Insurance is a defensive mechanism against the risks associated to human lives and their wealth. From the very beginning to mankind, risk has begun to run after them. On the other side, human beings are trying their best to get relieved from this risk. But they have not yet got complete relief from this risk. In such a situation, many efforts have evolved to protect mankind from this risk especially different types of insurance have come forth to defense human beings from economic loss. Therefore, and the letters that are exchanged in the field of insurance are known as letter relating to insurance.
Generally, prospective policyholders write letters to insurance companies requesting them to issue insurance policies in their names. On the other side, insurance companies also write a letter to the people interested to take insurance policy. In addition to this, letters are exchanged between the policyholders and insurance policy. In addition to this, letters are exchanged between the policyholders and insurers on a regular basis regarding payment and receipt of premium, payment of insurance claims, regularizing any non-effective policy.
Specimens of letter related to insurance
regional officer, Jiban Bima Corporation, to let you know the opening procedures and other related rules and regulations of live insurance.