Insurance: Fundamentals, Environment and Procedures

Insurance Business has emereged as one of the prominent areas of financial services during recent times particularly in developing economies where it could not grow much prior to globalization. The pace of growth of insurance sector has accelerated with the process of opening up of such economies to outside world under WTO regime. Insurance performs remarkable functions by insuring the insurable public and property located at different places. The insurance sector provides a vast and discrete scope for a textbook reflecting on its fundamentals and procedural imperatives vis-?-vis the current economic environmental in the country. The need for good textbook on the subject therefore cannot be taken as an exaggerated option in the present times. The present book on insurance fundamentals, environment and procedures is an attempt to come up to the expectation of those who are roaming for productive and meaningful text on the subject matter. This book has been divided into three parts. First part contains the fundamentals of insurance and has been alienated into ten chapters. The second part is devoted to insurance environment and consist of eight chapters and finally the third part discuses about the procedural aspects of insurance that has been elucidated all the way chapters have been designed into a consistent manner and all particulars provided in the text are in self-instructional mode.