BANKING AND INSURANCE

Class IX / Subject Code - 411
Banking and Insurance is a career that offers opportunities to students from all streams, be it commerce, Humanities or science. However, good analytical skills help to make a career in banking and insurance.

Course Objective

In this Course students will be introduced with the basic concepts of Banking and Insurance. Students will understand the career opportunities available in this field. Knowledge of Banking and Insurance helps the students to find positions in insurance, personal loans, mortgages, collections and back office operations which are generally vacant and offer opportunities to average students. Banks such as ICICI, Kotak Mahindra, HDFC, RBL Bank, Standard Chartered, Barclay’s, and American Express are some of the companies that hire banking students at all levels.

Course Features

Students with different specializations such as Science, Arts and Commerce can apply for jobs with banks and Insurance Sector Companies after equipping themselves with certificates / diplomas that provide them with the basic knowledge required in the banking /
insurance sector organizations


Salary packages of students getting placed abroad are really huge and provide excellently scope for professional and personal growth.

Instructor
Banking and Insurance today is a niche career for enthusiasts. For the beginners, it is the first step towards understanding the global economy, discovering the challenges of the market place and identifying themselves with a career that provides them with tremendous opportunities, both within the country and abroad.

Course Content

1.1. Definition of Banking
1.2. Definition of Customer
1.3. Classification of Banks
1.4. Functions of a Bank
Banks’ functions can be segregated into Primary and Secondary functions as follows:
1.5. Relationship between Banker and Customer
2.1. Demand Deposits
2.2. Term Deposits:
2.3. Other Deposit Scheme
2.4. Types of Account Holders
2.5. Opening of Accounts
2.6. Cash Book, Pass Book & Bank Reconciliation Statement
3.1. Credit Cards & Debit Cards
3.2. Automated Teller Machines (ATMs)
3.3. Core Banking
3.4. Standing Instructions
4.1. Risk
4.2. Financial Implications of Risk
4.3. Insurance — Mechanism of Covering Risk
1.4. Functions of Insurance
4.5. Benefits of Insurance
4.6. Insurance Policy
4.7. Life vs General Insurance
5.1. Brief History of Insurance in India
5.2. Regulatory Authority for Insurance Sector
5.3. Private Investment in Insurance Sector
5.4. Structure of Insurance Business in India