Insurance : Fundamentals Environment and Procedures

Contents: Foreword. Preface. I. Fundamentals of insurance: 1. Introduction to insurance. 2. Principles of insurance. 3. Classification of insurance. 4. Insurance intermediaries. 5. Insurance and social security. 6. Life insurance products. 7. Growth of insurance business in India. 8. Insurance and economic development. 9. Actuarial insurance. 10. Contemporary issues in insurance. II. Environment and insurance: 11. Business environment and insurance. 12. Social responsibility of insurance. 13. Insurance and industrial policy. 14. LPG and insurance business. 15. Comparative environment of insurance. 16. Government and insurance business. 17. Legal dimensions of insurance. 18. IRDA and insurance business. III. Insurance procedures: 19. Life insurance procedures and documentations. 20. Settlement of claims in insurance. 21. Non-life insurance procedures. Glossary. Bibliography. Index. "Insurance Business has emerged as one of the prominent areas of financial services during recent times particularly in developing economies where it could not grow much prior to globalisation. The pace of growth of insurance sector has accelerated with the process of opening up of such economies to outside world under WTO regime. Insurance performs remarkable functions by insuring the insurable public and property located at different places. The insurance sector provides a vast and discrete scope for a textbook reflecting on its fundamentals and procedural imperatives vis-a-vis the current economic environment in the country. The need for a good textbook on the subject 472 pp.…