What is the importance of insurance planning?
What is the importance of insurance planning?Here's how: Health insurance helps pay your bills should you develop certain illnesses or...
HEALTH
What is health plan?
What is health plan?A Health Plan (also known as mediclaim) is basically a health cover that covers the cost incurred...
What are the three principles of insurance?
What are the three principles of insurance?Answer Principal of Utmost Good Faith. ...Principle of Insurable Interest. ...Principle of Indemnity. ...Principle...
What does an insurance policy cover?
What does an insurance policy cover?Insurance coverage is the amount of risk, liability, or potential loss that is protected by...
What are the steps to take in insurance management?
What are the steps to take in insurance management?How does a risk management process work? Identify risks to your business....
What is an insurance policy called?
What is an insurance policy called?An insurance policy – also called a contract of adhesion (yeah, like glue) because you...
How do you handle risk in insurance?
How do you handle risk in insurance?The basic methods for risk management—avoidance, retention, sharing, transferring, and loss prevention and reduction—can...
What does RCC stand for in insurance?
What does RCC stand for in insurance?Replacement Cost Coverage — a property insurance term that refers to one of the...
What are the 5 parts of an insurance policy?
What are the 5 parts of an insurance policy?Every insurance policy has five parts: declarations, insuring agreements, definitions, exclusions and...
What does CR mean in insurance?
What does CR mean in insurance?1. 1. A combined ratio (CR) is the measure of underwriting profitability in insurance, calculated...
