“The whole world’s in a terrible state o’ chassis” – Captain Boyle from the play Juno and the Paycock. As Jean-Jacques Rousseau rightly said, “Everything, including life is in constant
Insurance as a system is a Western innovation with values influenced by the Judeo – Christian religion. The degree of compatibility of such insurance with Islamic traditions was discussed by
Insuring lives was for a long time seen as a form of gambling and interference with divine providence! Until the last quarter of 18th century, Insurance was a popular means