Insurance Management (Text and Cases)

The book has been organized in six parts.

Part One : contains three chapters including understanding of risk, types and sources of risk, risk management and control, etc. This part elaborates the complexities in risk management and tries to emphasize on theories of risk management.

Part Two : Covers four chapters, including introduction to insurance, insurance need analysis, Principles of insurance contract and the history of insurance.

Part Three : This covers nine chapters, introducing life insurance and focuses on different aspects of life insurance such as policy conditions, mortality table, premium payment pattern, life insurance products, settlement of claim and organization of LIC India.

Part Four : covers various aspects of fire insurance such as principles of fire insurance, different fire insurance policies and claim settlement. It also deals with marine insurance contract, marine insurance policies, marine losses, premium payment, clauses in marine insurance policy and claim settlement in marine insurance.

Part Five : It explores insurance regulation in India, starting from Tariff Advisory Committee and detariffication, registration of insurance company, protection of policyholders, marketing of insurance products, and guidelines for advertisement, loss prevention association. It also includes bancassurance, reinsurance and double insurance.

Part Six : This part comprehensively covers the emerging sectores of insurance in niche such as health insurance, agriculture insurance, micro insurance, motor insurance and accident insurance. This part also covers the social and rural sector obligations of insurance companies, role of information technology in insurance and various aspects of competitive environment such as mindset of consumers, adequacy of capital, market related policies, cost consciousness, etc.

This book has some unique features. At the end of each chapter, questions for discussion, projects and assignments, the relevant case studies and IRDA guidelines have also been given. A glossary on insurance has been given in the appendix for easy reference.