Prabin Kalikote

We can help our parents to remain safe from insurance frauds by:
        - Suggesting them to provide all the facts about the insurance to the insurer.
        - Proper documentation.
        - Checkup of validity.
        - Proper payment in time.
        - Recognize the way to deposit the installments.

The principles of insurance are:
        - Nature of contract.
        - Faith.
        - Insurable interest.
        - Indemnity.
        - Subrogation.
        - Double insurance.
        - Proximate cause.

Any two points that shows advantages of co-operatives are:
        - Cooperatives are made for imparting social services.
        - A co-operative doesn't need to pay any taxes.

Agricultural co-operative is most important types of cooperatives for an agricultural country like Nepal because it helps all the farmers of Nepal to be united to meet their own social, cultural or economic needs.

Any two principles of co-operative are:
        - Open membership.
        - Democratic control.

Co-operative organization as an independent association of people united voluntarily to meet their common economic, social, cultural needs and goals through a jointly owned and democratically controlled business.

The advantages of insurance are:
        - It provides safety and security providing financial support.
        - Premium that insurance generates can be invested in govt. securities and stock.
        - Life insurance provides mode of investment.