Licentiate Exam - IC 02 Practice of Life Insurance Exam - Important Points
Page 1 Of 42
Go to:
Basic Insurance Concepts- An organisation is a legal entity which is created for some activity or to achieve some purpose.
- In the case of life insurance, the insurer agrees to pay the insured or their heirs, a certain sum of money on death or on the happening of an event dependent upon human life, in consideration of premiums paid by the assured.
- The primary objective of Life Insurance Companies is to spread life insurance widely and to maximise mobilisation of people's savings.
- Mortality studies reflecting the experience of Indians are made by the Mortality and Morbidity Investigation Bureau (MMIB)
www.realsoftinfoplan.com