2. ο Introduction to INSURANCE.
ο Types of INSURANCE.
ο Function of INSURANCE.
ο Research in INSURANCE.
ο EXAMPLE.
3. ο It is a form or protection against risk.
ο Financial compensation.
ο INSURER and INSURED.
ο As a saving.
ο Helps in economic growth.
4. ο GENERAL INSURANCE.
= non-life insurance, helps in payment of financial
damage.
= 24 company.
= United India,National,TATA AIG
ο LIFE INSURANCE.
= agrees to pay a certain sum of money either on death of
insured or on the maturity of policy.
= 24 company.
= INGVysha,SBI, MAX Life,Kotak,AVIVA
5. ο Providing protection:
= against future risk , accident , uncertainty.
ο Collective risk bearing:
= few losses to a large people.
ο Evaluating risk:
= volume of risk & premium rate.
ο Provide certainty.
= which assist in change in uncertainty to certainty.