english

PRINCIPLES OF INSURANCE

1. INSURANCE CONTRACT (Ex: Contract between Customer & Company)

2. UTMOST GOOD FAITH / UBERRIMA FIDES (Ex: Transparency in the Contract)

3. INSURABLE INTEREST (Ex: Nominee should be Blood Relative)

4. PROXIMATE CAUSE (Ex: Ajay falls from horse...The reason of death of Ajay is falling from horse)

VARIOUS CONCEPTS

1. Protector of Economic Value.
   2. Sharing of Losses of Few by Many
   3. Risk Transfer

ASSOCIATED LEGISLATIONS

1. Insurance Act, 1938
2. IRDAI Act, 1999
3. Money Laundering Act, 2002 04. Consumer Protection Act, 1986

ELIGIBILITY

• Education 10th; Training 25 Hours
• Mono Agent - Form IA; Composite Agent - Form IB * Validity of Appointment Letter 3 years CUSTOMER SERVICE
• Insurance - Intangible Product
• Insurance Selling - Science & Art
• Personal Distance 18 inch to 4 Feet