INTRODUCTION TO INSURANCE | SYLLABUS | FOUNDATION COURSE IV

 

1. An Introduction to Life Insurance

A. Life Insurance Business: Components, Human Life Value Approach, Mutuality, Principle of Risk Pooling, Life Insurance Contract, Determinants of Risk Premium.

B. Products of LIC: Introduction to Life Insurance Plans, - Whole Life Insurance, Endowment Assurance, Dividend Method of Profit Particpation Purpose of Plans, Riders in plan - Introduction, Forms and Procedures.

C. Non-Traditional Life Insurance Products (Those of SBI and ICICI - Introduction, Forms and Procedures).

2. An Introduction to Health Insurance: 

A. Health Insurance: Meaning, IRDA Regulations, determinants of Health Insurance, Health Insurance Market in India and Determinants of Risk Premium.

B. SBI and ICICI Health Insurance Plans: Introduction and Forms and Procedures of Hospitalization, Indemnity Products, top up covers, cashless insurance, senior citize plans, critical illness plans and micro insurance.

3. An Introduction to Home and Motor Insurance:

A. Home Insurance: SBI and ICICI plans - Introduction, Forms and Procedures, Inclusions and Exclusions in policies, Determinants of Risk Premium and Impact of Catastrophes on Home Insurance. 

B. Vehicle Insurance: SBI and ICICI plans - Introduction, Forms and Procedures, Determinants fo Risk Premium, Inclusions and Exclusions.

4. Role of Insurance in Logistics:

A. Roel of Insurance in Logistics: Meaning and Importance, Hazards, Protection, Social Security - type of risks and accidents.

B. Fire Insurance: SBI and ICICI plans - Introduciton, forms and procedures, Standard Fires and Special Perils Policy, Tariff system and special policies.