Treatment of partnership insurance (The Hindu)

Insurance News -
Mon, 10/20/2008 - 01:06

Ours
is a partnership firm. To protect the interest of the firm on the
untimely death of any of the partners while settling his account, an
insurance policy for Rs. 1 lakh was taken in the name of each partner
and the premium is being paid by ...

Categories: Insurance, News

Comments

Term Insurance Policy

Term policy - It is the purest form of life insurance at the lowest cost. The policy keeps the insured person in the protection net for a specific term as decided by you (normally 5, 10, 15, 20 25, 30 Years). If the insured person passes away, his nominee would receive the insured amount ( Sum Assured, decided for the premium paid when the policy was taken). You can decide the amount (sum assured) which you want your family to receive if some unfortunate incident happens to you. In case you survive the term; you may or may not receive any maturity amount depending on the option chosen by you in the beginning. It has two options- Cover with return of Premium- If the insured person survived the term then premiums paid throughout the term for the life insurance cover are paid back as a maturity benefit. The maturity may or may not include the bonus (depending upon the plan chosen by the Insured). For example- Rs 9000 for a 10 Lac cover for 10 year Term. Cover wi...

What is an SR22 ?

Most people have little or no clue how to go about getting SR22 insurance after getting their driver's license suspended. In fact, some haven't even heard of it until after getting their licenses revoked due to causing a car accident without carrying insurance, had been pulled over for drunk driving, or has had too many unsettled traffic tickets. If you are in a similar situation, here are some very important information if you need to know what is an SR22. What Is An SR22? It is simply a form submitted by an auto insurance company, in the driver's behalf, to the state DMV or Department of Motor Vehicles, and is the part of the initial process to get your driving privileges reinstated. This form is also a way for the state to monitor the driving behaviors of risky motorists and ensures everyone's protection by requiring this drivers to carry enough car insurance coverage. How Do I get One? You must find an authorized car insurance company to file this form for you. Asi...

Kotak Life Insurance

Kotak Mahindra Bank Ltd. - The Kotak Mahindra Group's flagship company, Kotak Mahindra Finance Ltd that was established in 1985, was converted into a bank - Kotak Mahindra Bank Ltd in March 2003 becoming the first Indian company to convert into a Bank. It's banking operations offers a central platform for customer relationships across the group's various businesses. The bank has a presence in the Commercial Vehicles, Retail Finance, Corporate Banking, Treasury and Housing Finance. Kotak Mahindra Capital Company Ltd. - Kotak Investment Banking (KIB) is India 's premier Investment Bank. Kotak Investment Banking (KIB) and Kotak Institutional Equities represent the securities business of the Kotak Mahindra Group (KI), Kotak Investment Bank is a full service Investment Bank bringing to its clients the global reach and the local knowledge and skills of Kotak Mahindra. As a full service Investment Bank, Kotak Investment Banking's core business areas include Equity Is...

India Insured

Search This Blog