What is Health Insurance?


Definition of Health Insurance: The insurance contract by which an insurer undertakes to pay up to a stipulated amount on account of medical expenses for the insured person or his family is …

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What is Marine Insurance?


Definition of Marine Insurance: Marine Insurance is such an insurance contract by which the insurer undertakes to compensate the owner of a ship or cargo for complete or partial loss at …

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What is Fire Insurance?


Definition of Fire Insurance: The insurance contract in which the insurer undertakes to pay compensation for the loss of property, stock of the insured due to fire against the premium paid by …

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What is Life Insurance?

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Definition: Life insurance is such a contract between an insurer and an insured whereby the insurer agrees to pay a certain sum of money on the maturity of the policy or …

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