Value Added Course
Introduction to General and Life Insurance
Unit I: General Insurance — definition and application; nationalization of general insurance in India; privatization and globalization of general insurance in India.
Unit II: Need for general insurance; types of general insurance; reinsurance — special terms, importance and fundamentals.
Unit III: Meaning of risk; types of risks; risk analysis; risk management techniques; risk retention.
Unit IV: Concept of life insurance; types and importance of life insurance; basic premium calculations.
Unit V: Traditional and linked products in life insurance; annuities and group policies.
References
- “Principles of Insurance” — Book Code IC 01, Insurance Institute of India.
- Dorfman S. Mark, Introduction to Risk Management and Insurance, Prentice Hall India, 2005.
- Annamaria Olivieri & Ermanno Pitacco, Introduction to Insurance Mathematics.