Book Details

Principles of Insurance (OU)

Principles of Insurance (OU)

Published by SIA Publishers and Distributors (P) Ltd.

Course Code : B.Com II-III (O.U)
Author : SIA PUBLISHERS
University : Osmania University
Regulation : 2019
Categories : Arts and Science
Format : ico_bookPDF (DRM Protected)
Type :

eBook

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Description :

Unit–I

RISK MANAGEMENT AND INSURANCE

Understanding of Risk Management – Different Types of Risks – Actual and Consequential Losses –Management of Risks – Loss Minimization Techniques – Basics, Evolution and Nature of Insurance– Concept of Pooling in Insurance – Different Classes of Insurance – Importance of Insurance –Unexpected Eventualities.

Unit–II

INSURANCE BUSINESS AND MARKET

Management of Risk by Individuals – Management of Risk by Insurers – Fixing of Premiums –Reinsurance and its Importance for Insurers – Role of Insurance in Economic Development and Social Security – Contribution of Insurance to the Society – Constituents of Insurance Market – Operations of Insurance Companies – Operations of Intermediaries – Specialist Insurance Companies – Insurance

Specialists – Role of Regulators – Other bodies connected with Insurance.

Unit–III

INSURANCE TERMINOLOGY AND INSURANCE CUSTOMERS

Common Terms in Insurance: Life and Non Life – Specific terms in Insurance: Life and Non Life – Usage of Insurance Terms – Understanding Insurance Customers – Different Customer Needs – Importance of Customers – Customer Mindsets – Customer Satisfaction – Customer Behaviour at Purchase Point– Customer Behaviour when Claim Occurs – Importance of Ethical Behaviour.

Unit–IV

INSURANCE CONTRACT

Insurance Contract Terms – Principles of Insurance: Principle of Insurable Interest, Principle of Indemnity, Principle of Subrogation, Principle of Contribution, Relevant Information Disclosure, Principle of Utmost Good Faith, Relevance of Proximate Cause.

Unit–V

INSURANCE PRODUCTS

(a) Life Insurance Products: Risk of Dying Early – Risk of Living too Long –Products offered – Term Plans – Pure Endowment Plans – Combinations of Plans – Traditional Products – Linked Policies– Features of Annuities and Group Policies.

(b) General Insurance Products: Risks faced by Owner of Assets – Exposure to Perils – Features of Products covering Fire and Allied Perils – Products covering Marine and Transit Risks –Products covering Financial Losses due to Accidents – Products covering Financial Losses due to Hospitalization – Products covering Miscellaneous Risks.

Note : Principles of Insurance, B.Com II-III (O.U)

Publisher Detail:

Publisher Name: SIA Publishers and Distributors (P) Ltd.

Contact Email Id: msultan@siaedugroup.com

Address:#5-1-911/5, Universal Book Mall, Putli BowliKoti, Hyderabad - 500095Telangana State, India

Url: https://www.siapublishers.com/