Fundamentals of Banking and Insurance - Part I

<p><strong>Fundamentals of Banking and Insurance - Part I</strong> is a comprehensive and thoughtfully structured textbook designed to meet the academic needs of undergraduate students in accordance with the latest guidelines of the <strong>National Education Policy (NEP) 2020</strong>. The book offers a foundational understanding of two of the most critical sectors of the financial system-<strong>Banking</strong> and <strong>Insurance</strong>-making it an essential resource for students pursuing courses in Commerce Management Economics Finance and allied disciplines.</p><p>In the context of today's dynamic financial environment possessing a sound knowledge of banking and insurance has become indispensable. This textbook has been carefully crafted to provide students with conceptual clarity theoretical grounding and practical insights ensuring a well-rounded approach to learning. The content is systematically organized progressing from basic concepts to more advanced themes helping students build a coherent understanding of the subjects.</p><p><strong>Features of the Book:</strong><br><strong>Curriculum-Aligned Content:</strong> Developed in line with the undergraduate syllabi prescribed under <strong>NEP 2020</strong> making it suitable for students across universities and colleges in India.<br><strong>Clear and Accessible Language:</strong> Concepts are explained in a lucid and student-friendly manner to facilitate comprehension for readers at all levels.<br><strong>Comprehensive Coverage:</strong> The book covers essential topics in both banking and insurance offering a balanced approach to theory and practice.<br><strong>Contemporary Relevance:</strong> Real-life examples and illustrations have been incorporated to connect theoretical learning with modern financial practices.<br><strong>Pedagogical Aids:</strong> Each chapter concludes with summaries key terms and review questions to reinforce learning and encourage critical thinking.<br><strong>Skill-Oriented Approach:</strong> Designed to help students develop analytical skills conceptual clarity and a practical understanding necessary for both academic excellence and professional competence.</p>