Kenya Deposit Insurance Corporation (Ofer Abarbanel online library)

The Kenya Deposit Insurance Corporation (KDIC) is a Kenya government corporation providing deposit insurance to depositors in Kenyan banks and deposit-taking microfinance institutions. The KDIC was created by act of parliament in May 2012.[2] Continue reading “Kenya Deposit Insurance Corporation (Ofer Abarbanel online library)”

Philippine Deposit Insurance Corporation (Ofer Abarbanel online library)

The Philippine Deposit Insurance Corporation (Filipino: Korporasyon ng Segurong Deposito ng Pilipinas, abbreviated as PDIC) is a government-run Philippine deposit insurance fund. It was established on June 22, 1963 by Republic Act 3591. It guarantees deposits up to P500,000.[1] Primary Functions of PDIC is to protect the small investors/depositors and to build a strong banking confidence. Continue reading “Philippine Deposit Insurance Corporation (Ofer Abarbanel online library)”

Deposit Insurance and Credit Guarantee Corporation (Ofer Abarbanel online library)

Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of Reserve Bank of India. It was established on 15 July 1978 under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities. DICGC insures all bank deposits, such as saving, fixed, current, Recurring deposit for up to the limit of Rs. 100,000 of each deposits in a bank.[1] Continue reading “Deposit Insurance and Credit Guarantee Corporation (Ofer Abarbanel online library)”

Deposit Insurance Agency of Russia (Ofer Abarbanel online library)

Deposit Insurance Agency (DIA) (Russian: Агентство по страхованию вкладов) is a Russian state corporation (non-profit organization) providing deposit insurance in the Russian Federation. Its headquarters are located in Moscow. Continue reading “Deposit Insurance Agency of Russia (Ofer Abarbanel online library)”

Accident insurance (Ofer Abarbanel online library)

Accident insurance is a type of insurance where the policy holder is paid directly in the event of an accident resulting in injury of the insured. The insured can spend the benefit payment however they choose.[1] Accident insurance is complementary to, not a replacement for, health insurance. Continue reading “Accident insurance (Ofer Abarbanel online library)”

Pension insurance contract (Ofer Abarbanel online library)

Pension insurance contract is an insurance contract that specifies pension plan contributions to an insurance undertaking in exchange for which the pension plan benefits will be paid when the members reach a specified retirement age or on earlier exit of members from the plan. Continue reading “Pension insurance contract (Ofer Abarbanel online library)”

Deposit Insurance Corporation of Japan (Ofer Abarbanel online library)

Deposit Insurance Corporation of Japan (Japanese: 預金保険機構 Yokin Hoken Kikou) is the federal deposit insurance of Japan. It was established in 1971 and is headquartered in Tokyo. Masanori Tanabe has been Chair of the organization since 2010. Due to 1990s’ Japanese banking rescue, the company has preferred shares of 29 banks remain uncalled through The Restoration and Collection Company, its subsidiary . New Scientist named it as one of the 147 “superconnected” organizations “with disproportionate power over the global economy.”[1] Continue reading “Deposit Insurance Corporation of Japan (Ofer Abarbanel online library)”

Deposit insurance (Ofer Abarbanel online library)

Deposit insurance is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank’s inability to pay its debts when due. Deposit insurance systems are one component of a financial system safety net that promotes financial stability. Continue reading “Deposit insurance (Ofer Abarbanel online library)”

Insurance (Ofer Abarbanel online library)

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. Continue reading “Insurance (Ofer Abarbanel online library)”