What Do You Mean By Judgement

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Meaning of Judgement : Judgement means the observation and decision of court of law in respect of a particular case after conclusion of a trial. Content of Judgement : Every Judgement - Shall be written in the language of the court. Shall contain the point or points for determination, the decision there on and the reason for the decision. Shall specify the offence of which and section of The Indian Penal Code, 1860 or other law under which the accused is convicted and the punishment to which he is sentenced. If the Judgement is of acquittal, it shall state the offence, of which the accused is acquitted and direct that he be set at liberty section 354(1). Object : The object should be to protect the society and to deter the criminal in achieving the avowed object of law by imposing appropriate sentence. The social impact of the crime like where its relates to offences against woman, kidnapping and other offences involving moral delinquency which have great impact on s
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Definition and Advantages of Life Insurance

Definition of Life Insurance -

Life insurance is insurance on the life of an individual. Life insurance is protection given to one person against the damage he may suffer through the death of another.
'Life insurance' is a contract of insurance whereby the insured agrees to pay certain sums, called premiums, at specified times, and in considerations thereof the insurer agrees to certain sum of money on certain conditions and specified way, upon happening of a particular event contingent upon the duration of human life.
Under section 2(11) of the Insurance Act, 1938 provides that life insurance contract comprise any contract in which one party agrees to pay a given sum upon happening of a particular event contingent upon the duration of human life.

Advantages of Life Insurance -

1) Life insurance encourages thrift in the individual and serves also to form capital.
2) Life insurance protects estate of the policy holder as distinguished from acquired estate.
3) It saves the insured from worry and makes him a little less careworn.
4) By life insurance, if the insured prematurely dies, his family need not depend on the charity of relatives or of the Government.
5) If he survives the period, the insurance amount will be useful in his old age and period of disablement.
6) If he wants money for an emergency, he can raise loan without worry.
7) Life insurance stabilises the economic security of the insurer and at the same time contributes its might to promotion of industry by providing the necessary capital and also to social security measures.
8) By paying insurance premium, the assured obtains considerable relief in Income Tax, Wealth Tax etc.
9) Life insurance is superior to ordinary saving plans. In ordinary saving plans he is paid the principal paid and interest. But in life insurance in the event of death, he is paid the assured amounts for which premium were paid. 

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What Do You Mean By Judgement

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