Scribd
Upload
81 views2 pages

Key Concepts in Life Insurance

The document outlines the fundamentals of insurance across five units, covering topics such as types of policies, principles of insurance, and the role of insurance in commerce and industry. It includes detailed discussions on various insurance types, contracts, and the procedures for becoming an insurance agent. Each unit consists of specific questions aimed at evaluating understanding of key insurance concepts and practices.

Uploaded by

dharshanabharathi777
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
81 views2 pages

Key Concepts in Life Insurance

The document outlines the fundamentals of insurance across five units, covering topics such as types of policies, principles of insurance, and the role of insurance in commerce and industry. It includes detailed discussions on various insurance types, contracts, and the procedures for becoming an insurance agent. Each unit consists of specific questions aimed at evaluating understanding of key insurance concepts and practices.

Uploaded by

dharshanabharathi777
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Fundamental of Insurance

Unit 1
10marks:
[Link] are the types of endowment policies? Explain.
[Link] the principles of insurance.
[Link] the importance of Insurance.
[Link] the role of Insurance in the development of Commerce and Industry.
[Link] between life and other types of Insurance.
[Link] the various types of insurance.

Unit 2
10Marks
1. Write a note on:
(a) Lapse of policy
(b) Surrender value
(c) Paid up value
(d) Claim
2. Explain the various kinds of insurance contract
3. Explain the difference between nomination and assignment
4. Describe the types/Kinds of life policy
5. Explain the concept of revival of landscape policy
6. Explain the role of LIC of India
Unit 3
10 Marks:
1. Explain the different types of Fire insurance.
2. Describe the type of fire policies.
3. Explain the difference between Double Insurance and Re-Insurance.
4. Describe the different kinds of Marine Insurance Policies.
[Link] the various kinds of ‘perils of the sea’.
[Link] the steps involved in settlement of maturity claims in life insurance.
Unit 4
10mark
[Link] in detail the various kinds of marine losses
[Link] the importance of Cattle insurance.
[Link] the benefits/features of Crop Insurance.
[Link] a detailed note on personal accident insurance.
[Link] the various policies offered under Engineering Insurance.
[Link] in detail the fundamental principles Of Motor Insurance
7. Enumerate the types of burglary insurance.
8. Explain the kinds of engineering insurance.

Unit 5
10 Marks:
1. Discuss the procedure for becoming an agent.
2. Explain the essential qualities required for a Successful Agent?
3. Define Agent and discuss types of Insurance Agents.
4. Discuss the terms “Duration of License” and “Cancellation of License”.
5. List out the circumstances for termination of agency.
6. What are the various types of agents?

You might also like