Admission l Achievements
 
 
09BAF07
 

09BAF07    INSURANCE AND RISK MANAGEMENT

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UNIT I

INTRODUCTION, PRINCIPLES AND STRUCTURE OF LIFE INSURANCE

12

Definition of Insurance - Life Insurance - General Insurance - Legal Position in India 

Principles of a Valid Contract - Special Principles of Life Insurance - Structure of Life Insurance - Life Insurance Intermediaries - Insurance Products and Classes

UNIT II

PRINCIPLES and STRUCTURE OF GENERAL INSURANCE, ACCEPTANCE OF APPLICATION

12

Special Principles of General Insurance - Structure of General Insurance - Intermediaries - Products and Classes

Proposal Form - Underwriting - Role of Intermediary In Selection

UNIT III

STAGES OF PREMIUM

12

Stages in Premium Calculation - Premium Payment - Revival of Lapsed Policies

UNIT IV

CLAIM PROCEDURES, INSURANCE PRICING

12

Claim Notification - Claims Handling - Surveyors and Loss Assessors -Franchise - Arbitration

Insurance Pricing - Fundamentals of Insurance Pricing - Pricing Objectives -Life Insurance Vs. Non Life Insurance Pricing

UNIT V

INTRODUCTION TO REINSURANCE, METHODS OF REINSURANCE

12

Introduction - Reinsurance Market Structure - Trade Barriers - The Historical Development of Reinsurance - Purpose and Objectives

The Methods of Reinsurance - Proportional Reinsurances - Non Proportional Reinsurances

TOTAL: 60

Proportions: 100% Theory

TEXT BOOKS:

Sl.No.

Author(s)

Title of the Book

Publisher

Year of

Publication

1.

Dr.Gupta P K

Insurance And Risk Management

Himalaya Publishing House

2006

2.

Mishra M N

Insurance Principles and Practice

S Chand and Sons

2004

REFERENCE BOOKS:

Sl.No.

Author(s)

Title of the Book

Publisher

Year of

Publication

1.

Gupta R K

Insurance And Risk Managment

Himalaya Publishing House

2005

2

Vivek Gupta

Management Of Insurance Companies

Himalaya Publishing House

2003

3

John R.Ingrisano,

The Insurance Dictionary

S. Chand and Co, New Delhi

2000

4

Publications Of Insurance Institute Of India, Mumbai, On Motor Insurance, Fire Policy Drafting, Marine Underwriting And Miscellaneous (Accident) Insurance

 

 

 

5

Publications Of National Insurance Academy, Pune

WEB URLs:

  • www.irmi.com
  • www.insurance.ccu.com
  • www.ficci.com

 

 

 
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Placement Details 2012
612 Students are placed in 2012 batch on 28.03.2012...Click here to view

 
 
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