Insurance Correspondence

in Business Communication

Insurance is a business that covers risks due to loss of life and assets due to fire, theft, burglary, natural calamities etc. Insurance business to start with was in in private sector. Later, owing to Governmental policies two giant corporations like LIC and GIC emerged. Today, in the background of privatisation, many new private enterprises including foreign companies have entered the field. There appears to be a future of stiff competition in the insurance sector. Insurance operates under two guiding principles, namely faith and indemnity. It is a business where a high level of ethical value should prevail with both the customers and the company. Companies are obliged to do a balancing act between competition and ethical values. Insurance correspondence demands tact, faith, courtesy and transparency in their content.

{ 3 comments… read them below or add one }

Masudur Rahman Khan January 2, 2012 at 11:13 pm

I like to get a letter to general insurance for changing the policy no. and the premium amount also

anandhi February 8, 2013 at 4:54 pm

i want more explanation about banking correspondence agency and insurance correspondence

MUTHU RAMALINGAM April 8, 2014 at 5:43 pm

i want more explanation about banking correspondence agency and insurance correspondence

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