BBA Semester VI - Insurance
BBA Semester VI - Insurance (Finance Course)
Updated on Feb, 2026
Language - English
Finance and Accounting,Finance,Banking
Lectures -50
Quizzes -1
Duration -5.5 hours
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Course Description
- Definition and nature of insurance
- Role, importance and functions of insurance
- Meaning of insurance and re-insurance
- Principles of insurance
- Types of insurance
- Globalization of insurance
- Insurance sector reforms in India
- Concept of life insurance
- Life insurance procedure for issuing a policy
- Policy loans revival
- Life insurance products – traditional and market-related
- Pension plans
- Group insurance
- Tax treatment of life insurance
- Claims settlement
- Concept of general insurance
- General insurance procedure
- Group insurance
- Group insurance types – Health, Accident, Motor, Fire, Marine insurance
- Claim settlements
a) Policy Documents
- Life insurance policy application and process
- Proposal form and related documents
- Importance of a policy document
- Format of a policy document
- Policy schedule and its various components
- Conditions and privileges in a policy document
- Duplicate policies
- Assignment of life insurance policies
- Conditional assignment
- Absolute assignment
- Process of assignment
- Nomination
- Process of nomination
- Features of nomination
- Assignment vs. nomination
- Surrender of policies
- Foreclosure of insurance policies
- Types of policy claims
- Survival benefits
- Death claims
- Maturity
- Documents required for processing early claims
- Early claims and non-early claims
- Death due to unnatural causes or accidents
- Nomination
- Assignment
- Waiver of evidence of title
- Claims concession clause and extended claims concession clause
- Presumption of death
- Insurance riders
- Accidental death benefit rider
- Permanent death benefit rider
- IRDA regulations for claim payments
Curriculum
Check out the detailed breakdown of what’s inside the course
Introduction to Insurance
12 Lectures
-
Introduction to the topic , study plan and the structure
03:51
03:51
-
Unit 1.2. Brief history of insurance
05:13
05:13
-
Unit 1.2. Continuation of Brief history of insurance..
05:32
05:32
-
Unit 1.3 Highlights of Indian Insurance,Unit 1.4 Need for Insurance
16:07
16:07
-
Unit 1.4 Continuation of Need for Insurance
03:39
03:39
-
Unit 1.5 Types of Insurance
04:28
04:28
-
Continuation of types of insurance,Importance of Insurance Industry, Role of insurance in economic development
13:38
13:38
-
Unit 1.8. Insurance and social security
03:50
03:50
-
Unit 1.10 IRDA's mission
03:40
03:40
-
Unit 1.11 Recent initiatives taken by IRDA
01:58
01:58
-
Unit 1.12 Continuation of Privatisation and Liberalisation in India,Unit 1.13 Liberalisation
15:21
15:21
-
Unit 1.9. Reforms in Insurance sector
03:19
03:19
Life Insurance
4 Lectures
General Insurance
8 Lectures
Policy documents and assignment, nomination and surrender of policy
9 Lectures
Policy Claims
16 Lectures
Skill Test
1 Lectures
Instructor Details
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