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CCP104
CCP104
ANDHRA PRADESH
Name : Syed Mohd. Akram
Designation : HCCP
Branch : DCCP
Institute : G.P.W (M), L.B. Nagar
Year/Semester : I Year
Subject : Business Organization
Subject Code : CCP104
Topic : Need and Importance of
Insurance
Duration : 50 Mts
Teaching Aids : PPTs and Animation
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Objective :
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Recap :
We know
Meaning of Insurance
Concept of Insurance
Definition of
Insurance
Insurer
Insured
Premium
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Can you tell the Need of Insurance?
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Insurance is needed where there is
uncertainty
Insurance removes unforeseen risks
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Insurance Business is Concerned
With :
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Assets are Insured because they are
Exposed to Risk which is :
Accidental
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Need of Insurance :
If somebody dies prematurely, the family needs
are to be taken care of
One has to maintain himself in old age
There may be risk of Loss in business
There may be theft or fire and stock is lost
Goods sent on ship may be lost when the ship
drowns
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Need of Insurance :
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Need of Insurance :
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Need of Insurance :
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Summary :
Insurance business is concerned with
Protection of economic value of assets
Life and Assets are insured because they
are exposed to risk which is accidental
Insurance removes different types of risk
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Quiz :
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Quiz :
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Quiz :
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Frequently Asked Questions :
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Assignment :
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