Unit 6
Insurance management
Insurance
Insurance is a contractual agreement where an individual or entity (the insured) transfers the ri...
Insurance and Hedging
Insurance and hedging are both risk management strategies, but they operate in distinct ways. Cor...
Types of Insurance
Insurance comes in a wide variety of forms, each designed to protect against specific types of ri...
Classification of insurance
Insurance can be classified in several ways, depending on the criteria used. Here's a breakdown o...
Fundamental Principles of Life Insurance
Life insurance, while a contract, is built upon a foundation of fundamental principles that ensur...
Life Insurance Products
Life insurance products are designed to provide financial security to beneficiaries upon the deat...
General Insurance and its fundamental principles
General insurance, also known as non-life insurance, covers a wide range of risks beyond life ins...
Insurance Intermediaries
Insurance intermediaries play a vital role in connecting insurers with policyholders. They act as...
Claim Settle Process
The claim settlement process is a critical part of the insurance experience. It's the point where...
IRDA-Duties
The Insurance Regulatory and Development Authority of India (IRDAI) is the regulatory body that o...
Power and Functions of IRDA
The Insurance Regulatory and Development Authority of India (IRDAI) is vested with significant po...