INSURANCE

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Insurance (definition, meaning) Is an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium a thing providing protection against a possible eventuality ....Read More....

How to choose best Insurance Policy ? look for the best priced package that is right for you prices can vary from one insurance company to the next And make sure you know what you want Get working knowledge of company reputation in ....Read More...

Principles (How insurance companies operates) Insurance involves pooling funds from many insured entities (known as exposures) to pay for the losses that some may incur The insured entities are therefore protected from risk for a fee, with the fee being dependent upon the frequency and severity of the ...Read More....

Regulator of Insurance Companies of Nepal BEEMA SAMITI (INSURANCE BOARD) OF NEPAL Background Beema Samiti (Insurance Board) is the Insurance Regulatory Authority of Nepal word 'Beema' means 'Insurance' and 'Samiti' connotes 'Board' therefore Word 'Beema Samiti' is synonymous to  ...Read More.....

Types of Insurance Policies There are several type of Insurance Policy available in the market Choose the best policy as per your requirement Review insurance company background before you ....Read More....

Claims in Insurance Insurance premiums from many insured's are used to fund accounts reserved for later payment of claims Claims may be filed by insured's directly with the insurer or through brokers or agents .....Read More....

How Insurance Companies Set The Premium Amount And Selects The Insurance Scheme/Plan At the most basic level, initial ratemaking involves looking at the frequency and severity of insured perils and the expected average payout resulting from these perils ....Read More....

How Insurance Companies Make Money By underwriting :- the process by which insurers select the risks to insure and decide how much in premiums to charge for accepting those risks By investing the premiums they collect from insured parties By using actuarial science :- actually this is not the way  ....Read More...

Marketing Strategy of Insurance Companies Insurance companies often use insurance agents to initially market or underwrite their customers Insurance Agents can be of two types 1) captive :- they write only for one ....Read More....

Contents Of Insurance Contract Generally, an insurance contract includes, minimum, the following elements identification of participating parties (the insurer, the insured, the beneficiaries) the premium the period of coverage ....Read More...

Types of insurance contracts that seek to indemnify an insured As per insured's view, the result is usually the same in all types of insurance contracts, i.e. the insurer pays the loss and claims expenses Types of Insurance contracts a "reimbursement" policy :- If the Insured has a "reimbursement" ....Read More....

INSURANCE COMPANIES IN NEPAL

Terms with their meaning used in Insurance Insurance policy :- An entity (an individual, corporation, or association of any type, etc.) seeking to transfer risk becomes the 'insured' party once risk is assumed by an 'insurer', the insuring party, by means of a contract, called an insurance policy ....Read More....