An Overview of Insurance Sector (FC – IV)
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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 |
|
| 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. |
