Licentiate Examination - IC 01 - Principles of Insurance Exam - Important Points
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Health insurance - Health insurance cover treatment costs which require hospitalisation (including domicillary treatment). Health insurance can indemnify hospital costs or provide fixed benefits.
Types of health insurance - Individual policy, Family floater policy, Group health insurance policy
Liability insurance - Liability insurance provides indemnity (protection against financial loss payable under law) for injuries to third parties or their property, The policy covers indemnity for professionals providing servicies such as doctors lawyers, accountants, engineers, etc.
Liability insurance - Professionals run the risk of being charged with negligence and subsequent liability for damages, Liability insurance can be broadly categorised into Public Liability. (Industrial and Non-Industrial), Product Liability, Professional Indemnity and Errors & Omissions Policy.
Miscellaneous - Fidelity guarantee, Overseas medical insurance, Workmen's compensation insurance, Engineering insurance, Boiler and pressure plant, Aviation insurance, Industrial All Risks, Other miscellaneous insurance
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