Principles of Insurance (Telangana Univ)

ISBN Number : 978-93-5273-401-6

Student Price : Rs.190

Student Dollar Price : 8$

Book Edition : First

Year of Publication : 2017

No. Of Pages : 250

Book Weight :324

About The Book

The liberalization of markets especially in developing countries has accentuated the need for risk products. Recently government has taken various policy initiatives like crop insurance, financial guarantee schemes for unemployed, various social security programs and raising limits of FDI in insurance and the latest being allowing public sector companies to enter into the capital markets. This has resulted into a sudden spurt in the demand of insurance professionals. More and more academic institutions all over the countries are offering highly specialized insurance programs to cater to this demand.

Recently, the universities in India and abroad have introduced insurance as a specialized study both at graduate and postgraduate level. This has accentuated the dire demand for the literature on insurance in the Indian context suited to meet the defined curriculum. It is expected that the book shall be useful to the students and as well as the trainers.

The book has been organized into five modules.

Unit 1 introduces the concept of risk management to the readers. It conceptualizes the risk definitions, classes of risk; risk management process, pooling and the nature of insurance.

Unit 2 discusses the risk management by individuals and insurers. It covers the concept of reinsurance and the role of insurance in society and economy. This unit provides a framework of insurance intermediaries and specialists.

Unit 3 provides an overview of the terminology applied to life and non-life insurance. It also discusses the important aspects of customer behaviors and ethics in insurance.

Unit 4 extensively covers the principles underlying the insurance contracts and their applications to various classes in insurance.

Unit 5 deals with various life and non-life insurance products, their coverage, underwriting and claim settlement processes. Specifically, Fire, Marine and Health insurance have been discussed.


Contents -

1. Risk Management and Insurance
2. Insurance Business and Market
3. Insurance Terminology and Insurance Customers
4. Insurance Contract
5. Insurance Products

About The Author

Dr. P.K. Gupta is a postgraduate from Faculty of Commerce and Business Studies, Delhi School of Economics, University of Delhi and Ph.D. in Finance. He is fellow member of the Institute of Cost and Works Accountants of India, fellow member of the Institute of Company Secretaries of India, Chartered member of the Institute of Chartered Financial Analysts of India and fellow of the Insurance Institute of India, Mumbai. He has experience of more than twenty years in industry and academics.

He has presented papers in various international conferences and has won outstanding research awards. He has also published several research papers and articles in reputed journals and magazines. He has organised various Seminars, Workshops and Management Development Programmes in the area of Finance and Risk Management and has been involved in various consultancy assignments. His corporate training endeavours include Risk Management in Banks, Financial Risk Management, Project Risk Management, Cash Flow Analysis, E-banking, etc.

He is the founder of Society for Professional Development (Regd.), Delhi and President of Delhi Professionals` Association (Regd.), Delhi. He is also the Regional Director of the Delhi chapter of Professional Risk Management Association, USA.

He is presently associated as Professor (Finance and Risk Management) with Centre for Management Studies, Jamia Millia Islamia University, New Delhi. He has supervised Ph.D.s in various areas of finance, insurance, risk management, banking etc. He has been a visiting faculty with various prestigious management institutions i India and abroad. He is the founder of Society for Professional Development (Regd.), Delhi and President of Delhi Professionals Association (Regd.), Delhi. He is also the Co-Regional Director of the Delhi chapter of PRMIA, USA.

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