Скачать или смотреть LEC-1: INSURANCE LAW || INTRODUCTION TO INSURANCE LAW

Welcome to Lecture 1 of our Insurance Law Series!
In this introductory lecture, we explore the foundations of Insurance Law — how it protects individuals, businesses, and society from financial risks, and why it plays a vital role in a developing economy like India.

👉 Key Topics Covered:

Why Insurance Matters – Economic and social significance of risk coverage

Understanding Insurance – Concept, nature, and purpose of insurance contracts

Historical Evolution of Insurance in India – From the 19th century to the post-liberalization era

Six Fundamental Principles of Insurance:

Utmost Good Faith

Insurable Interest

Indemnity

Subrogation

Contribution

Proximate Cause

Key Principles in Practice – Case-based understanding

Types of Insurance in India: Life, General, Health, Marine, Fire, Motor, and Liability insurance

Regulatory Framework:

Insurance Act, 1938

IRDAI Act, 1999 (Insurance Regulatory and Development Authority of India)

Key Guidelines and Regulations

Insurance Law in the Modern Economy – Role in financial inclusion and digital transformation

The Future of Insurance Law – InsurTech, AI-based risk assessment, and global best practices

This lecture provides a complete overview of the insurance ecosystem, blending legal, economic, and regulatory perspectives to help you understand how insurance law supports financial stability and consumer protection in India.

📚 Ideal for Law Students, Commerce and Finance students, CLAT and UPSC aspirants, and industry professionals seeking conceptual clarity on Insurance Law and Regulation.

💬 Don’t forget to Like, Share & Subscribe for more lectures on Insurance Contracts, IRDAI Guidelines, Policyholder Rights, and Risk Management in India.



#InsuranceLaw #IRDAI #InsuranceInIndia #LawStudents #LegalStudies #InsuranceContract #InsuranceAct #RiskManagement #IndianEconomy #FinancialLaw #BusinessLaw #UPSC #CLAT #LLM #GeneralInsurance #LifeInsurance #InsuranceRegulation #InsurTech #Law #India #LegalEducation