~™ TAK eens eaters HID COTATI NAOT aN ey in, Mee, My dover re dent the share OF CONTDUT ON val nage a hone qabas ihre pacer eed oe! pat OOMPENAAHONS Coalh The premium ts determine fever thee res an the CLASS above. but with some furty wwe ow her ave business is classified primarily 4. woe includes all risks rela eu te h © any ace covers the rest. Gener, hives aling with all fire rel In Icha er Late onsen genera! teens dante arn 17 woth all rangent all others hhe habe aviaton. personal acendent and general insura Fire ide. ity, fidelity, MOLOF, COP, engines ous eg sete), Personal accident aad cone tat in beings, is classified ay “py, Wkness Mey, OD-lifer Nur, which are related to hum in many other countries. What jx a nie asualty” ON-Lifes ta Casualty’ in some other countries Mf ining re ssclassified as “hfe”. termed ‘Property and In India. the IRDA has, 10 2005, issued Regulations insurance (broadly meaning insurance for small Sumy actin $0 thousands) to be done by both life and general insure, Ssured A policy may be issued by a life imsurercon the basi, erin, mutual tie-ups. / and non-life risks. but premium on account of the non-life bu oth ie Sines wily be passed on toa general insurer and the claim amount coll, latter Details are discussed in a later chapter. Scted from the Micro, C5 The premium for insurance is based on expectations of the lo. expectations are based on studies of occurrences in the past aa u le Use of