INSURANCE DOCUMENTS
life insurance are premium receipt, insurance policy, endorsements etc. 2.1 OBJECTIVE After going through this lesson you will be able to zRecall the various documents used in life insurance zLearn the utility of each document. 2.2 NEED FOR INSURANCE DOCUMENTATION Life insurance is a legally enforceable contract between two
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nios.ac.ininsurance. 2.1 OBJECTIVES At the end of this lesson you will be able to know z The concept of insurance z How insurance works z Need of insurance z How the insurance helps the economic development of the country 2.2 NATURE OF INSURANCE: There are three schools of thought, which have defined the nature of Insurance as follows: