cover image: The Indian Insurance Year Book  1944 (Thirtieth Issue)

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The Indian Insurance Year Book 1944 (Thirtieth Issue)

1944

1 or 1sINDIAN INSURANCE YEAR BOOK 1944 N. B.--The publication of a summary of an insurer's or a provident society's returns in the Year Book does not necessarily mean that the returns summarised have satisfied all the requirements of the Insurance Act or that the Superintendent. of Insurance approves of the contents of the returns. [...] That bonuses will have to be substantially diminished so as to ensure the stability of the primary part of the contract the sum assured and that the insuring public should look more to the security afforded by the sum assured and get over the bonus mentality were stressed a few years back by Sir Purshotamdas Thakurdas as Chairman of the ' Oriental ' much better than the writer could. [...] So no qualification whatever can justfiably be attached even in insurance cases to the condition that the Central"15 Government (which should be deemed to include the Superintendent of Insuance the Reserve Bank and the Examiner of Capital Issues in this context) do not take any responsibility for the financial soundness of any schemes or for the correctness of any of the statements made or [...] The rate of premium of short-term Endowment Assurance policies is very high and only a very small part of the premium performs the genuine function of life insurance namely of giving cover against death and the substantial balance partakes of the nature of investment. [...] In the case of industrial activities post-war planning may take the shape of establishment of new industries either because of the great handicap due to their lack which the demands of war have revealed or of the discovery under the stress of war of raw materials particularly suited to the starting of certain classes of industries.
commerce industry
Pages
173
Published in
India
SARF Document ID
sarf.143933
Segment Pages Author Actions
Frontmatter
i-iii unknown view
Report by the Superintendent of Insurance on the Insurance Business Carried on by Insurers and Provident Societies During the Year 1943
1-27 L.S. Vaidyanathan view
Renewal Fees
28-28 unknown view
Insurers
29-139 unknown view
Provident Societies
140-170 unknown view

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