Religion Past and Present

Get access
Search Results: | 12 of 18 |

Insurance
(428 words)

[German Version]

One can protect oneself against the risks of life through personal provision or by acquiring private insurance. Given freedom of choice the individual will decide for the insurance if the costs of covering a certain risk are less than bearing the costs directly. In private insurance, premiums are determined on the basis of risks assessment on the principle of actuarial equivalence. Indemnification payments are based on premium payments, which, in turn, are assessed in terms of the…

Cite this page
Cansier, Dieter, “Insurance”, in: Religion Past and Present. Consulted online on 12 April 2021 <http://dx.doi.org/10.1163/1877-5888_rpp_SIM_125333>
First published online: 2011
First print edition: ISBN: 9789004146662, 2006-2013



▲   Back to top   ▲