A few more words about this course
This course describes about the basic concept and important ingredients of Insurance. Some Acts that govern Insurance business are also described. Birth of IRDAI, Insurance Ombudsman scheme, Life Insurance Corporation Act, 1956 is described in this chapter. Description of what is risk and ways to deal with risk are given here. There are various approaches to risk management which are also described. Concepts of Insurance, functions, policy, jargons are other topics discussed.