Introduction to Insurance Meaning of Insurance Insurance principles Insurance types Vehicle Insurance Travel Insurance Health Insurance Home Insurance

1. insurance
UNDER THE GUIDENCE OF
SUNDAR B N
Asst. Prof. Cource co-
ordinator
Post-graduation studies in
commerce
GFG Women’s college
Holenarasipura
PRESENTED BY:
MANJULA H S
1st M COM

2. CONTENTS
╸ INTRODUCTION
╸ MEANING
╸ PRINCIPLES
╸ TYPES
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3. INTRODUCTION
*The origin of insurance – london’s Lloyd coffee
house
*1st life insurance company to be set up in India- the
oriental life insurance company ltd.
*1st non – life insurance company –tritoninsurance
company ltd.
•1st Indian insurance company – Bombay mutual
assurance society ltd.
•The oldest insurance company – National insurance
company ltd. Is founded in 1906.

4. meaning
╸ It is a contract between two parties
namely insurer & insured where by
the insurer undertake to pay the
insured a fixed amount for fixed sum
(premium) on the happening of a
certain event in between the certain
period.
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5. PRINCIPLES OF INSURANCE
INSURABLE INTEREST : Person must be at the
risk of suffering financial loss.
UTMOST GOOD FAITH: All information must be
true at the time of entering the contract.
INDEMNITY: Can not make profit out of insurance
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6. SUBORGATION: If the insurance company pays you
the compensation ,the company owns the damaged
goods.
CONTRIBUTION;If insured with two or more
companies then compensation will be shared.
AVERAGE CLAUSE :If the good under insured then he
will receive less compensation only.
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7. TYPES OF ONSURANCE
LIFE
INSURANCE
 Term insurance
 Endowment
insurance
 Whole life
insurance
 Money back
GENERAL
INSURANCE
 Health insurance
 Vehicles insurance
 Travel insurance
 Home insurance
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8. VEHICLE INSURANCE
╸ Vehicle insurance (also known
as motor insurance) is insurance
for car trucks motorcycles and
other road vehicles .its primary use
is to provide financial protection
against physical damage or bodily
injury resulting from traffic
collisions and against liability that
could also arise from incident in a
vehicles. 8

9. TRAVEL
INSURANCE:
Travel insurance provide
coverage for the expenses and
damage associated with
traveling in india and abroad .it
covers financial loss due to
many unforeseen event like
theft, death ,medical
emargancies ,loss of lagguge
,flight delay ect.,
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10. HEALTH INSURANCE:
Health insurance or medical insurance
is a type of insurance that covers
the whole are part of the risk of a
person incurring medical expenses.
According to the health
insurance association of America
define as” coverage that provides
for the payments of benefits as a
results of sickness or injury.

11. HOME INSURANCE
Home insurance also commonly
called home owner insurance .its a
type of property insurance that covers
a private residence .it is on insurance
policy that combines various
personals insurance protections,
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12. TOPIC:
INSURANCE
╸ REFERENCE:
╸ http://www.youtube.com/c/shashankasgs183
╸ https://www.paisabazaar.com/travel-insurance
╸ https://www.bankbazaar.com/home-insurance
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