General Insurance

Paper Code: 
FSI 516
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to understand basic concept of non life insurance .

9.00
Unit I: 

Fire Insurance : Meaning, characteristics, Significance, Scope, Procedure of affecting fire insurance policy ,Distinction between Life and Fire insurance ,Various types of Fire insurance policies, Conditions on Fire Insurance policies, Claims settlement procedure in Fire Insurance

10.00
Unit II: 

Marine Insurance : Meaning, Scope, Procedure of affecting fire insurance policy ,Distinction between Life and Marine insurance, Distinction between Fire and Marine insurance, Classification of Marine insurance policies, Conditions on Marine Insurance policies, Marine Losses-types, Claims settlement procedure in Fire Insurance.

8.00
Unit III: 

Health Insurance: Types of health insurance policies-individual mediclaim, critical illness policy, Health guard, Hospital cash daily allowance policy, Health shield, Health Insurance schemes in India.

9.00
Unit IV: 

General Insurance : Nationalization of General Insurance, Arguments in favour and against the view of Nationalization, Working of GIC(General Insurance Corporation of India), Role and functions of GIC, Progress/Achievements of GIC

9.00
Unit V: 

Miscellaneous : Motor vehicle insurance-Kinds of policy ,Claims settlement, Fidelity guarantee insurance, Building, Flood Cattle Insurance, crop insurance .Burglary Insurance.

Essential Readings: 

• MJ Mathew,”RiskManagement and Insurance”,RBSA Publications,Jaipur.
• Neelam C.Gulati,”Principles of Insurance Management”,Excel books

References: 

• Karam Pal,B.S.Bodla,M.C.Garg,”Insurance Management:Principles & Practices, Deep& Deep Publications

Academic Year: 
2018-2019
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