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Basic Principles Of Life Insurance

Basic Principles Of Life Insurance

Life insurance is based on several basic principles that apply to all types of insurance, and that form the foundation of the insurance contract. Understanding these principles will help one to understand better how life insurance works. Few of the Basic Principles of Life insurance are discussed below.

Insurance
[Post Image Courtesy of Stuart Miles at FreeDigitalPhotos.net]

  • Risk Pooling
  • Principle of utmost good faith
  • The Law Of Large Numbers
  • Principle of insurable interest

Insurance Law And Practice - ICSI

About Author Mohamed Abu 'l-Gharaniq

when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

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