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Fire Insurance: Under The Insurance Act, 1938
Fire Insurance: Under The Insurance Act, 1938
UNDER
THE INSURANCE ACT,
1938
4/9/2013
WHAT IS FIRE INSURANCE ???
INSURANCE AGAINST LOSS
DUE TO FIRE.
Provide payment
Help to businessman
PROCEDURE OF FIRE INSURANCE
Selection of insurance company
Presentation of proposal in the
prescribed form.
Acceptance
Evidence of Prestige
Commencement
Cover note
Issue of insurance policy.
PROPOSAL FORM FOR FIRE INSURANCE
Address : ………………………………………………………….
…………………………………………………………..
Phone No. : Fax No.:
THE PREMISES :
LOCATION 1 LOCATION 2
d) Plot No.
e) Name of Street
g) District / Emirate
j) If adjoining,whether the dividing wall
Is a perfect party wall at least 13 inches YES / NO YES / NO
Thick carried through at least one foot
Above the roof having no openings
CONSTRUCTION
m) No. of storeys
n) Walls
o) Roof
p) Adjoining Buildings
OCCUPATION
s) Ground Floor
t) First Floor
u) Upper Floors
v) Adjoining Buildings
I / We hereby declare that the above information is true and correct to the best of my
knowledge and information and I/We have not deliberately or intentionally with-held
herein any material information that could have a bearing on the acceptance or
otherwise of this proposal. I / We further agree that issuing or submitting proposal
form does not bind either Alliance Insurance P.S.C. to provide terms or to accept cover
or me / us to insure the risk with Alliance Insurance P.S.C. How-ever if the insurance
is effected with and by Alliance Insurance P.S.C. this proposal shall be the basis of the
contract between me / us and Alliance Insurance PSC.
Agency : Date
===============================================================
ALLIANCE INSURANCE P.S.C. , P.O. Box 5501 , DUBAI (U.A.E.)
MATERIAL INFORMATION THAT SHOULD BE DISCLOSED
Particulars Amount
• Survey report
• Photographs
INSURED
INSURER
PERSON
PRIVATIZATION OF INSURANCE
PRIVATIZATION OF INSURANCE
PRIVATIZATION OF INSURANCE
ADVANTAGES
Motivate for investment
Better Research & Development
Employment
Social safety
Increase customer
Better services
DISADVANTAGES
Forceful
Mischiefs*
Competition of fooling customers
Exploitation of employees
Transfer of money outside nation
Economic problems may arise
Lack of Trust