Basics of Insurance

There are various books available covering laws relating to insurance at length but this book is an original attempt containing the very core fundamental aspects of insurance which every person shall be familiar with. The present work is written to serve handy as a practical and conceptual lucid insurance guide. The book adopts an unconventional approach to the study of insurance considering the requirements of students of vocational courses law and management from different universities. It is written in a student-friendly easy to grasp simple systematic and precise manner. The book has been divided into several chapters containing historical background meaning nature functions principles kinds and terminologies of insurance among others. Illustrations and examples are provided to enhance the understanding and clarity of the subject wherever necessary. Important aspects of IRDAI life insurance general insurance and health insurance have been duly incorporated.