Author : Prof. Priya Ranjan Trivedi
Publisher :
ISBN 13 : 9788171391394
Total Pages : pages
Book Rating : 4.3/5 (913 download)
Book Synopsis Encyclopaedia of Insurance Business and Management (8 Vols. Set) by : Prof. Priya Ranjan Trivedi
Download or read book Encyclopaedia of Insurance Business and Management (8 Vols. Set) written by Prof. Priya Ranjan Trivedi and published by . This book was released on 2008-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In India, insurance has a deep-rooted history. It finds mention in the writings of Manu (Manusmrithi), Yagnavalkya (Dharmasastra) & Kautilya (Arthasastra). The writings talk in terms of pooling of resources that could be redistributed in times of calamities such as fire, floods, epidemics and famine. This was probably a pre-cursor to modern day insurance. Ancient Indian history has preserved the earliest traces of insurance in the form of marine trade loans and carriers contracts. Insurance in India has evolved over time heavily drawing from other countries, England in particular. Today, only one business, which affects all walks of life, is insurance business. That s why insurance industry occupies a very important place among financial services operative in the world. Owing to growing complexity of life, trade and commerce, individuals as well as business firms are turning to insurance to manage various risks. Therefore a proper knowledge of what insurance is and what purpose does it serve to individual or an organisation is therefore necessary. Insurance is a mechanism that ensures an individual to thrive on adverse consequences by compensating the individual his/her loss financially. Every individual in this world is subject to unforeseen and uncalled for hazards or dangers, which may make him and his family vulnerable. At this place, only insurance helps him not only to survive but also recover his loss and continue his life in a normal manner, which would otherwise be unthinkable.The term insurance can be defined in financial as well as in legal terms. The financial definition deals with the funding or financial arrangement of the losses whereas the legal definition deals with provisions relating to legally enforceable contract.This 8 Volume Encyclopaedia will be quite useful for understanding different facets of Insurance Business, Corporate Procedures and Practices, Life Insurance, General Insurance, Agency Management Customer Relations, Insurance Claims, Products and Services, besides Case Studies in Insurance Business.