ابدأ بالتواصل مع الأشخاص وتبادل معارفك المهنية

أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.

Altaf Bhoon ACA
من قبل Altaf Bhoon ACA , Assistant Finance Manager , Atlantic Maritime Group FZE

An insurance contract where one party (insurer) undertakes to compensate the other party (insured) for a loss relating to a particular subject as a result of the occurrence of designated hazards and in return charged premium.

Alex Al Yazouri
من قبل Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

Is a contract to equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management between the insurer and the insured.

georgei assi
من قبل georgei assi , مدير حسابات , المجموعة السورية

Contract under which the insurer is committed to lead to the insured or the beneficiary who spoke on condition of insurance in favor of a sum of money or revenue salary or any other financial View

FITAH MOHAMED
من قبل FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

AGREE WITH ALL ANSWERS 

Malik Khalid Mahmood
من قبل Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

Thanks for Valuable contribution by the experts with practical vision

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

From the Accounting point of view:Insurance contracts are:-

1.Life InsuranceA life insurance contract is a long term contract in which the assured must pay thepremium at stated intervals and the insurer guarantee to pay a certain sum of money to theassured on the happening of the event which is certain (either death or expiry of the fixed period).“life insurance business is the business of effecting contracts upon human life”.2. General InsuranceAll insurance other than life insurance is general insurance. Under this type of insurance,the insurer undertakes to indemnify the loss suffered by the insured on happening of a certainevent in consideration for a fixed premium. Usually all these are short term agreements for a year.Fire insurance, marine insurance, accident insurance, burglary insurance, third party insuranceetc. are the examples for general insurance

Sajid Hussain Penukonda
من قبل Sajid Hussain Penukonda , Executive Finance , Excellence Data Research Private Limited (Cognizant Group)

An insurance contract is an agreement between insurance company & insured which specifies the risks that are covered , limitations & terms of the policy. In exchange for an premium amount the insurer promises to pay for loss caused as per coverage of the policy

المزيد من الأسئلة المماثلة