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Unit I
Concept of Risk: Types of Risk, Risk Management, Transfer and Pooling of Risks, Concept of Insurable Risk. ; Concept of Insurance: Relevance of Insurance to the Emerging Socio-Economic Needs of all the Sections of Society including Industrial Sector, Types of Insurance Organizations Different Classes of Insurance, Importance of Insurance-Individual, Society, Business& Government, Insurance terminology-Fixing of Premiums- Rider Premiums, Surrender value , Paid up value; Reinsurance; Double Insurance; Role of Insurance in Economic Development and Society; life insurance for the underprivileged
As per the latest IPU syllabus — cross-check electives with your college.
Where can I download Principles of Insurance (BBA(B&I) 106) notes for IPU?
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Which semester is Principles of Insurance taught in for BBA-B&I?
Principles of Insurance (BBA(B&I) 106) is a semester 2 subject in the IPU BBA BBA (Banking and Insurance) (BBA-B&I) curriculum.
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