Series 2 Speaker Profile
Date of Series Held: January 7, 2025, Tuesday
Duration: 90 Minutes
Series Forum: NIRMA Virtual Conference Platform
NIRMA’s Target Audience:
– Insurance Professionals
– Financial Planners
– Risk Managers
– Academics and Students
– General Public Interested in Financial Security
Speaker of Series:
Dr. Sharda Pandey Lohani
Insurance Expert and Academician
Rastriya Jeevan Beema Company Limited
Corporate Office, Ramshahpath, Kathmandu, Nepal
Association: National Insurance Risk Management Association
LinkedIn: [linkedin.com/in/shardapandey]
(https://www.linkedin.com/in/shardapandey)
Twitter:@DrShardaLohani
Bio:
Dr. Sharda Pandey Lohani is a renowned expert in the field of insurance and risk management, with over 20 years of experience in academia and industry. She holds a Ph.D. in Risk Management and Insurance and has been a key contributor to the development of insurance frameworks in both public and private sectors. Dr. Lohani is a sought-after speaker at national and international conferences, where she shares her insights on life insurance, risk mitigation, and financial planning. She is currently associated with NIRMA, where she leads research initiatives and training programs aimed.
Title of the Session: Life Insurance Fundamentals
Title Presentation Overview:
In this comprehensive session, Dr. Sharda Pandey Lohani will delve into the fundamentals of life insurance, exploring its role in risk management and financial security. The presentation will cover various types of risks, the principles of insurance, and the importance of life insurance in safeguarding individuals and families against unforeseen events. Dr. Lohani will also discuss the broader economic impact of insurance, including its role in capital formation and financial stability.
Key Takeaways:
- Understanding different types of risks and their impact on individuals and businesses.
- The role of life insurance in mitigating personal and financial risks.
- Core principles of insurance, including utmost good faith, insurable interest, and indemnity.
- Practical strategies for choosing the right life insurance policy.
- The economic benefits of insurance, including risk sharing and capital formation.
Summary of Session:
- Introduction to Risk
– Types of Risk: Fundamental, Particular, Dynamic, Static, Pure
– Pure Risks: Personal (premature death, old age), Health, Property, Liability
- Risk Treatment Methods
– Avoidance, Reduction (Mitigation), Retention (Acceptance), Transfer (Insurance)
- Objective of Insurance
– Protection from risk, damage reduction, risk sharing, fear elimination, savings utilization, capital formation
- Types of Insurance
– Life Insurance: Covers life-related risks affecting income
– General Insurance: Covers property and other risks
- Principles of Insurance
– Utmost Good Faith, Insurable Interest, Indemnity, Contribution, Subrogation, Loss Minimization, Proximate Cause.