Title: A Study on performance appraisal of life insurance corporation of India with special reference to pudukottai branch-TamilNadu
Abstract: In modern times, life insurance is widely recognized as an important need to every individual to cover the life risk and to provide economic security to the dependent members of the family. Under life insurance, the insured transfers the risk of life by paying an amount to the insurer. The insurance contract by paying an amount to the insurer. The life insurance contract provides that the insurer accept to pay an agreed amount at the time of death to the dependents of the life assured by accepting premium. The amount which is paid by the insured, will be returned as per the terms of contract. Thus, insurance is a social device, where by the uncertain risks of individuals may be combined and security is provided to the people from the fund mobilized through the nominal contribution of its customer’s.
Publication Year: 2013
Publication Date: 2013-03-31
Language: en
Type: article
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