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Principles of Insurance
Shefali Malhotra
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BBA,KurukshetraUniversity, Sixth SemesterSyllabus BBA-311: PRINCIPLES OF INSURANCE Note: There will be Eight Questions in all. A candidate is required to attempt Five Questions including Question No. 1 which is compulsory. Question No. 1 will comprise of Six short answer Questions. All Questions shall carry equal marks. Insurance – Concept, Nature, Classification – Life and Non-Life, Functions, Importance and Evolution of Insurance. Principles of Insurance. Life Insurance – Concept; Public and Pvt. Sector Companies inIndia– their Products, Schemes and Plans; LIC Act 1956 – an Overview. General Insurance – Concept, Types; Public and Pvt. Sector Companies inIndia– their Products, Schemes and Plans. IRDA Act 1999 – Organisation, Guidelines for Life and Non-Life Insurance. Distribution Channel in Insurance – Introduction, Individual Agents – Appointment, Functions, Code of Conduct and Remuneration; Eligibility, Functions, Code of Conduct and Remuneration of Corporate Agents and Brokers. Life Insurance, Documentation in Life Insurance Contract, Claims Settlement in Life Insurance, Documentation in General Insurance Contract, Claims Settlement in General Insurance.
KUK/BBA/6/04
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