Banking And Insurance Management

Syllabus

Code: DSC-1C

Banking and Insurance Management

UNIT I                                                                                                               10 hours

Bank - Definition, Classification of Banks, Functions of Commercial Banks, Role of Banks in Economic Development.

Banker – Customer – Definition, Relationship Between Banker and Customer, Opening of Different Types of Accounts, KYC Norms. Precautions to be Taken by Banker in Dealing with Special Types of Customers (Including Minors - Joint Account Holders. Partnership Firms - Joint Stock Companies with Limited Liability-Executors and Trustees-Clubs and Associations-Joint Hindu Family)

UNIT II                                                                                                                 8 hours

Cheque - Meaning, Essentials, Types of Cheques, Crossing- Types of Crossing, Marking, Alteration, Mutilation, Endorsement-Types.

Bill of Exchange - Meaning, Characteristics, Parties to a Bill of Exchange, Bills Discounting, Difference Between Bill of Exchange and Cheque.

UNIT III                                                                                                             10 hours

Loan & Advance - Types of Advance- Loans, Cash, Credits, Overdrafts, Letter of Credit, Precaution to be Taken by the Banker at the Time of Advance.

Online Banking and Mobile Banking - Meaning, Services Provided, Advantages and Disadvantages, Green Banking Concept.

UNIT IV                                                                                                                8 hours

Insurance - Definition, Insurer, Insured, Insurance Contract, Fundamentals of Insurance, Double Insurance, Re-Insurance.  

Role of Insurance - Benefits to Industry, Business and Society.             

UNIT V                                                                                                                 8 hours

Types of Insurance - Life, Marine, Fire and Miscellaneous Insurance- Types and Features.

UNIT VI                                                                                                                6 hours

Legal Aspects of Insurance - Indian Contract Act, Special Features of Insurance Contract. Insurance Laws, Insurance Act, LIC Act, IRDA Act.