I AM AN ENGINEERING STUDENT BUT OUR UNIVERSITY OFFERS THE UNIVERSITY ELECTIVE SUBJECT SO DURING MY ACADAMIC SPAN I HAVE GIVEN THE OPPORTUNITY TO SELECT THE UNIVERSITY ELECTIVE SUBJECT SO I CHOOSE SUBJECT (BANKING AND INSURANCE) AND HERE I LIKE SHARE MY FINAL PRESENTATION REGADING SUBJECT BANKING AND INSURANCE AT CHARUSAT UNIVERSITY (A GRADE BY NAAC)

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CODE PROGRAM BRANCH INSTITUT
E
BM231 B.TECH MECHANICAL CSPIT
ID NUMBER NAME OF STUDENT
D18ME118 HARSHKUMAR S. DAVE

2. WHY UNIVERSITY ELECTIVE ?
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3. FLOW OF PRESENTATION:-
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SR
NO
TOPIC SLIDE
NUMBER
1 INTRODUCTION OF THE TOPIC 4-6
2 HOW INSURANCE WORK 6
3 HISTORY OF INSURANCE 7-9
4 HISTORY OF LIFE INSURANCE IN
INDIA
8-9
5 TYPES OF INSURANCE 10-12
6 HUMAN LIFE INSURANCE 11-15
7 WHY LIFE INSURANCE 13
SR
NO
TOPIC SLIDE
NUMBER
8 WHY CLIENT BUY LIFE
INSURANCE
14
9 VARIOUS LIFE INSURANCE
POLICY
15
10 PROPERTY INSURANCE 16
11 FIRE INSURANCE 17
12 MARIN INSURANCE 19-20
13 MISELIANIUS INSURANCE 21-22
14 Liability Insurance 23-24
15 SOCIAL INSURANCE 25

4. INTRODUCTION OF THE TOPIC
 RISK: WHAT IS IT?
Risk = the possibility of financial loss
 Why is risk important for insurance?
 Risk is what makes you decide whether or not you need insurance.
 Risk is what insurance companies measure when determining whether to offer you
insurance and how much it will cost.
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5. INTRODUCTION OF THE TOPIC
(CONT..)
 What is Insurance?
Insurance may be defined as form of contract between two
parties (namely insurer and insured or assured) whereby one party
(insurer) undertakes in exchange for a fixed amount of money
(premium) to pay the other party (Insured), a fixed amount of money on
the happening of certain event (death or attaining a certain age in case
of life) or to pay the amount of actual loss when it takes place through
the risk insured (in case of property)
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6. INTRODUCTION OF THE TOPIC
(CONT..)
HOW INSURANCE WORKS
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Insurance
Company
Premiums
Claims

7. HISTORY OF INSURANCE
 Based on marin business
 16th Century
 Coffee house of London
 Contribution for fund
 Help for persons for unexpected loss
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8. HISTORY OF LIFE INSURANCE IN
INDIA
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9. HISTORY OF LIFE INSURANCE IN
INDIA (CONT..)
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10. TYPES OF INSURANCE
 Mainly 2 types of insurance
1) Human Life Insurance
2) Non-Life Insurance
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11. TYPES OF INSURANCE (cont...)
Human Life Insurance
 Life insurance is the best source of providing a strong
financial backup and support for your family after your
unfortunate demise.
 Life insurance is an important part of a sound and structured
goal based on financial planning.
 Different types of life insurance plans help you save in a well
structured manner for important goals of life.
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12. TYPES OF INSURANCE (cont...)
Human Life Insurance (Cont...)
WHAT IS LIFE INSURANCE?
 Pays a sum of money upon the death of an insured person to the
beneficiary.
 It is designed to protect thoes who depends on the insured person
financially against the loss of income that would result if the
insured were to pass away.
 The goal of life insurance is to provide financial security for your
family after you pass away.
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15. Life insurance offers various polices according to
the requirement of the persons -
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- Term Assurance
- Whole Life
- Endowment Assurance
- Family Income Policy
- Life Annuity Joint Life Assurance
- Pension Plans
- Unit Linked Plans
- Policy for maintenance of
handicapped dependent

16. PROPERTY INSURANCE:-
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 Property of the individual and
business is exposed to risk of
fire, theft marine peril etc. This
needs insurance. This is insured
with the help of:-
(I) Fire Insurance
(ii) Marine Insurance
(iii) Miscellaneous Insurance

17. Fire Insurance
 Fire insurance is a form of property insurance
which protects people from the costs incurred by
fires.
 When a structure is covered by fire insurance,
the insurance policy will pay out in the event
that the structure is damaged or destroyed by
fire.
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18. various types of fire insurance policies.
 Consequential loss policy
 Comprehensive policy
 Valued policy
 Valuable policy
 Floating policy
 Average policy
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19. Marine Insurance
 Marine insurance is an arrangement by which the insurer
undertakes to compensate the owner of the ship or cargo for
complete or partial loss at sea. So it provides protection
against loss because of marine perils. The marine perils are
collisions with rock, ship attack by enemies, fire etc. Marine
insurance insures ship, cargo and freight.
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20. marine policies are -
 Voyage policy
 Time policy
 Valued policy
 Hull Policy
 Cargo Policy
 Freight Policy
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21. Miscellaneous Insurance
 It includes various forms of insurance including
 property insurance,
 liability insurance,
 personal injuries are also insured.
 The property, goods, machine, furniture,
automobile, valuable goods etc. can be insured
against the damage or destruction due to accident or
disappearance due to theft.
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22. Miscellaneous Insurance
It covers.....
 Miscellaneous insurance covers
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 Motor
 Disability
 Engineering and aviation
risks
 Credit insurance
 Construction risks
 Money Insurance
 Burglary and theft insurance
 All risks insurance

23. Liability Insurance
 The insurer is liable to pay the damage of the
property or to compensate the loss of.
 personal injury or death.
 It includes
 fidelity insurance,
 automobile insurance
 machine insurance.
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24. Types of liability Insurance
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TYPES:-
- Third party insurance
- Employees insurance
- Reinsurance

25. SOCIAL INSURANCE
 Social insurance provide protection to the
weaker sections of the society who are
unable to pay the premium. It includes
pension plans, disability benefits,
unemployment benefits, sickness
insurance and industrial insurance.
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26. CONCLUSION
 The “Types of Insurance” is the very interesting topic and insurance word is
our routine life also I happy to discuss the various types of insurance in this
Presentation, First I explain what is insurance and terms related to insurance
ThenI discuses history of insurance other important points. And then I reach
the actual topic of types of insurance I describe all the types of insurance
clearly.
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27. REFRENCES
 http://en.wikipedia.org/wiki/Insurance
 http://www.scribd.com/doc/24411988/Project-Report-on-Insurance
 http://www.scribd.com/doc/21555292/Project-on-LIC-India
 http://top100opinions.com/2010/04/advantages-and-disadvantages-of-insurance/
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