Sources of Law, Definition of Law; Law of Contract Definition ;
Life Insurance Contract – I & II, Group Life & Other Insurance Schemes; Life Insurance Policies as Property; Rights Under Life Insurance Policies; Claim Settlement;
Tax Laws and Life Insurance ; Protection of Interest of Consumers; Insurance Regulatory And Development Authority Act, 1999
Life Underwriting -Principles & Concepts (Part-1 & 2) ; Underwriting - Structure & Process ; Financial Underwriting ; Occupational, Vocational and Residential risks .
Blood Disorders, Nervous System, Diabetes Mellitus, Thyroid Diseases, Urinary System, Respiratory System, Gastrointestinal and Cardio-vascular system, Disorder of Eyes, Ears and Nose
Marine insurance is essential to overseas trade, inland trade and shipping. It is concerned with the insurance of: a) Goods in transit from one place to another by all modes of transport viz. Sea, inland waterways, rail, road, air and also post parcel and couriers, b) Ships i.e. hull insurance covering loss or damage to the hull and machinery of a vessel during construction, maritime operations, lay-ups, repairs and even breakage. c) Various other interests associated with ships e.g. freight, disbursements and liabilities like ship repairers’; charterers’; stevedores’ liabilities etc. d) Premium e) Incidental charges and profits.
Specifically, the course deals with coverage under basic fire policies and extensions thereof. Fire hazards and loss prevention, Risk Inspection Report, System of rating and underwriting, drafting of policies and endorsements, legal and procedural aspects of claims processing and specialized policies for Petrochemical risks and large Industrial risks.
The course also includes some inputs on overseas fire insurance practice.
Main functions of IRDA and Insurance Councils - AML guidelines - IRDA (Licensing of Insurance Agents) Regulations, 2000 - Mechanisms for dispute resolution
Insurance Legislation – The Insurance Market – Fire and Marine Coverages – Miscellaneous Coverages – Specialized Insurances – Rating and Premium – Claims – Investment & Accounting
Life Insurance Organization – Plans of Life Insurance – Annuities – Group Insurance – Other Special Need Plans – Linked Insurance Plans – Application and Acceptance – Premium Payment – Assignment, Nomination, Loans, Surrenders, Foreclosure Policy Claims – Annexure – Financial Market – Capital Market – Simple Economics
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