Book Details

Practice of Life Insurance (O.U)

Practice of Life Insurance (O.U)

Published by SIA Publishers and Distributors (P) Ltd.

Course Code : B.Com III-Sem (O.U)
University : Osmania University
Regulation : 2020
Categories : Engineering
Format : ico_bookPDF (DRM Protected)
Type :


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Description :



Introduction to Life Insurance and Types of Life Insurance Polices and Premium Calculation Meaning, Evolution, Growth and Principles of Life Insurance – Life Insurance Organizations in India – Competition and Regulation of Life Insurance. Types of Life Insurance Policies – Term, Whole Life, Endowment, Unit Linked With or Without Profit Policies – Customer Evaluation – Policy Evaluation – Group and Pension Insurance Policies – Special Features of Group Insurance/Super Annuation Schemes – Group Gratuity Schemes. Computation of Premiums – Meaning of Premium, its Calculation – Rebates – Mode of Rebates – Large Sum Assured Rebates – Premium Loading – Rider Premiums – Computation of Benefits – Surrender Value – Paid up Value.


Settlement of Claims Risk and Underwriting and Financial Planning and Tax Saving Settlement of Claims: Intimation Procedure, Documents and Settlement Procedures - Underwriting: The Need for Underwriting – Guiding Principles of Underwriting – Factors Affecting Insurability – Methods of Risk Classification – Laws Affecting Underwriting - Financial Planning and Taxation: Savings – Insurance vis-a-vis- Investment in the Units Mutual Funds, Capital Markets – Life Insurance in Individual Financial Planning – Implications in IT Treatment.

Note : Practice of Life Insurance (O.U) B.Com III-Sem (O.U) 2020-21

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Publisher Name: SIA Publishers and Distributors (P) Ltd.

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