INSURANCE MANAGEMENT
Code: 4.6 Contact Hours: 50 hrs Work load: 4 hrs per week.
Objective: This course enables the students to know the fundamentals of insurance Module ± I Introduction ±Origin of insurance, definition of insurance, insurer, insured, Insurance Contracts-nature of a contract of insurance. Fundamentals of Insurance. (10hrs) Module ± II Functions of Insurance ±Double Insurance- Re insurance, Essential of General Contract as applied to Insurance mentioned under section 10 of the Indian Contract Act. (10hrs) Module ± III Role of Insurance ±Importance use to an industry, business and society.
(8hrs)
Module ± IV Evolution of Insurance-Marine, Fire, Life and Miscellaneous insurance-types of insurance and organization. (10hrs) Module ± V Lloyd¶s Insurance and State Insurance-LIC, KGID, ESI, Deposit Insurance Corporation or Export credit Guarantee Corporation (only outline and objectives of all the above) (12hrs) Reference books: 1. Principles of Insurance Law- M.N. Sreenivasan, M.N. Mishra 2. Bare Acts- Indian Contract Act, 1872, LIC ACT, 1956, GIC Act, 1972 Insurance ±Dins Dale. 3. Elements of Banking and Insurance by Sethi and Bhatia. 4. Insurance ± Theory and Practice, Tripathy & Pal