Practical on Insurance

Paper Code: 
24SBFS204
Credits: 
4
Contact Hours: 
120.00
Max. Marks: 
100.00
Objective: 

The course will enable the students to gain practical skills in evaluating various insurance products, assessing risk management strategies, understanding policy terms and conditions, and applying regulatory knowledge to real-world insurance scenarios

Course Outcomes: 

 

 

Course

 

 

Learning outcome (at course level)

Learning  and Teaching Strategies

Assessment Strategies

Course Code

 

 

Course Title

 

 

24SBFS204

Practical on Insurance

 (Practical)

 

CO85 Develop skills to understand and use insurance-related documents.

CO86 Compare different insurance plans.

CO87 Synthesize detailed reports on the various life insurance policies on different parameters based on in-depth research.

CO88 Development understanding of documentary aspects related to different types of insurance plans.

CO89 Examine the claim settlement procedure in different insurance companies through Presentations.

CO90 Contribute effectively in course-specific interaction

Approach in teaching: Blended Learning, Collaborative approach, Interactive Lectures, Discussion, Group Projects, PowerPoint presentation.

   

Learning activities for the students:

Self-learning assignments, Seminar presentations, Case Study Analysis, Brainstorming activities

 

Class tests, CA Test,

Semester end examinations, Quiz,

Evaluation of student Presentations,

 

Evaluation of Individual and group projects,

 

Assessment of Project Reports and viva voce.

 

24.00
Unit I: 
Filling different Insurance plans

Filling of Insurance form (endowment, market link, annuity, term plans)

24.00
Unit II: 
Comparing Insurance Plans

Discussion and Preparation/Presentation of Report on comparison of two insurance plans of various companies.

24.00
Unit III: 
Life Insurance Companies

Visit the Websites of five different Insurance Companies Offering Life Insurance. Get details on the Various Policies Offered by them and prepare a Comprehensive Report for each of these Companies.

24.00
Unit IV: 
Application form

List the documents to be submitted for applying for each type of insurance (You can obtain sample application forms from the relevant insurance company.)

24.00
Unit V: 
Claim Procedure

Explain through the presentation the claims procedure along with requirements for claiming insurance at the time of occurrence of the insured event.

Essential Readings: 

1. MJ Mathew,”Risk Management And Insurance”,RBSA Publications, Jaipur.
2. “Risk And Insurance Management” Dr. R.K. Kothari, Dr. Ukesh jain, RBD publications, Jaipur
3. Neelam C. Gulati,” Principles Of Insurance Management", Excel Books.
4. Insurance management(text and cases), Swarup C. Sahoo, Suresh C.Das, Himalaya publishing house

References: 

1. Principles of risk management and Insurance, George E. Rejda, Pearson Publication
2. Insurance and risk management, P.K. Gupta, Himalaya Publishing House
3. Life Insurance module, Vol.I,II
e-Resources
1. https://books.askvenkat.org/risk-management-insurance-book-pdf-free...
2. https://books.askvenkat.org/mba-books-free-download-pdf
3. https://archive.org/details/riskmanagementin0011trie
4. National Digital Library
5. World EBook Library
6. IRDA Journal
7. FIIB Business Review- http:// sagepub.com
8. Directory of Open Access Journals
9. R.B.I. Bulletin.

Academic Year: 
2024-2025
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