Practical Aspects of Risk & Insurance Management

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Dr. Pradeep Singh Soni & Dr. Meenakshi Bindal

BBA, University of Rajasthan, Fourth Semester

Syllabus
Unit-I
 
Principles of Insurance: Insurable Interest, Utmost Good Faith, Warranties, Causa Proxima, Subrogation.
 
Unit-II
Types of Insurance Contract: Essential Elements of Insurance Contract, Difference between General Contract and Contract of Insurance, Life Insurance Contract, Insurance Policy – Under Insurance, Over Insurance and Reinsurance.
 
Unit-III
Life Insurance Agents: Meaning of an Agent, Appointment of an Agent, Essential Qualities of an Ideal Insurance agent, Prerequisites of a Successful Agent.
 
Unit-IV
Calculation of Premium and Settlement of Claims in Life Insurance: Basis of Premium, Calculation, Settlement of Claims by Death, by Maturity and Other Claims.
 
Unit-V
Insurance Act, 1938 (Main Provisions Only): IRDA Act, 1999.
UOR/BBA/4/02
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