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Tec noh Func
TechnoFunc Presents
...
Overview of Insurance sector
What is Insurance :
 Risk management technique under which
insured conservatively cover the ...
PARTIES IN THE CONTRACT OF
INSURANCE
©Chartered Technofunctional Institutewww.technofunc.comwww.technofunc.com
Contract of...
Types of Insurance
©Chartered Technofunctional Institutewww.technofunc.com
Vehicle Insurance
Property Insurance
Health Ins...
IMPORTANCE OF INSURANCE
BENEFITS OF INSURANCE ?
Hedge against rising Health Expenses
Provides Financial Security
Encourage...
PRINCIPLES OF INSURANCE
©Chartered Technofunctional Institutewww.technofunc.com
Principle of Utmost Good Faith ( Uberrimae...
Insurance Glossary
Common terms used in Insurance
©Chartered Technofunctional Institutewww.technofunc.com
Insurer
Insured
...
TECHNOFUNC
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Insurance Industry Overview

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Insurance Industry Overview

  1. 1. Technology Independent Expertise ©Chartered Technofunctional Institutewww.technofunc.com Tec noh Func TechnoFunc Presents Overview of Insurance Industry
  2. 2. Overview of Insurance sector What is Insurance :  Risk management technique under which insured conservatively cover the risk which may arise on account of some unforeseen event or losses in future.  It is a contract between two parties,  Parties are called the insurer and the insured,  In this contract the insurer agrees to cover the risk of the insured in exchange for a payment.
  3. 3. PARTIES IN THE CONTRACT OF INSURANCE ©Chartered Technofunctional Institutewww.technofunc.comwww.technofunc.com Contract of Insurance Insured Insurer
  4. 4. Types of Insurance ©Chartered Technofunctional Institutewww.technofunc.com Vehicle Insurance Property Insurance Health Insurance Life Insurance Travel Insurance Credit Insurance
  5. 5. IMPORTANCE OF INSURANCE BENEFITS OF INSURANCE ? Hedge against rising Health Expenses Provides Financial Security Encourages Savings Planning for Life Stage Needs Safe & Profitable Long Term Investment Tax Benefits Assured Income through Annuities
  6. 6. PRINCIPLES OF INSURANCE ©Chartered Technofunctional Institutewww.technofunc.com Principle of Utmost Good Faith ( Uberrimae Fidei ) Principle Of Indemnity Principle of Insurable Interest Principle of Subrogation Principle of Contribution Principle of Proximate Cause Principle of Loss Minimization
  7. 7. Insurance Glossary Common terms used in Insurance ©Chartered Technofunctional Institutewww.technofunc.com Insurer Insured Policy Premium Claim Actuary Reinsurance www.technofunc.com
  8. 8. TECHNOFUNC ©Chartered Technofunctional Institutewww.technofunc.com Thank you for watching/downloading our training material. Users are free to download the material for their personal use only. Commercial use is strictly prohibited without prior permission from the Chartered Technofunctional Institute. If you need copies of this material for corporate training or commercial use please contact info@technofunc.com for further details All Videos are available at www.technofunc.com for free Creating the world’s best techno-functional talent TECHNOFUNC

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