Is that Anyone know Contract Of Indemnity In SM it is defined as A Contract by which one party promises to the other from loss caused to him by the conduct of the promisor himself or by the conduct of

Vartika · 11 May 2025

Contract of indemnity refers to save from losses.in contract of indemnity there are 2 parties indemnifier and indemnity holder . Indemnifier refers to a person who promises to save from loss arose to indemnity holder which is caused him due to 3rd party or promisor himself. This contract does not cover losses arise from natural calamity. Examples of contract of indemnity: marine insurance, fire insurance, car insurance but not life insurance. In hindi, jo ap premium payment krte insurance company ko jb ap apni car ka insurance krwate toh insurance company humare liye indemnifier hai jisko hum premium payment krte ki hume losses se bachyegi...