BBA Semester VI - Insurance
BBA Semester VI - Insurance (Finance Course)
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.

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
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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
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Unit 1.12 Continuation of Privatisation and Liberalisation in India,Unit 1.13 Liberalisation 15:21 15:21
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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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