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    Evangelin Sinora
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    INSURANCE DEFINITIONS 'insurance is a device for the transfer of an insurer of certain risks of economic loss that would otherwise be borne by the insured'

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    INSURANCE DEFINITIONS 'insurance is a device for the transfer of an insurer of certain risks of economic loss that would otherwise be borne by the insured'

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    13 views10 pages

    Insurance

    Uploaded by

    Evangelin Sinora
    INSURANCE DEFINITIONS 'insurance is a device for the transfer of an insurer of certain risks of economic loss that would otherwise be borne by the insured'

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 10

    CONTENTS

    Definitions Characteristics Types of insurance Life insurance policies Marine insurance policies Fire insurance policies Miscellaneous insurance

    INSURANCE DEFINITIONS
     insurance is

    a device for the transfer of an insurer of certain risks of economic loss that would otherwise be borne by the insured. -Allen.Z.Mayorson  The collective bearing of risks is insurance. -W.Beveridge.

    CHARACTERISTICS
     Insurable interest  Utmost good  Indemnity  Mitigation of

    faith

    loss  Causa proxima  Subrogation  Contribution  Re-insurance Re-

    TYPES OF INSURANCE
    Insurance

    Life Insurance Marine Insurance Fire Insurance

    LIFE INSURANCE POLICIES


     Whole life

    policy  Endowment policy  Joint life policy  Term Assurance policy  Plan for needs of children

    MARINE INSURANCE POLICY


     Open policy  Voyage

    policy  Time Policy  Mixed policy  Comprehensive policy

    FIRE INSURANCE POLICY


     Specific policy  Valued policy  Floating policy  Average policy

    MISCELLANEOUS INSURANCE
     Motor insurance  Workmen compensation insurance  Health insurance  Burglary insurance  Shopkeepers insurance

    Thank you

    M Jagatheswari

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