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Pension and Insurance Scheme Analysis

The assignment consists of four sections focusing on various aspects of pension schemes, non-life insurance, regulatory bodies, and loss exposure. Section A requires a comparison of the New Pension Scheme in India with the old scheme, including its demerits supported by examples. Sections B, C, and D cover topics related to marine insurance, the role of the IRDA in regulating insurance, and examples of damages awarded for negligence.

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3 views1 page

Pension and Insurance Scheme Analysis

The assignment consists of four sections focusing on various aspects of pension schemes, non-life insurance, regulatory bodies, and loss exposure. Section A requires a comparison of the New Pension Scheme in India with the old scheme, including its demerits supported by examples. Sections B, C, and D cover topics related to marine insurance, the role of the IRDA in regulating insurance, and examples of damages awarded for negligence.

Uploaded by

samuelrummi
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

Assignment

Marks 15
Section A -Pension Scheme [7 Marks]

1. Write a brief note on the New Pension Scheme of India. Make a comparison between the
New and the old Scheme. Highlight the demerits of the new scheme according to you.
Substantiate the demerits with relevant real life or imaginary examples. [Hint: Try to include
similar examples like investments of SBI in the Adani]

Section B- Non-Life Insurance (Reference: Mishra & Mishra) [3 marks]

1. Write a brief note on Hull Insurance and explain its features.


2. Write a brief on Cargo Insurance and differentiate between hull and cargo insurance.
3. Write a brief on Freight Insurance and state the difference between freight and cargo
insurance
4. Write a brief note on various classes of marine insurance policies. (Reference Mishra &
Mishra)
5. Explain in detail regarding the Motor insurance policy. Elucidate the types of vehicles insured
and the policies under motor insurance (act liability, third party, comprehensive policy)
(Reference Mishra & Mishra)
6. Write a brief on fire insurance and causes of fire (hazards). Explain the principles of rate
fixation and the calculation of average fire rate. (Reference Mishra & Mishra)

Section C- Regulatory Body (Reference: Mishra & Mishra) [2.5 marks]

7. Write a brief note about the regulatory body -IRDA. Elucidate the role, duties and powers in
regulating the insurance sector in India.

Section D- Loss Exposure & Damages (Reference: Rejda & Mc Nammara) [2.5 marks]

8. Give some examples of civil damages and criminal damages that are awarded for negligence

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