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An Overview of Insurance Sector (FC - IV)

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SYLLABUS

No. Modules / Units
1 An Introduction to Life Insurance:
  (A)       Life Insurance Business: Components, Human Life Value Approach, Mutuality, Principle of Risk Pooling, Life Insurance Contract, Determinants of Risk Premium. (B)       Products of LIC: Introduction of life insurance plans - Traditional Life Insurance Plans – Term Plans, Whole Life Insurance, Endowment Assurance, Dividend Method of Profit Participation Purpose of plans, Riders in plan - Introduction, Forms and procedures. (C)        Non-Traditional Life Insurance Products (Those of SBI and ICICI – Introduction, Forms and procedures).
2 An Introduction to Health Insurance:
  (A)       Health Insurance: Meaning, IRDA Regulations, determinants of Health Insurance, Health Insurance Market in India and determinants of Risk Premium. (B)       SBI and ICICI Health Insurance Plans: Introduction and Forms and Procedures of Hospitalization, Indemnity Products, top up covers, cashless insurance, Senior citizen plans, critical illness plans and Micro Insurance.
3 An Introduction to Home and Motor Insurance:
(A)       Home Insurance: SBI and ICICI Plans – Introduction, Forms and Procedures, Inclusions and Exclusions in policies, Determinants of Risk Premium and Impact of Catastrophes on Home Insurance. (B)       Vehicle Insurance: SBI and ICICI Plans-Introduction, Forms and Procedures, Determinants of Risk Premium, Inclusions and Exclusions.
4 Role of Insurance in Logistic:
(A)       Role of Insurance in Logistic: Meaning and Importance, Hazards, Protection, Social Security – Type of Risks and Accidents. (B)       Fire Insurance: SBI and ICICI Plans – Introduction, Forms and Procedures, Standard Fire and Special Perils Policy, Tariff system and special policies.

SYBBI — SEMESTER – IV

Author: N. Lakshmi Kavitha

               Lakshmi Chandrasekaran

FIFTH EDITION

Description

SYLLABUS

No. Modules / Units
1 An Introduction to Life Insurance:
  (A)       Life Insurance Business: Components, Human Life Value Approach, Mutuality, Principle of Risk Pooling, Life Insurance Contract, Determinants of Risk Premium.

(B)       Products of LIC: Introduction of life insurance plans – Traditional Life Insurance Plans – Term Plans, Whole Life Insurance, Endowment Assurance, Dividend Method of Profit Participation Purpose of plans, Riders in plan – Introduction, Forms and procedures.

(C)        Non-Traditional Life Insurance Products (Those of SBI and
ICICI – Introduction, Forms and procedures).

2 An Introduction to Health Insurance:
  (A)       Health Insurance: Meaning, IRDA Regulations, determinants of Health Insurance, Health Insurance Market in India and determinants of Risk Premium.

(B)       SBI and ICICI Health Insurance Plans: Introduction and Forms and Procedures of Hospitalization, Indemnity Products, top up covers, cashless insurance, Senior citizen plans, critical illness plans and Micro Insurance.

3 An Introduction to Home and Motor Insurance:
(A)       Home Insurance: SBI and ICICI Plans – Introduction, Forms and Procedures, Inclusions and Exclusions in policies, Determinants of Risk Premium and Impact of Catastrophes on Home Insurance.

(B)       Vehicle Insurance: SBI and ICICI Plans-Introduction, Forms and Procedures, Determinants of Risk Premium, Inclusions and Exclusions.

4 Role of Insurance in Logistic:
(A)       Role of Insurance in Logistic: Meaning and Importance, Hazards, Protection, Social Security – Type of Risks and Accidents.

(B)       Fire Insurance: SBI and ICICI Plans – Introduction, Forms and Procedures, Standard Fire and Special Perils Policy, Tariff system and special policies.

Narayan Niwas, 161,
Jagannath Shankar Seth Road,
Girgaum, Mumbai 400 004. Maharashtra, INDIA.

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