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PI Syllabus

This document outlines a course on Principles and Practices of Insurance. The course is offered in the 5th semester with 3 credits and 45 hours of theory. The course objectives are to explain insurance concepts and cover risk, provide an overview of insurance functions and contracts, and highlight major insurance products. The course is divided into 5 units that cover topics like risk handling, life and general insurance principles, claim procedures, fire and marine insurance policies, motor and health insurance terms and conditions. Upon completing the course, students will be able to identify and manage risks, understand insurance principles, overview insurance types and contracts, and apply insurance concepts. The course uses lectures, discussions, and seminars for pedagogy.

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41 views3 pages

PI Syllabus

This document outlines a course on Principles and Practices of Insurance. The course is offered in the 5th semester with 3 credits and 45 hours of theory. The course objectives are to explain insurance concepts and cover risk, provide an overview of insurance functions and contracts, and highlight major insurance products. The course is divided into 5 units that cover topics like risk handling, life and general insurance principles, claim procedures, fire and marine insurance policies, motor and health insurance terms and conditions. Upon completing the course, students will be able to identify and manage risks, understand insurance principles, overview insurance types and contracts, and apply insurance concepts. The course uses lectures, discussions, and seminars for pedagogy.

Uploaded by

gayathri saravanan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Semester Subject Course Name Paper Theory/ L T P Credit

Code Category Practical Hours

Principles
and Practices
V SBSBA-3 of Insurance Skill Based Theory 45 - - 3

COURSE OBJECTIVES

S. No Objectives

C.OBJ 1 To explain the concept of insurance and how it is used to cover risk.

C.OBJ 2 To enable the students get a broad picture of important functions of insurance and
insurance contract.

C.OBJ 3 To highlight the major Life Insurance and General Insurance Products.

UNIT-I (9 Hours)
Risk: Meaning-Classification of Risk-Methods of Handling Risk. Insurance- Meaning-
Nature and Significance of Insurance-Principles of Insurance- Insurance Regulatory
Development Authority (IRDA).

UNIT-II (9 Hours)
Life Insurance-General Principles of Life Insurance Contract-Claims-LIC-Role and
Functions-Career Opportunities in Life Insurance Sector.

UNIT-III (9 Hours)
General Insurance- Principles of General Insurance- General Insurance Vs Life
Insurance- Claim procedure in General Insurance- GIC-Functions- Reinsurance.

UNIT-IV (9 Hours)
Fire Insurance- Principles of Fire Insurance Contract-Types of Fire Policy- Marine
Insurance-Law relating to Marine Insurance- Types of Policy.

UNIT-V (9 Hours)
Motor Insurance- Nature, Disclosure, Terms, and Conditions Claims and Recovery. Third
Party Insurance- Compulsory Motor Vehicle Insurance- Accident Insurance- Health Insurance-
Nature, Terms and Conditions.

EASC, Department of Business Management, Syllabus (2021-2022 Onwards).


90
COURSE OUTCOME
On Completion of this course the students will be able to
S. No. Course Outcomes Knowledge level
(K1 to K4)
CO 1 To identify the risks and be familiar with the techniques of K2
managing the same.
CO 2 Acquire the conceptual knowledge of the principles of insurance. K2
CO 3 To overlook the types of insurance and handling of claims. K3
CO 4 Explain the concept of insurance documents, processes, and K1
Reinsurance.
CO 5 Apply and practice the insurance contracts. K3

K1 - Remember; K2 - Understand; K3 - Apply; K4 - Analyse; K5 - Evaluate; K6- Create


TEXT BOOKS

S. No. Author (s) Title of the Book Publisher Year of Print

1 M.N. Mishra Insurance Principles and Kalyani Publishers 2008


Practice

REFERENCE BOOKS

S. No. Author (s) Title of the Book Publisher Year of Print

1 M.N.Mishra, Insurance Principles S Chand 2013


Dr.S.B.Mishra and Practices

2 N.D Kapoor Elements of Business New Age International 2008


Law Publishers, New Delhi

3 P.Periyasamy Principles and Himalaya Publishing 2006


Practices of Insurance House

Web Resources

S. No. Unit Topic Web address

1 I Risk and handling of https://onlinecourses.swayam2.ac.in/cec20_


risk mg24/preview

EASC, Department of Business Management, Syllabus (2021-2022 Onwards).


91
Mapping of Course Outcome (CO) with Program Outcome (PO) and Program Specific
Outcome (PSO)

POs &
PSOs PO1 PO2 PO3 PO4 PO5 PSO1 PSO2 PSO3
COs

CO1 H M H M M H H H

CO2 H M M H M M
M H M M H H M H
CO3

CO4 H M M M M M M M

CO5 M H H H H M H

H - High M - Medium

Pedagogy: Chalk & Talk, Lecture, Smart Board, Student Seminar, Group Discussion, Quiz etc.,

Course Coordinator: Dr.N.A.Murugayal

EASC, Department of Business Management, Syllabus (2021-2022 Onwards).


92

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