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Wednesday, 8 April 2015

MAJOR BASED ELECTIVE - III INSURANCE Syllabus For B. Com 6th Semester - Bharathidasan University

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Bharathidasan University B. Com 6th Semester MAJOR BASED ELECTIVE - III INSURANCE Syllabus under 2010 - 2011  

University Name Bharathidasan University
Programme UG-Management and Commerce - Affiliated
Course / Department B. Com
Semester 6th Semester
Regualtion 2010 - 2011
Subject /Course Code MAJOR BASED ELECTIVE - III
Subject Name INSURANCE



MAJOR BASED ELECTIVE - III INSURANCE Syllabus for B. Com 6th Sem - Bharathidasan University
MAJOR BASED ELECTIVE - III INSURANCE Syllabus for B. Com 6th Sem - Bharathidasan University




MAJOR BASED ELECTIVE - III - INSURANCE



UNIT I:
Introduction to insurance: purpose and need of insurance - insurance as a social security tool - insurance and economic development - types of insurance.

UNIT II:
Procedure for becoming an agent: Pre-requisite for obtaining a license - duration of license - cancellation of license - revocation or suspension/termination of agent appointment - code of conduct - unfair practices.

UNIT III:
Fundamentals of agency law: definition of an agent - agents regulations - insurance intermediaries - agents’ compensation - IRDA.

UNIT IV:
Functions of the agent: proposal form and other forms for grant of cover - financial and medical underwriting - material information - nomination and assignment - procedure regarding settlement of policy claims.

UNIT V:
Fundamentals/Principles of life insurance/marine/fire/medical/general insurance: Contracts of various kinds - insurable interest. - actuarial science.

TEXT BOOKS RECOMMENDED:
1. Insurance by Dr.P.Periyasamy - Tata McGraw Hill
2. Insurance in India by P.S.Palande, R.S.Shah.
3. Insurance principles and practices by M ishra M .N - S.Chand & Co.
4. Insurance Regulatory Development Act 1999.
5. Life Insurance Corporation Act 1956.




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