Coming soon
Insurance - I
The objective of this course is to understand basic concept of insurance & risk management
Meaning and Definition of Insurance, characteristics of insurance, Origin and development, Functions, Limitations. Difference between Insurance & Assurance. Insurance Vs. gambling, Role and significance of Insurance, Important terminology used in Insurance. Role of Information technology in Insurance.
: Essentials of insurance contracts-Offer and Acceptance, Legal Considerations, Free consent, legality of contract etc. Distinction between General Law of contract and Insurance contract; Life and indemnity Contract.
Principle of Utmost Good Faith, Principle of Insurable Interest, Indemnity, Subrogation, Causa Proxima.
Double Insurance: Meaning, Features, over insurance
Reinsurance: Characteristics of Reinsurance ,Types of Reinsurance. Reinsurance Vs. Double insurance, Essentials of reinsurance and important terms used in reinsurance
Meaning of insurance agent, Characteristics, Kinds of Insurance agent, qualities, requirements of insurance agent, Process of agency building, Agency law and code of conduct.
- MJ Mathew,”RiskManagement and Insurance”,RBSA Publications,Jaipur.
- Neelam C.Gulati,”Principles of Insurance Management”,Excel books
Karam Pal,B.S.Bodla,M.C.Garg,”Insurance Management:Principles & Practices, Deep& Deep Publications
Jyotsna sethi, Nishwan Bhatia,”Elements of banking and Insurance”,Prentice hall of India,Delhi
Life Insurance,Vol.I,II ,Life Insurance Module (Insurance institute of India)
