Friday 23 March 2012

DIFFERENT RISK IN INSURANCE

* THE LIFE INSURANCE BUSINESS DEALS WITH RISKS RELATED TO HUMAN LIFE LOSSES TO CREATE CIRCUMSTANSES are mainly two, DEATH AND OLD-AGE. SAFE does not prevent either. CONSEQUENCES CAN MITIGATETHE in these circumstances.
* HUMAN IS ALOSOMRUN STIKNESS, accidents and unemployment. THESE ARENOT securable LIFE INSURANCE. STIKNESS and accident risk. Including disability,are insurable AS fringe benefits, called riders, UNDER THE LIFE INSURANCEPOLICY. This is explained LIFEINSURANCE CHAPTER ON PRODUCTS.
* As a rule, the risk is managed in three ways, VIZ ..
* Prevent or avoid
* Retention
* TRANSFER

* Death and old age can not be prevented at all. ACCIDENT, AND MAY ALSOUNEMPLOYMANT STIKNASS AVOIDABLE Despite being CAREFUL. Accident canbe caused by someone else being negligent.

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