Course No.: 602. INSURANCE MANAGEMENT(INMT
XXII)
Marks: 80 Hours: 40
Objective:
The course will acquaint the students with various insurance product and its management.
Course
Contents:
UNIT-I:
Saving and Investment Schemes-shares, units, capital market, mutual funds vis Ã
vis-insurance- group insurance, pension plans, health related insurance etc. 20 : 10 hrs
UNIT-II:
Tax benefits under insurance policies; life cycle needs-including solutions;
matching of the customer needs and requirements to available products-
comparison between different product offered-chargeable `premium and coverage 20 : 10 hrs
UNIT-III:
Computation of premiums/bonuses: premium calculations-including rebate, mode of
rebate-sum assured policies rebate-extra premiums, under premiums- computation
of benefits, surrender value, paid up value. 20 : 10 hrs
UNIT-IV:
Insurance documents- proposal forms and other relevant forms,. Premium
receipts/renewal premium receipt-policy contract-bonus notice. Life Insurance
products-traditional /unit linked policies 20 : 10 hrs
Text
and Reference Books::
1.
Mishra M.N: Insurance Principles and Practice; S. Chand and Co, New Delhi.
2.
Vinayakam N., Radhaswamy and Vasudevan SV; Insurance- principles and Practice,
S. Chand and Co., New Delhi.
3.
Gupta OS: Life Insurance; Frank Brothers, New Delhi.
4.
Mishra MN: Life Insurance Corporation of India, Vols I, II & III; Raj
Books, Jaipur.
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