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B Com Semester IV - Practice of life and GENERAL INSURANCE

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B Com Semester IV - Practice of life and GENERAL INSURANCE

Empowering Financial Futures: Mastering Life and General Insurance Practices

updated on icon Updated on Jun, 2025

language icon Language - English

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category icon Finance and Accounting,Other Finance and Accounting,Insurance

Lectures -13

Quizzes -1

Duration -2 hours

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Course Description

Course Description:

The Practice of Life and General Insurance course in Semester IV of the BCom program offers a comprehensive understanding of the insurance industry, with a particular focus on life and general insurance sectors. This course is designed to equip students with the theoretical knowledge and practical skills needed to navigate the complexities of the insurance market and make informed decisions about life and general insurance products.

Course Content :

1. Premium Calculation and Policy Documents

  •    Introduction
  •    General Insurance Policy Documents and Forms

2. Settlement of claim risk and underwritings and financial planning and tax saving

  •      Financial planning Introduction
  •      Finacial planning process
  •      Mutual funds
  •      Capital Market

Goals

  • Students should understand how life insurance works, including its types (e.g., term insurance, whole life, endowment policies) and the role of life insurance in financial planning.
  • Students should understand how insurance helps individuals and businesses manage risks. 
  • Students should develop the ability to read, understand, and explain insurance policies, including exclusions, inclusions, terms, and conditions.  

Prerequisites

No prior experience is required.

B Com Semester IV - Practice of life and GENERAL INSURANCE

Curriculum

Check out the detailed breakdown of what’s inside the course

PREMIUM CALCULATION AND POLICY DOCUMENTS

3 Lectures
  • play icon Nature of life insurance, Principles of Life insurance 07:17 07:17
  • play icon Continuation of principles, Factors influencing 31:43 31:43
  • play icon Nominations and assignment of policy,Types of Bonus, Types of Surrender value, 20:34 20:34

SETTLEMENT OF CLAIMS RISK & UNDERWRITTINGS AND FINANCIAL PLANNING & TAX SAVING

9 Lectures
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Skill Test

1 Lectures
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Instructor Details

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