Tag: IRDAI Grade A
-
Life Insurance, General Insurance & Reinsurance Master Guide: Term, Whole Life, Endowment, ULIP, Annuity, Fire/Marine/Motor/Health Clauses, Co-Insurance vs Reinsurance (Treaty vs Facultative) & Solvency Margin
85,546 views
Insurance Products, Policy Terms, Reinsurance, and Actuarial/Regulatory Ratios form the technical core of UPSC EPFO APFC (‘Basic Knowledge of Insurance’) and IRDAI Grade A. Aspirants must master: (1) The 6 Types of Life Insurance Policies (Pure Term [100% protection, zero maturity value], Whole Life [coverage up to age 99/100], Endowment [Protection + Savings lump sum…
-
History & Regulation of Insurance in India: Oriental Life (1818), Insurance Act 1938, LIC Act 1956, GIC (1972), Malhotra Committee (1993), IRDAI Act 1999, 74%/100% FDI & Bima Sugam/Bima Vistaar
85,546 views
The History and Regulatory Evolution of Insurance in India is a guaranteed 2-to-4-mark area in UPSC EPFO APFC, IRDAI Grade A, and LIC AAO. Every aspirant must memorize the exact chronological milestones from 1818 to 2026: (1) 1818: Oriental Life Insurance Co. in Calcutta (1st Life insurer on Indian soil, founded by Anita Bhavsar/Bipin Behari…
-
Fundamental Principles of Insurance for UPSC EPFO APFC & IRDAI Grade A: Uberrimae Fidei, Insurable Interest, Indemnity, Subrogation, Contribution, Proximate Cause & Loss Minimization
85,546 views
‘Basic Knowledge of Insurance’ is an explicit syllabus pillar in UPSC EPFO APFC and the core foundation of IRDAI Grade A, LIC AAO, and NIACL AO exams. Every aspirant must master the 7 Fundamental Legal Principles of Insurance and their exact statutory exceptions: (1) Principle of Uberrimae Fidei (Utmost Good Faith — voluntary full disclosure…
You must be logged in to post a comment.