History of Insurance

Next to understand after Insurance basic knowledge is Stages of Insurance history in crisp.     #      It started from Lloyd’s coffee house London     #      First policy issued in England in 1583     #      It had its origins in the early 19th century with the arrival of British enterprise in India.    ...

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What is Insurance ?

Insurance "To understand and implement proper Insurance Planning, you should be able to grasp the following in the upcoming posts - WHAT IS INSURANCE, HISTORY OF INSURANCE and PRINCIPLES OF INSURANCE". Insurance is based on principles of co-operation. The losses suffered by a few are spread over and shared by many. For example, collecting insurance premium from many people and sharing the loss with one person. Insurance is protection...

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Why do we need Investment Planning ?

We must clearly understand that all that we purchase out of our surplus money is not investment. We also need to understand that what we saving is not totally an investment.  We assume that real estate is always an investment, but when we buy a property for our own use, we can’t treat it as an investment. i.e., buying a house is a real estate deal but is not an investment, if consumed by us.  Likewise, Buying a Vehicle (Car/Motorbike) is...

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Akshaya Tritiya and Gold Buying 2012

Crisp of Akshaya Trithiya As per Hinduism / Hindu astrology and almanac, Akshaya Trithiya, or Akha Teej, is considered as a most auspicious day which falls on the third (Tritiya) day after Amavasai (no moon day) in the Hindu calendar month of Vaishakha / Chithirai. In 2012, the Akshaya Trithiya day starts from 2012, April 23 evening 5:30pm to April 24, 2012. It is considered...

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