Functions & Benefits of insurance

Overview

List primary and secondary functions of insurance. Explain the benefits accruing to the insured State why insurance is beneficial Reasons why Insurance would be encouraged.

Lesson details

Class: SS1
Subject: Insurance
Theme: Introduction To Insurance
Duration: 30:12

What you'll learn

Primary Functions -Spreading of Risks
Secondary Functions- -Loss Prevention - Security etc.
Importance of Insurance Benefits
Benefits accruing to individuals, society and business organizations.

Other lessons

Functions & Benefits of insurance SS1 · Insurance
Historical development of insurance SS1 · Insurance
Utmost good faith SS1 · Insurance
Hazards SS1 · Insurance

Functions & Benefits of insurance

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