Description
This course is offered by LOGIVeda, the best Digital Institute for the Logistics Sector. This course describes the Fundamental Principle of Insurance - what is Insurance, why Insurance is important and the Acts governing Insurance business. There are fundamental elements of Insurance such as Utmost good faith, Indemnity, Insurable Interest, Causa Proxima, Risk must attached, Mitigation of loss, Contributions, Subrogation, Loss minimization and law of large numbers, which is explained here. It also describes about the charging assets.
Requirements
This course does not have any pre-requisite.
You'll learn in this module
Upon successfully completing the course, the student will be able to
- Understand fundamental principles of insurance.
- Understand what is utmost good faith, indemnity, insurable interest, mitigation of loss and law of large numbers amongst other basic principles.
- Understand what is meant by charging assets.
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