Page-10 of Insurance Current Affairs, GK & News

What is Bancassurance?

Bancassurance is a term which means selling of insurance products through banks. Various banks and insurance companies enter into a partnership and the banks then sells the company’s insurance products to its clients. It is a win-win situation for both the parties as the bank earns non-interest income in form of fee amount from the ..

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What are Actuaries?

An Actuary is a person who has expertise in the fields of economics, statistics and mathematics and helps in assessing risks and estimation of premiums for insurance firms. Advanced techniques, statistical and analytical skills are needed for evaluating risks and returns related to every proposal. They have a vital role in the operations and profitability ..

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What is Actuarial Science?

Actuarial Science is a discipline which assesses financial risks in both finance and insurance streams with the help of many mathematical principles of probability and statistical methods. The professionals who take up such tasks are known as actuaries. Actuaries are instrumental in helping gauge future uncertainties and financial risks along with providing solutions for the ..

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What is the meaning of ‘Accidental Death Benefit and Dismemberment’?

Accidental death benefit or dismemberment is the extra benefit which is being given to the policyholder in case of his death due to an accident. The benefit of dismemberment is even paid in case of death of the insured person or the latter loses his limbs or his sight during the accident. Furthermore, in case ..

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Apollo Munich Health Insurance Company won “2017 General Insurance Company of Year” at 21st Asia Insurance Industry Awards

Apollo Munich Health Insurance Company has won the ” 2017 General Insurance Company of the Year” award at the 21st Asia Insurance Industry Awards. The Health Insurance Company is a joint venture between Apollo Hospitals Group and the Munich Re Group The award recognises Apollo Munich’s contribution in demonstrating market leadership during the qualifying period ..

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