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Section 2:3: Insurance (2.3.3 Types of Insurance ((a)Life Insurance…
Section 2:3:
Insurance
2.3.2: Importance of Insurance
a.Protection Against Risk
b.Pooling of Risk
c.Helps in Securing Loans
d.Protection Against Liabilities under various Labour Laws
e.Contribute to Economic Development
f.Generation of Employment
g.Social Security
2.3.3 Types of Insurance
(a)Life Insurance
Endowment Policy
Whole-Life Policy
Joint-Life Policy
Money Back Policy
Pension Plan
Unit Plans
Group Insurance Scheme
a) Fire Insurance
c) Marine Insurance
c) Motor Vehicles Insurance
d) Health Insurance
e) Crop Insurance
f) Cash Insurance
g) Cattle Insurance
h) Rajeswari Mahila Kalyan Bima Yojana
i) Amartya Siksha Yojana Insurance Policy
j) Burglary Insurance
k) Fidelity Guarantee Insurance
2.3.4 Principle of Insurance (IN MUSIC)
a)Principle of
Utmost
Good Faith
b)Principle of
Insurable
Interest
c)Principle of
Indemnity
d)Principle of
Contribution
e)Principle of
Subrogation
f)Principle of
Mitigation
g)Principle of Causa-proxima (
nearest
cause):
2.4 Transportation
2.4.1: Importance of Transportation
2.4.2: Modes of Transportation
1) Road
2) Rail
3) Water
4) Air