Education

DEPTH OF STOCK EXCHANGE MARKET : 2024 UPDATES Is the market which deals with the purchase and sale of already issued security such as share, bonds, etc.  BROKERS Are the people who buy and sell share on behalf of others. Anybody wishing to buy a share must approach a broker, who will brief him on various matter and offer free …

LIST TYPES OF INSURANCE RELEVANCE TO MARKET Insurance can be divided into two main parts; 1. Assurance/ Life Insurance 2.General Insurance ASSURANCE/LIFE INSURANCE Refers to Insurance against human life i.e -Death -Old age for specific years POLICY UNDER LIFE INSURANCE Endowment policy The money is paid to his relatives at his death or when the period expected whenever is earlier. …

PRINCIPLES OF INSURANCE EXPLAINED 2024 The system of insurance depends upon certain doctrine (principles) which both the Insurer and the Insured are required to obey. These are; Indemnity Insurable interest Utmost good faith (Uberrimae fidei) Proximity cause Subrogation Contribution Indemnity This principle requires that the compensation given to  the Insured should only restore him to the exact financial position he was …