INSURANCE

Class XII / Subject Code - 814
Insurance as a financial intermediary is a commercial enterprise and a major part of the financial services industry, but individual entities can also self-insure through saving money for possible Insurance is a means of protection from financial loss.

Course Objective:

In this course, the students will be introduced to the fundamentals concepts of insurance and features and principles of various general insurance products available in our country. This course prepare the students to take up various positions in the insurance industry .The course is also a stepping stone for students aspiring to undertake higher education in Commerce, Insurance, Management, etc.

Course Features:

In this modern time, money and its necessity is very important. A developed financial system of the country ensures to attain development. To attain development there should be a good developed financial system to support not only the economic but also the society. So, a bank plays a vital role in the socio economic matters of the country.
Instructor

This course provides an introduction to insurance services and financial institutions;
students also compare the operations of different private institution products. Students examine the principles of insurance and the various services of LIC and GIC.

Course Content

Session 1: Types of Insurance
Session 2: General Insurance
Session 3: Importance of General Insurance
Session 4: Different types of General Insurance.
Session 5: History of General Insurance in India
Session 6: Present Structure of General Insurance in India
Session 7: Principles of General Insurance
Session 1: Fire Insurance
Session 2: Procedure for taking Fire Insurance Policy
Session 3: Types of Fire Insurance Policies
Session 1: Marine Insurance
Session 2: Types of Marine Insurance
Session 3: Insurable Interest
Session 4: Sale Contract
Session 5: Types of Marine Insurance Policies
Session 6: Features of Marine Insurance
Session 7: Period of Marine Insurance
Session 8: Deliberate Act
Session 1: Introduction to Motor Vehicle Insurance
Session 2: Classification of Motor Vehicles
Session 3: Classification of Parties
Session 4: Mandatory Motor Vehicle Insurance
Session 5: Liability to pay compensation in certain cases on the principle of no-fault
Session 6: Certificate of Insurance
Session 7: Comprehensive Insurance
Session 8: Exclusions from Motor Vehicle Insurance Policy
Session 9: Forms of Motor Vehicle Insurance Policies
Session 1: Health Insurance
Session 2: Coverage under Health Insurance
Session 3: Sum Insured
Session 4: Features of Health Insurance
Session 5: Types of Health Insurance Policies
Session 1: Difference between Burglary and Theft
Session 2: Burglary and Theft Insurance
Session 3: Losses covered under Burglary and Theft Insurance
Session 4: Exclusions from the Policy
Session 5: Extent of Indemnity
Session 6: The procedure of Claim under Theft or Burglary Policy
Session 7: Format of Theft and Burglary Policy.