it is included in the policy . the various clauses are as follows. CLAUSES AG
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Engg. Ashok Khurana
Name26-Sep-2013
Name846
Name
0

The purpose of insurance as an effective mechanism of protection will loose itsmeaning if the insurance policies do notrespond in full measure in case of claimsbecause of inadequacies in scope of coverage and sum insured. There is thereforea need to properly understand the relation between the inde
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sonali
Name24-Sep-2013
Name791
Name
0

    The claim procedure is explained in the terms and conditions as one of the conditions of the policy but no insured is reading the policy as and when he receives the copy of the policy . at the time of cliam the insured is more worried about the loss and do not intend to read the same
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CA. Sanjeev Soni
Name24-Sep-2013
Name1099
Name
0

FIRE Fire is the rapid oxidation of a material in the exothermic chemical process of combustion, releasing heat, light, and various reaction products. Fire in its most common form can result in conflagration, which has the potential to cause physical
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sonali
Name05-Sep-2013
Name1026
Name
0

  Insurance that is used to cover damage to a property caused by fire. Fire insurance is a specialized form of insurance beyond property insurance, and is designed to cover the cost of replacement, reconstruction or repair beyond what is covered by the property insurance polic
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Engg Dijo Mathew
Name05-Sep-2013
Name855
Name
0

Background:   The programme is designed to focus on the marketing & technical executives’ role in the emerging economic scenario and to give them specific and practical inputs on various aspects of techno marketing with special reference to services marketing. Special emphasis will be
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sonali
Name31-Aug-2013
Name1479
Name
0

Hurricanes, earthquakes, or flooding occur in almost all countries in the world. The government bears the risk in most developed countries in the world. Examples of wholly government-owned schemes are two of the oldest specific disaster insurance schemes, the Spanish comprehensive disaster insur
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Engg Dijo Mathew
Name25-Jun-2013
Name744
Name
0

First nuclear pools were founded in mid-fifties of the 20th Century. The process was tightly connected with the beginning of nuclear industry – strictly speaking with the beginning of private nuclear industry with peaceful utilisation of nuclear energy. In insurance business the word &ldqu
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Engg Dijo Mathew
Name25-Jun-2013
Name668
Name
0

Before 1997, the international liability regime was embodied primarily in two instruments: -the IAEA’s Vienna Convention on Civil Liability for Nuclear Damage of 1963 (entered into force in 1977), and -the OECD’s Paris Convention on Third Party Liability in the Field of Nuclear Ene
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Engg Dijo Mathew
Name25-Jun-2013
Name868
Name
0

Nuclear insurance is insurance carried by companies which work with nuclear reactors, primarily utilities which generate power with the use of a reactor, to protect them from liability claims in the event of a nuclear incident. When a company purchases nuclear insurance, it usually takes out a p
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Engg Dijo Mathew
Name25-Jun-2013
Name2420
Name
0

The Cat pool can function on the lines of terrorism Pool operating in India whereby insurance companies cede the entire premium to the pool and the premium is distributed among the companies based on their participation in the pool. GIC can be appointed as manager to the pool who would decide on t
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Engg Dijo Mathew
Name25-Jun-2013
Name821
Name
0

Nuclear Risk Insurers Limited (NRI) – (originally the British Insurance (Atomic Energy) Committee – and British Nuclear Insurers) was established in 1956 by Insurance Companies and Lloyd’s Underwriters to manage the Pools formed for the insurance of public liability, material dam
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Engg Dijo Mathew
Name25-Jun-2013
Name832
Name
0

If a purely private market in catastrophe insurance is to be viable, it must solve the fundamental problem of the mismatch between the size of annual premiums and the size of the expected loss. This can be done in one of two ways. The premiums can be adjusted to the losses, or the losses can be ad
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Engg Dijo Mathew
Name25-Jun-2013
Name628
Name
0

The governments of different countries are in various stages of responding with organized “plans” that address these market issues. United States of America: In this country, state intervention has been made more urgent because, following the large losses created by hurricane Andre
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Engg Dijo Mathew
Name25-Jun-2013
Name685
Name
0

To drive a motor vehicle in any public place, an effective Driving License is necessary, Effective Driving License means, license issued to a person authorizing him/her to drive a vehicle of that particular category. There are different types of licenses issued by the RTO offices. Here, we will di
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Engg Dijo Mathew
Name24-Jun-2013
Name981
Name
0
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Engg Dijo Mathew
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sonali
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Varun
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Yogesh C. Upadhyaya
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