3. Introduction
Transport service facilitates the smooth
carriage of goods from the place of producer to
the place of consumer.
Transport also facilitates travelling of people
from one place to another place.
4. Types of Transport
(A) Surface Transport
• Pack Animals
• Bullock Carts
• Road Transport
• Motor Lorries and Buses
• Tramways
• Railway Transport
5. • Rail transport is a means of transferring of
passengers and goods on wheeled vehicles
running on rails (tracks).
• Advantages of Railway Transport
• Disadvantages of Railway Transport
6. Recent Trends in Transportation
• Metro Rail
• Monorail
• Bullet train
• Pipeline Transport
• Conveyor Transport
• Ropeway Transport
• Hyper loop Transport
7. Water Transport
• Inland Waterways
• Ocean or Sea Transport
• Types of Ocean Transport
• Coastal shipping
• Overseas shipping
9. Services of Transport to Business
• It increases the efficiency of production
• It stimulates wants by increasing quantity and
variety of consumer goods
• It develops and expands the market
• It helps in price stability by distributing goods all
over the country
• It aids to economic growth
• It helps in specialization and mass production
• It encourages innovations in product production
and designing
10. Documents Used in Transportation
• Way Bill
• Railway Receipt
• Charter Party
• Bill of Lading
• Air Consignment Note or Airway Note
12. • Insurance is a plan by themselves which
large number of people associate and
transfer to the shoulders of all, risk that
attacks to individuals”
• - According to John Merge
13. Principles of Insurance
• Utmost Good Faith
• Insurable Interest
• Indemnity
• Causa Proxima
• Contribution
• Subrogation
• Mitigation
14. Types of Insurance
• Life Insurance (or) Life Assurance
• Non-life Insurance (or) General Insurance
• CASCO INSURANCE
• The motor casco is a voluntary insurance. It
covers the motor vehicle against various risks
such as fire, natural disaster, theft of the
motor vehicle or the equipment installed
therein, a breakdown as a result of collision
with another vehicle or object on the road etc.
15. Types of Health Insurance
• Individual Mediclaim
• Family Floater Policy
• Unit Linked Health Plans
• Health Insurance provides following types of
coverage:
• Medical expenses – It covers the expenses
of hospitalization/nursing home bills and doctors’
services.
Disability income – It replaces the income
lost while the insured is unable to work.
16. Types of Business Risks
• Speculative Risks
• Pure Risks
• Insurable Risks
• Uninsurable Risk
17. Insurance Regulatory
Development Authority of
India (IRDAI)
IRDAI – Insurance Regulatory Development
and Authority of India is the statutory,
independent and apex body that governs,
regulates and supervises the Insurance
Industry in India. It was constituted in
the year 2000 by Parliament of India Act
called IRDAI Act, 1999. Presently IRDAI
headquarters is in Hyderabad.
18. QUESTIONS
• Explain different types of transport.
• Explain the various types of Insurance
• Explain the principles of insurance.
• Discuss the causes of risk.