Fundamental Principles of Insurance

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  • Duration in Hrs
    1 Hrs 45 Mins
  • Instructor
    Mr. Kishor Bhatt
  • Number of Chapters
  • Number of Resources
  • Exams
  • Validity of the course
    after enrollment
    3 Months
  • Certificate of completion
Certificate will be issued only once.
*This Course is recommended for 12th pass or Equivalent.
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A few more words about this course

This course describes the Fundamental Principle of Insurance - what is Insurance, why Insurance is important and the Acts governing Insurance business. There are fundamental elements of Insurance such as Utmost good faith, Indemnity, Insurable Interest, Causa Proxima, Risk must attached, Mitigation of loss, Contributions, Subrogation, Loss minimization and law of large numbers, which is explained here. It also describes about the charging assets.

Mr. Kishor Bhatt

Mr. Kishor Bhatt is a retired Bank Executive from Bank of Baroda with a sound experience of more than 53 years. He is a Chartered Member of The Chartered Institute of Logistics and Transport, London, and at present working as a consultant in International Business, organizing training programmes in International Business for the bankers, customers, students, giving lectures in International Business, conducts training programmes for C.A.; L.L.B., examinations and has organized Foreign Exchange Bourse programs.