Review On Denationalisation Of Insurance Business With Special Reference To Legal Aspect

Abstract

Insurance plans are beneficial to anyone looking to protect their family, assets/property and themselves from financial risk or losses. Insurance plans will help you pay for medical emergencies, hospitalization, contraction of any illnesses and treatment, and medical care required in the future. It's a contract where one party (Insurer) undertakes in return of an agreed consideration (premium) to pay the other party (Insured) a sum of money or its equivalent in the happening of a specified event which event invariably happens in the
future. In this article, review on denationalization of insurance business with special reference to legal aspect has been discussed.