Principles of insurance
This is a part of lecture presented by Ms. Divya Jangid Asst. Professor of B.C.S.M. The video is about Principles of Insurance. Insurance is based on principles of “all for one and one for all “and is a business of sharing risk .There are 5 principles of insurance-utmost good faith, insurable interest, indemnity ,contribution, subrogation ,proximate cause.