Defining Risk and Uncertainty - Classification of risk - Sources of risk - External and Internal Insurance -Meaning, nature and significance essential requirements and principles of risk insurance;

Life Insurance – General Principles of Life Insurance Contract; Proposal and policy; assignment and nomination; title and claims; concept of trust in life policy; Types of LIC Policies.

General Insurance - different types of general insurance; general insurance Vs life insurance; nature of fire insurance ; various types of fire policy ; subrogation; double insurance; claims of recovery. Accident and Motor Insurance - Nature, disclosure, terms and conditions claims and recovery; third party insurance; Compulsory motor vehicle insurance; accident insurance.