Basic principles of Insurance

Basic principles of Insurance

Mrs Shanmuga Priya, Guest Lecture,SOEL, Chennai. delivered a special Lecture as part of academic activity and research on 18/10/2019 for the subject Law of Insurance (EB0801)at LH2 she covered the basic principles of Insurance and discussed various case law and shared her experience relating to Motor Compensation case further she also discussed the kinds of Insurance and it's Nature , contract of Indemnity and discussed the concept of Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.