ISBN 9788120339255,Fundamentals Of Life Insurance : Theories And Applications

Fundamentals Of Life Insurance : Theories And Applications



PHI learning Pvt Ltd

Publication Year 2009

ISBN 9788120339255

ISBN-10 8120339258


Number of Pages 220 Pages
Language (English)


Human life, in all its manifestations, has immeasurable social and economic value. Since ancient times, human beings have tried to put in place systems to sustain and flourish in the face of adversity. In modern times, life insurance is one such financial arrangement that provides social and economic security to individuals and to the communities. Divided into three sections, this book comprehensively dwells onto the basics of life insurance, risk management and health and micro insurance, in detail. Section I (Concepts, Principles and Processes) systematically defines life insurance, its legal contract and characteristics, the marketing and distribution processes involved, and the future trends. Section II (Risk Management, Underwriting, Reinsurance and Claims) explicates the importance of risk management, the process of underwriting and types and the concepts of reinsurance and claims. Section III (Group Products, Pensions and Annuities) accounts for various group insurance and retirement products, apart from briefing on the individual pension and annuity plans. Besides, it also teaches the method to calculate the premium charged, which is based on the amount of risk involved among various policyholders who follow diverse lifestyles. Key Features : Comprises real-life case studies relevant to various topics Includes review questions to judge student's aptitude on the subject Incorporates figures, tables, boxes and appendices to illustrate the concepts and theories PowerPoint presentations available online at Primarily intended for the students of MBA (Insurance) and BA (Banking and Insurance) this book will also be beneficial for the postgraduate students of commerce who opt for a course in Insurance.Companion Website: