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BBA Semester VI - Insurance

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BBA Semester VI - Insurance

BBA Semester VI - Insurance (Finance Course)

updated on icon Updated on Jun, 2025

language icon Language - English

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category icon Finance and Accounting,Finance,Banking

Lectures -50

Quizzes -1

Duration -5.5 hours

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Course Description

UNIT - I : INTRODUCTION TO INSURANCE :

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 and insurance sector reforms in India.

UNIT - II : LIFE INSURANCE :

Life insurance- procedure for issuing a policy, policy loans revival

The concept of life insurance, life insurance products- traditional and market related, pension

plans, group insurance, tax treatment of life insurance, claims settlement.

UNIT - III : GENERAL INSURANCE :

Concept of General Insurance procedure, group insurance, Group Insurance Types – Health,

Accident, Motor, fire insurance marine insurance, claim settlements.

UNIT – IV : POLICY DOCUMENTS AND ASSIGNMENT, NOMINATION &

SURRENDER OF POLICY:

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.

b) Assignment, Nomination & Surrender of Policy: 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.

UNIT – V : POLICY CLAIMS :

Types of Policy Claims – Survival Benefits – Death Claims – Maturity Documents required

for Processing Early Claims Processing State – Early Claims and Non-early Claims –

Documents required for Processing Early Claims – Death due to Un-natural 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.


BBA Semester VI - Insurance

Curriculum

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

Introduction to Insurance

12 Lectures
  • play icon Introduction to the topic , study plan and the structure 03:51 03:51
  • play icon Unit 1.2. Brief history of insurance 05:13 05:13
  • play icon Unit 1.2. Continuation of Brief history of insurance.. 05:32 05:32
  • play icon Unit 1.3 Highlights of Indian Insurance,Unit 1.4 Need for Insurance 16:07 16:07
  • play icon Unit 1.4 Continuation of Need for Insurance 03:39 03:39
  • play icon Unit 1.5 Types of Insurance 04:28 04:28
  • play icon Continuation of types of insurance,Importance of Insurance Industry, Role of insurance in economic development 13:38 13:38
  • play icon Unit 1.8. Insurance and social security 03:50 03:50
  • play icon Unit 1.10 IRDA's mission 03:40 03:40
  • play icon Unit 1.11 Recent initiatives taken by IRDA 01:58 01:58
  • play icon Unit 1.12 Continuation of Privatisation and Liberalisation in India,Unit 1.13 Liberalisation 15:21 15:21
  • play icon Unit 1.9. Reforms in Insurance sector 03:19 03:19

Life Insurance

4 Lectures
Tutorialspoint

General Insurance

8 Lectures
Tutorialspoint

Policy documents and assignment, nomination and surrender of policy

9 Lectures
Tutorialspoint

Policy Claims

16 Lectures
Tutorialspoint

Skill Test

1 Lectures
Tutorialspoint

Instructor Details

Tutorialspoint

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