Principles of Insurance Osmania University B.com 3rd Semester Notes

Unit 1 Risk Management and Insurance & Insurance Terminology {Book}
Risk Management		VIEW
Types of Risks		VIEW
Actual and Consequential Losses		VIEW
Management of Risks		VIEW
Different Classes of Insurance	VIEW	VIEW
Importance of Insurance		VIEW
Management of Risk by Individuals and Insurers		VIEW
Fixing of Premiums		VIEW
Reinsurance		VIEW
Role of Insurance in Economic Development and Social Security		VIEW
Constituents of Insurance Market		VIEW
Operations of Insurance Companies		VIEW
Operations of Intermediaries	VIEW	VIEW
Specialist Insurance Companies
Role of Regulators		VIEW
Common and specific terms in Life and Non-Life Insurance		VIEW
Understanding Insurance Customers	VIEW	VIEW
Insurance Customer Behavior at Purchase Point		VIEW
Insurance Customer Behavior when Claim Occurs		VIEW
Importance of Ethical Behavior in Insurance Sector		VIEW

Unit 2 Insurance Contract and Insurance Products {Book}
Insurance Contract Terms			VIEW
Principles of Insurance: Principle of Insurable Interest, Principle of Indemnity, Principle of Subrogation, Principle of Contribution, Relevant Information Disclosure, Principle of utmost Good Faith, Relevance of Proximate Cause			VIEW
Life Insurance Products: Risk of Dying Early, Risk of Living too Long			VIEW
Products offered:
Term Plans, Pure Endowment Plans, Combinations of Plans, Traditional Products, Linked Policies			VIEW
Features of Annuities and Group Policies		VIEW	VIEW
General Insurance Products:
Risks faced by Owner of Assets
Exposure to Perils			VIEW
Features of Products Covering Fire and Allied Perils	VIEW		VIEW
Products covering Marine and Transit Risks	VIEW		VIEW
Products covering Financial Losses due to Accidents			VIEW
Products covering Financial Losses due to Hospitalization	VIEW		VIEW
Products Covering Miscellaneous Risks			VIEW

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