An Overview of Insurance Sector (FC – IV)

₹160.00

SYBBI — SEMESTER – IV

Author: N. Lakshmi Kavitha

Lakshmi Chandrasekaran

FIFTH EDITION

Categories: BBI, Foundation Course – Elective, S. Y. BBI, Semester - IV

Description

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.