NCFM INSURANCE
Introduction to Insurance
Definition of Insurance
Concept of Insurance / How insurance works
Insurance Act, 1938
Insurance Regulatory and Development Authority (IRDA)
Insurance Advertisements and Disclosure Regulations,2000
Protection of Policy Holders Interest Regulations, 2002
Third Party Administrators (TPA)
Fundamentals of Risk Management
Definition of Risk
Classification of Risks
Definition of Risk Management
Stages of Risk Management
Insurance Contract, Terminology, Elements and Principles
Contract Terminology
Elements of a Valid Contract – Offer and Acceptance, Consideration, Capacity, Legal Purpose
Distinguishing Characteristics of Insurance Contracts
Common clauses and sections in an insurance contract General Insurance
Classification – Life Insurance & Non-Life Insurance
Types of Property Insurance – Fire Insurance, Marine Insurance, and Various types
of Engineering Insurance.
Contractor’s All Risks (CAR) Insurance
Marine cargo insurance
Features of motor insurance
Burglary insurance
Money insurance
Personal and Liability Insurance
Personal Insurance
Mediclaim Policies
Group Mediclaim policy
Personal Accident Insurance (PA)
Liability Insurance
Employers Liability Insurance
Public Liability Insurance
Professional Indemnity Insurance
Product Liability Insurance
Financial Planning and Life Insurance
Financial Planning
Ratios as a tool for financial analysis
Definition of Life Insurance
Law of large numbers
Principles of Insurance and Life Insurance
Types of Life Insurance Policies
Term Insurance
Types of Term Life Insurance
Whole Life Insurance
Endowment policy
Children’s policies
Annuities
Group Insurance
Industrial Life Assurance
Life insurance premium and tax benefits
Insurance Intermediaries
Introduction
Individual agent
Corporate agent
Code of Conduct
Broking regulations
Indian Insurance Market