101: Fundamentals of
Insurance
Marks: 80
UNIT-I:
Introduction 16
Definition &
Nature of insurance; origin & development of insurance, history of insurance
in India, kinds of insurance, principles of insurance, importance of insurance,
insurance and wagering agreement.
UNIT-II; Life
Insurance 16
Definition of
life insurance, features, benefits of life insurance, procedure for taking life
insurance policy, kinds of life insurance policy, nomination, assignment and
surrender value, revival of lapsed policy, settlement of claims at death and
maturity, items of revenue heads in life insurance company.
UNIT-III; General
Insurance 16
Development of
general insurance in India, Fire insurance- need, procedure of taking fire
insurance policy, procedure of settlement of claims under fire insurance,
double insurance, re-insurance; marine insurance- types of marine insurance
policy, settlement of claims in marine insurance; miscellaneous insurance-
motor insurance, personal accident insurance, livestock insurance, crop
insurance, employees liabilities insurance, burglary insurance, preparation of
revenue account of fire, land, marine insurance company.
UNIT-IV;
Insurance Organizations 16
Organizational
structure- public sector insurance organizations in India, LICI, objectives and
achievements, GIC- mission, organization, functions, private sector insurance
organizations in India, insurance ombudsman.
UNIT-V; Insurance
Intermediaries 16
Insurance Agent;
meaning, procedure for becoming and insurance agent, functions of an insurance
agent, rights of an insurance agent, termination of an insurance agent,
essentials for successful insurance salesman. Surveyors and loss assessors,
brokers, third party administrators, bank assurance.
Suggested
Books/Readings:
Principles
of Insurance and Risk Management Alkamittal, S.l. Gupta, Sultan Chand &
Sons.
Insurance
and Risk Management, Dr. P.K. Gupta, Himalaya Publishing House.
Insurance
Principles and Practice, M.N. Mishra, S.B. Mishra, S. Chand.
Introduction
to Risk Management and Insurance Marks S. Dortman, Pearson Education.
Principles
and Practice of Insurance M.Motihar, Sharda Pustal Bhawan, Allahabad.
Insurance
–Principles and Practice –Indrajit Singh, Rakesh Katyal, Sanjay Arora –Kalyani
Publishers.
Fundamentals
of Insurance –Principles and Practice –Dr. S. Sikidar, Dr. P.K. Nath, Dr. G.
Nath –Abhilekh, Guwahati.
Principles
and Practice of Insurance –G.S. panda –Kalyani Publishers.
IRDA
Act. 1999.
Principles
& Practice of Insurance, Insurance Institute of India, Mumbai.
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