INTRODUCTION TO GENERAL AND LIFE INSURANCE

Unit I :     General Insurance : Definition and Application  — Nationalization of generl Insurance in India –Privatization and Globalization of General Insurance in India.

Unit II :   Need for General Insurance –  Types of General Insurance – Reinsurance – special terms used in reinsurance – Importance  and Fundamentals in reinsurance.

Unit III :  Meaning of risk – Types of risks – Risk analysis – Risk Management Techniques – Risk retention.

Unit IV:    Concept of Life insurance – Types of Life insurance – Importance of Life insurance. Basic premium calculations of life insurance.

Unit V :    Traditional products  and Linked products  in Life insurance – Annuities and group policies.

Reference

• Principles of Insurance” – Book Code IC 01 – Institute of Insurance of India.
• Dorfman S. Mark, Introduction to risk management and insurance Prentice, hall India 2005
• Inroduction to Insurance Mathematics by Annamaria Olivieri , Ermanno Pitacco.