Fundamentals of Insurance - DF25S52

This study material provides a clear and practical foundation in how insurance works, why it is needed, and how it protects individuals, families, and businesses from financial risks. Students learn key principles of insurance, types of life and general insurance products, premium calculation, bonuses, underwriting, and the complete claim process. The book also explains the role of IRDAI, important policy documents, group insurance, rating, and risk assessment. With simple explanations, real examples, and structured chapters, it equips learners with the essential knowledge required to understand insurance, make informed decisions, and navigate real-world financial protection systems confidently.