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Life--General-Insurance-Notes-->View question

Asked On2020-06-01 00:00:00 by:Divyanshu-Changkakoti

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Insurance activity includes concluding and implementing contracts on non-life and life insurance or reinsurance, with the exception of mandatory social insurance.

In relation to the main hazards covered by insurance, insurance is classified into insurance types. Insurance which combines insurance of several types are classified into insurance sub-groups and insurance groups.

Life insurance is insurance which comprises especially insurance for the case of survival, insurance for the case of death, endowment life insurance, life annuity, return of premium life insurance.

Insurance activity may be pursued by insurance companies with suitable status that have acquired a licence to carry out insurance translations and for members of the Management Board, and have appointed a certified actuary.

The activities of insurance brokerage and insurance agency are related to insurance activity.

Answerd on:2018-06-06 Answerd By:SaiKiran

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