Basic Principles of Insurance

  • Skill Level
  • Lectures
    2 Videos
  • Enrolled
    62 students
  • Sample Certificate

What you'll learn

Insurance can be understood as a form of protection from any possible financial losses. It is a pooling of risks and spreading it over several people in exchange for a premium. The entity that provides insurance is the insurer or insurance company. The entity that buys insurance is the insured or policyholder. read more »»

The insured receives an insurance policy or a contract detailing the conditions or circumstances under which the insurer will compensate the insured. Insurance can affect society in various ways. On the one hand, it can increase fraud; however, it can help individuals prepare for catastrophes. It is based on various principles such as Indemnity, Contribution, Utmost good faith, etc. Learn all about the principles of insurance and more in this course offered by Medvarsity and Dosily.

Who should attend?

  • Entrepreneurs
  • Job seekers in the insurance management sector
  • Individuals aspiring to market insurance products
  • Students wanting to specialize in insurance

Key concepts covered include:

An overview of

  • What is a contract and insurance contract
  • Basics of insurance
  • How to prevent them
  • Principles of insurance


Mr. Rajashekhar Mallapuram

Managing Director at Mallapuram Insurance & Allied Services

  • Associate Financial Planner (AFP) in “Risk Analysis and Insurance Planning” and “Retirement Planning” from the Financial Planning Standards Board of India
  • Life Underwriter Training Council Fellow (LUTCF) and Certified LUTCF Moderator
  • Associate of Insurance Institute of India (AIII)
  • Certified Mutual Fund Advisor
  • Post Graduate Diploma in Business Administration (Information Technology and Finance) from ICFAI Business School
  • Bachelor of Agriculture Science from ANGRAU
For: beginners

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