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TRANSPORTATION
The document provides an overview of transportation types such as surface, water, and air transport, along with their advantages and disadvantages. It also discusses the role of insurance in risk management, detailing types of insurance and regulatory frameworks in India. Additionally, it outlines the impact of transport services on business efficiency and economic growth.
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TRANSPORTATION
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- 3. Introduction Transport service facilitatesthe 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 transportis 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 inTransportation • Metro Rail • Monorail • Bullet train • Pipeline Transport • Conveyor Transport • Ropeway Transport • Hyper loop Transport
- 7. Water Transport • InlandWaterways • Ocean or Sea Transport • Types of Ocean Transport • Coastal shipping • Overseas shipping
- 8. Air Transport Advantages ofAir Transport Disadvantages of Air Transport
- 9. Services of Transportto 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 inTransportation • Way Bill • Railway Receipt • Charter Party • Bill of Lading • Air Consignment Note or Airway Note
- 11.
- 12. • Insurance isa 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 HealthInsurance • 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 BusinessRisks • Speculative Risks • Pure Risks • Insurable Risks • Uninsurable Risk
- 17. Insurance Regulatory Development Authorityof 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 differenttypes of transport. • Explain the various types of Insurance • Explain the principles of insurance. • Discuss the causes of risk.