- I Defining Risk and Uncertainty - Classification of risk - Sources of risk - Meaning, nature and significance essential requirements and principles of risk insurance; reinsurance; privatisation of insurance business in India; Insurance Regulatory Development Authority – Recent Developments in the Insurance sector.
Life Insurance - Law relating to life Insurance; General Principles of Life Insurance Contract; Proposal and policy; assignment and nomination; title and claims; concept of trust in life policy; LIC - Role and functions.
General Insurance - Law relating to general insurance; different types of general insurance; general insurance Vs life insurance; nature of fire insurance ; various types of fire policy ; Deposit and Credit Insurance - Nature, terms and Conditions, claim, recovery etc., public liability insurance; emergency risk insurance structure and power, function of General Insurance Corporation of India; Deposit Insurance and credit Guarantee Corporation.
Marine Insurance - Law relating to marine insurance ; scope and nature; types of policy; insurable interest; disclosure and representation; insured perils; proximity cause; voyage; warranties; measurement; subrogation; contribution; under insurance
Accident and Motor Insurance - Nature, disclosure, terms and conditions claims and recovery; third party insurance; Compulsory motor vehicle insurance; accident insurance
Reference Book:
REFERENCE BOOKS: 1. P.Periyasamy : Principles and Pratices of Insurance, Himalaya publications, 2nd edition, 2019 2. Priyanka Singh Puneet Kumar Shrivastav- Insurance Principles and Practices, Thakur Publishers,Chennai,1st Edition,2011. 3. K.C. Mishra and G.E. Thomas, General Insurance - Principles and Practice, Cengage Learning: New Delhi, 2009 4. Fundamentals of Life Insurance: Theories and Applications Kindle Edition, published by PHI, 2010
Text Book:
1. M.N. Mishra & S B Mishra, Insurance Principles and Practices, S. Chand & Company Ltd, Edition-22, 2021