Insurance types The broad classification of insurance types is shown in the following diagram. 1. Life Insurance: It is a contract where the insurance company… Read More »Types of Insurance? Life Insurance and General Insurance
Insurance Functions The insurance functions can be divided into three parts: 1. Primary Functions 2. Secondary Functions 3. Other Functions Primary functions 1.Provide protection: The primary… Read More »Functions of Insurance & Characteristics of Insurance Contract
Concept / Definition of Insurance Insurance may be defined as a device in which a sum of money as premium is paid by the insured… Read More »What is the Concept of Insurance?
Concept of NPA An asset is classified as non-performing asset (NPA) if dues in the from of principal and insert are not paid by the… Read More »What is NPA? (NON PERFORMING ASSETS)
The Banking Ombudsman Scheme is an expeditious and inexpensive forum for bank customers for resolution of complaints relating to certain services rendered by banks. The… Read More »What is Ombudsman Scheme for Banks?
Nationalization of Banks completed in Five phases as follows: The growth of banking sector was very slow during the first phase and banks also experienced… Read More »Phases of Nationalization Indian Banks
Nationalization of Banks The year 1949 marked the beginning of a new era in the economic history of India. It was the beginning of a… Read More »Nationalization of Banks in India:Objectives
The banking regulation act 1949 extends to the entire nation. Other acts are used as secondary to this act e.g. negotiable instrument act, Companies Act… Read More »What is Banking Regulation Act,1949?
There are many plastic money types, All debit and credit cards are comes under plastic money types. Here we have several plastic money cards. Plastic… Read More »Plastic Money Types
Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. Plastic money was introduced… Read More »What is Plastic Money? Uses and Limitations