Search found 264 matches

by Mayank
17 Feb 2019, 08:39
Forum: Daily Dose
Topic: Definition of 'Indemnity'
Replies: 0
Views: 72

Definition of 'Indemnity'

Definition:  Indemnity means making compensation payments to one party by the other for the loss occurred. Description:  Indemnity is based on a mutual contract between two parties (one insured and the other insurer) where one promises the other to compensate for the loss against payment of premium...
by Mayank
16 Feb 2019, 09:09
Forum: Daily Dose
Topic: Bancassurance
Replies: 0
Views: 104

Bancassurance

Definition:  Bancassurance means selling insurance product through banks. Banks and insurance company come up in a partnership wherein the bank sells the tied insurance company's insurance products to its clients. ​ Download our App for daily notifications ​​​​​​ Description:  Bancassurance arrange...
by Mayank
15 Feb 2019, 23:17
Forum: Actuarial Discussions
Topic: Good news for The Actuarial Club!
Replies: 4
Views: 391

Good news for The Actuarial Club!

I would like to share another good news beneficial for all of you! We had a discussion with an Actuary and he is a great person, having great experience and too active on Insurtech front. He is ready to give in some of his time weekly, if possible but will be sharing his thoughts on our Forums very ...
by Mayank
15 Feb 2019, 09:23
Forum: Daily Dose
Topic: What is 'Proposal Form'?
Replies: 0
Views: 96

What is 'Proposal Form'?

Definition: Proposal form is the most important and basic document required for life insurance contract between the insured and insurance company. It includes the insured's fundamental information like address, age, name, education, occupation etc. It also includes the person's medical history. Desc...
by Mayank
14 Feb 2019, 08:06
Forum: Daily Dose
Topic: Premium payment term/mode/ frequency
Replies: 4
Views: 308

Re: Premium payment term/mode/ frequency



shreyanshh wrote:Also, I would like to understand more deeply.

Sent from my S6s using Actuarial Info mobile app


Will try to cover it up on Insurology, until then you can refer this
Livemint article explaining in details

Sent from my LLD-AL10 using Actuarial Info mobile app


by Mayank
14 Feb 2019, 08:03
Forum: Daily Dose
Topic: Premium payment term/mode/ frequency
Replies: 4
Views: 308

Re: Premium payment term/mode/ frequency



shreyanshh wrote:Does the regular premium throughout the policy really exists for any policy?

Yes it does. And LIC also have policies going to term of 35 years! They may be term as well as the whole is not the only option we have..

Sent from my LLD-AL10 using Actuarial Info mobile app

by Mayank
14 Feb 2019, 07:48
Forum: Daily Dose
Topic: Definition of 'Adverse Selection'
Replies: 0
Views: 91

Definition of 'Adverse Selection'

Definition: Adverse selection is a phenomenon wherein the insurer is confronted with the probability of loss due to risk not factored in at the time of sale. This occurs in the event of an asymmetrical flow of information between the insurer and the insured. Description: Adverse selection occurs wh...
by Mayank
13 Feb 2019, 09:42
Forum: Daily Dose
Topic: Premium payment term/mode/ frequency
Replies: 4
Views: 308

Premium payment term/mode/ frequency

You can pay the life insurance premium as per your convenience. Regular Premium Payment - You can pay premium regularly throughout the policy term either – monthly, quarterly, half-yearly or yearly. Limited Premium Payment – You can choose to pay the premiums for a limited amount of time. In this op...
by Mayank
10 Feb 2019, 22:41
Forum: Actuarial Discussions
Topic: Certification vs Skills
Replies: 4
Views: 209

Re: Certification vs Skills

If the certification is of some recognized institution such as IVY professional school or data camp, it may make our resume look good. But in the interview, they will for sure test us so that our real skills come into play. So, i think the certifications may add some value to the resume but i don't...
by Mayank
01 Feb 2019, 01:42
Forum: Daily Dose
Topic: How to perform sorting on ms excel and its purpose
Replies: 3
Views: 297

Re: How to perform sorting on ms excel and its purpose

Select two cells and use Ctrl+SHift+L and see wonders!