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  • ISBN : 9789385676079
  • Pages : 1024
  • Binding : Paperback
  • Language : English
  • Imprint : S Chand Publishing
  • © year : 2016
  • Size : 6.75" x 9.5"

Price : 675.00 540.00


This new edition of Insurance — Principles and Practices has been revised and updated to include a spectrum of innovative insurance products. The book retains the comprehensiveness of its earlier editions and reflects upon the changing landscape of insurance industry.
This logically sequenced book is focused at making the text more relevant for students of undergraduate programmes and also addresses the need of aspiring candidates preparing for professional/licentiate examinations.


• Comprehensive coverage of all types of innovative insurance products such as long-term care insurance, commercial insurance, catastrophe insurance, liability insurance to name few
• Details on developments in international insurance with latest data
• Appendices to support the information provided in chapters - All clauses and words of marine insurance are given in appendix


Part-I: Introduction • Definition and Nature of Insurance • Evolution of Insurance • Role and Importance of Insurance • Insurance Contract, Part-II: Life Insurance • Nature of Life Insurance Contract • Classification of Policies • Annuities • Selection of Risk • Measurement of Risk and Mortality Table • Calculation of Premium • Treatment of Sub-Standard Risks • The Reserve • Investment of Funds • Surrender Value • Valuation and Surplus • Policy Condition • Life Insurance for the Under Privileged — (i) Industrial Life Insurance, (ii) Group Life Insurance, (iii) Disability Benefit Policies, (iv) Social Security Schemes and Pension Plans, (v) Micro Life Insurance • Progress of Life Business of LIC, Part-III: Marine Insurance • Nature of Marine Insurance Contract • Marine Insurance Policies • Policy Conditions • Premium Calculation • Marine Losses • Payment of Claims • Progress of Marine Insurance Business in India, Part-IV: Fire - Insurance • Nature and Use of Fire Insurance • Fire Insurance Contract • Kinds of Policies • Policy Conditions • Rate Fixation in Fire Insurance • Payment of Claim • Progress of Fire Insurance, Part-V: Miscellaneous Insurance • Transport Insurance and Motor Insurance • Miscellaneous Forms of Insurance Including Social Insurance • Rural Insurance and Prospects of Agriculture Insurance in India • Urban Traditional and Non-Traditional Insurance • Progress of Miscellaneous General Insurance • Progress of Total General Insurance, Part-VI: Prospects of Insurance Companies • Prospects of Insurance • Privatisation of Insurance Industry • Insurance Innovation and Long Term Care Insurance • Risk Management and Commercial Insurance • Health Insurance • Catastrophe Insurance • Liability Insurance • Micro Insurance and Credit Insurance • Reinsurance • Corporate Governance and Corporate Social Responsibilities • Bancassurance • International Insurance Scene, Part-VII: Insurance Legislation • Insurance Legislation in India — (i) Insurance Act, 1938, (ii) Life Insurance Act, 1956, (iii) Marine Insurance Act, 1963, (iv) General Insurance Act, 1972, (v) Insurance Regulatory and Development Authority Act, 1999

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