Prabin Kalikote

We can help our parents to remain safe from insurance frauds by:
-Suggesting them to provide all the facts about theinsurance to theinsurer.
-Proper documentation.
- Checkup of validity.
-Proper payment in time.
-Recognizethe 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 anytaxes.

Agricultural co-operative is most important types ofcooperativesfor an agriculturalcountry likeNepal becauseit helps all the farmers of Nepal to be united to meettheir own social, cultural or economic needs.

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

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

The advantages of insurance are:
-It provides safety and security providing financial support.
-Premium that insurancegenerates canbe invested ingovt. securitiesandstock.
-Life insurance provides mode of investment.