Bachat Ka Funda

13/06/2025

एलआईसी ने १२ जून, २०२५ को अहमदाबाद में एयर इंडिया एआई 171 विमान दुर्घटना के पीड़ितों के लिए रियायत की घोषणा की

17/05/2025

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16/05/2025

LIC trusted brand in india

12/05/2025

You have heard of the saying Health is Wealth. Have you ever tried to know what Health actually
means? The word Health was derived from the word hoelth, which means soundness of the body

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03/05/2025

one may ask is whether INSURANCE is the only the right solution to all kinds of risk situations?
The answer is NO. Insurance is the best alternative only where the individual can transfer the risk on insurers at a
determined premium.

02/05/2025

LIC 1956 से आज तक: Best Insurance & Investment Plan | भविष्य की सुरक्षा अब पक्की!

30/04/2025

Mutuality in Life Insurance:

Mutuality or the pooling principle plays two specific kinds of roles in life
insurance.

i. The first is its role in providing protection against the economic loss
arising as a result of one‘s untimely death. This loss is shouldered and
addressed through having a fund that pools the contributions of many
who have entered into the life insurance contract.

ii. The principle of risk pooling however goes beyond mortality risk. It can
involve the pooling and evening out of financial risk as well. This is
achieved by pooling the premiums, the funds and consequently the
attendant risks of various kinds of contracts taken by individuals at
different points of time. It is thus a case of pooling among different
generations of policyholders. The outcome of this pooling is to try and
ensure that in good as well as bad times the life insurer is able to pay a
uniform rate of return (a uniform bonus) through smoothing out the
returns across time.

29/04/2025

The philosophy is that one should not make a profit through insuring one‟s
assets and recovering more than the loss. The insurer would assess the
economic value of the loss suffered and compensate accordingly.

28/04/2025

Important terms in insurance....
1. Risk
2. Pooling
3. Asset
4. Burden of risk
5. Risk avoidance
6. Risk control
7. Risk retention
8. Risk financing
9. Risk transfer

27/04/2025

Insurance removes the fear, worry and anxiety associated with one‟s
future and thus encourages free investment of capital in business
enterprises and promotes efficient use of existing resources. Thus
insurance encourages commercial and industrial development along with
generation of employment opportunities, thereby contributing to a
healthy economy and increased national productivity.

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23/04/2025

LIC, India’s largest life insurer, garnered Rs 2,26,669 crore in new business premium for FY25, which includes a record Rs 62,404 crore from individual new business. LIC is the market leader with a 57.05 per cent share in the life insurance business.
Sources indian Express