Insurance

Introduction

Adds the means by which insurance fee (called a premium) says the risk of loss by the other side (bimakar or insurer) can be put on the risk of bimakar is inserted on the sideit says ' insured '. bimakar is usually a company that insured loss or damage to sharingand in doing so he is capable of.

The insurance contract between the insurer and the insured in the fact that contains a fixed amount of the insurer the insured (premium) in Exchange for a certain eventoccurs (such as a certain age in the event of termination or death) gives a fixed amountor insured risk does the actual loss resulting from compensation.

Think about the basis of insurance suggests that insurance is a kind of cooperation thatall insured people, who may be a victim of risk premium paid while some of them just a few (very few) raise damage only, which really, is compensated in fact is more likely to risk the number of people in a certain period, but only some of them is a loss to theinsured the insurer (company). Insured losses remaining sides the sides sharing works.

Insurance may be what position?

In the two-person gaming or stake that compromise that masters event to occur onthe second person will play, but her insurance funds so cannot be said because if you do not own the event occurs or an independent interest in the stake is not leveling.astu, elements of general contract of insurance contracts as well as bimahit (InsurableInterest) must exist. for example, a life insurance is no stranger to person b Notbecause a survival or not is not an independent interest in live b. but if the wife of a b csurvival lies in the interest of the b-b will make a life insurance by niyamanukul.

Insurance interest means comprehensive. husband and wife against each other in the interest of survival is so obvious as Mahajan's interest in the life of the Levantine. repeated similar property insurance is only valid for bimahit. that it is the owner of the property interest that person also becomes available, which is a property available under a contract that wasn't enough.From being mere, assets seized, even if it is illegal to capture, bimahit becomes available. for example, if a divalie is a property in possession of her, even though he has the authority for negotiating auto Illegal because bankruptcy after all her property gets the right officer at abhihastankini-but the property insurance to the officer that is assumed to be divalie. the basis of a contract arising interest insured by liability or interest can be both. for example, when someone takes a House to rent the houses is not a responsibility of the well-armed but because the tenant of that agreement Security feature is upralabdhi so that even for the insurance protection housing tenant insurance interests becomes available.

Insurance contracts to insure the validity of the said contract required interest toankane is, to follow the rules of compensation even if it is necessary. in this regard, theEnglish method (rule) and has a few differences in the method according to the Englishlaw. (sea insurance law 1906 and life insurance law 1774) agopya interest must exist:indeed. but no Indian in Indian law contract law according to section 30 as gamblingOr bet stake etc. are illegal contract agreement because the existence of bimahitindeed: not available but be reasonable based on the validity of the insurance contract,even if hope is enough.

Insurance contract is the second major base harmony and candor. therefore it is necessary that both sides (insurance Integrator carnevale and insurance) insurancerevealed all the facts the thematic. revealed that intentionally mean to some not behidden if not an abstract fact revealed the second side can get rid of the said contract.

In this regard also has some differences in English and Indian law rules. According tosection 45 of the law of Indian insurance life insurance foul intentionally andunintentionally, by the desire to be a galtabyani, it has been considered forgivable butnormal mode (English law) according to inadvertently affect the contract also gives agaltabyani.

Types of insurance anubandhon

Insurance contract can be divided into two types of categories are the responsibility of compensation which they contract and the question of the purpose of the compensation which they would not have to pay a certain amount of agreement. compensation thematic insurance can also be samudriya (marine insurance) and gairsamudriya also sent abroad by sea earlier example. that will insure security and other similar example is agnibhay or motor insurance indemnity contract Fill in only if the damage is more than one object of insurance Locations (insurance institutions) in the amount of insurance available to indemnify carnival. Yes, those insurers are sure are part of the payoff money. this principle of indemnity agreement does not apply to life insurance and accident insurance. it does not apply to life insurance and accident insurance. therefore life insurance and accident insurance is insurance for any money carnival (for Europe