Principles of Insurance

Insurance is not to prevent risk', but to indemnify the losses arising from certain risk. Comment.

Describe in detail the importance of insurance. What are its uses to the business community and society as a whole? 

Describe the essential characteristics of life insurance contract. How does it differ from an ordinary commercial contract? Explain

Discuss the emergence of insurance industry in India in recent times.

Discuss the essential features of fire insurance policies and what do you mean by, valued polices, Re-instatement polices and Adjustable policies? 

Critically evaluate the state of social insurance scheme in India. What steps can be taken to make them more effective? 

b) Differentiate between:

i) Risk vs Uncertainty

b) Differentiate between:

ii) Loss vs chance of loss

b) Differentiate between:

iii) Perils vs hazards

b) Differentiate between:

iv) Personal risks vs Property risks

Write short note on:

a) Insurable Interest 

Write short note on:

b) Utmost Good Faith

Write short note on:

c) Principle of Indemnity 

Write short note on:

d) Proximate Cause 

Write short note on:

a) Mediclaim policy of GIC

Write short note on:

b) Health Care issues in India