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    Shrishti Bs Presentation

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    Juhi Varyani

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    Shrishti Bs Presentation

    Uploaded by

    Juhi Varyani
    10 views10 pages

    Copyright

    © © All Rights Reserved

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    PPTX, PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    10 views10 pages

    Shrishti Bs Presentation

    Uploaded by

    Juhi Varyani

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    Business studies

    presentation

    TYPES OF INSURANCE
    NAME-SHRISHTI
    MITTAL
    CLASS-11TH-A
    SESSION-2023-24
    What do you mean by
    insurance

    • Insurance is a contract
    between the insurer and
    insured in which insurer
    agrees to make good the
    loss of insured on
    happening of an event in
    consideration of a regular
    payment premium. This
    agreement or contract is in
    IMPORTANT TERM USED IN INSURANCE
    CONTRACT
    • The important terms used in insurance
    contract are:
    • 1. INSURER. Is the individual or firm
    known as Insurance company which
    agrees to compensate the loss of insured.
    • 2. INSURED. Is the individual or firm
    who gets compensation of loss. Insured
    pays t amount of premium.
    • 3. HAPPENING OF THE EVENT. It
    refers to the subject matter of policy or the
    kinds of losses cove under the policy, for
    example- in fire insurance, the loss is
    compensated only if it is d fire.
    Life Fire
    insurance insurance

    TYPES OF
    INSURANCE
    Marine Health
    insurance insurance
    LIFE INSURANCE

    • Life insurance is a contract in


    which the beneficiary is paid a
    fixed amount of money by the
    insurer after the death of the
    insured. The beneficiary uses
    this money to clear out the
    debts of the insured and also to
    meet his/her financial expenses
    after the death of the insured.
    FIRE INSURANCE

    • Fire insurance is a type of


    property insurance that
    provides financial protection
    against losses or damages
    caused by fire. In India, this
    insurance policy is essential
    coverage for individuals and
    businesses as it can help to
    protect their assets and
    mitigate the financial impact
    MARINE INSURANCE
    • Marine insurance is a contract
    between the insured and the
    insurer. The insured may be cargo
    owner or a ship owner or freight
    receiver. The insured pays a
    particular sum which is called
    premium, in exchange for an
    undertaking from the insurer to
    indemnify the insured against loss
    or damage caused by the sea
    perils.
    HEALTH INSURANCE
    • Health insurance provides for payment of medical
    expenses in case of illness of the insured person
    and his family. It provides the following types of
    coverage:
    • (i) Basic Medical Expenses. It covers the expenses
    of hospitalisation and doctor's services
    • (ii) Major Medical Expenses. It covers the cost of
    catastrophic (sudden disaster) illness.
    • (iii) Long-term Hospitalisation. It covers nursing
    home charges for elderly people.
    • (iv) Medical Supplement. It fills gaps in medicare
    programmes of social security.
    CONCLUSION
    • Insurance allows businesses
    to take risks and invest in
    new ventures, knowing that
    they are protected in case of
    unforeseen events. This
    security encourages
    innovation and growth,
    leading to job creation and
    economic development. In
    conclusion, taking
    Thank you

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