OPEN ELECTIVES-UG (Arts , Humanities and Commerce)
| Course Name | Basics of Insurance Management |
| Course Code | 24OEL244 |
| Program | BBA (Bachelor of Business Administration) |
| Credits | 3 |
| Campus | Mysuru |
OPEN ELECTIVES-UG (Arts , Humanities and Commerce)
Insurance: Meaning, definition, nature, functions, types, classification on the basis of nature, business and risk Insurance principles: principles, general or essential principles of insurance contract, specific and miscellaneous principles.
Insurance products: Introduction, term life insurance, whole life insurance, endowment type plans, combination of whole life insurance and endowment type plans, children’s assurance plans, annuities and pension plans.
Insurance and economic development: Introduction, role of insurance in economic development.
Growth of life insurance appraisal of insurance sector growth, product diversification by LIC, growth of general insurance after nationalization, issues and problems, future potential in future.
Business insurance: Insurance business in pre and post nationalization, weakness, liberalization, Functions of IRDA, Regulatory investment of funds, Accounting and actuarial standards, features of the revised guidelines, Actuaries Act 2006, International association of insurance supervisors, impact of liberalization, present scenario.
Course Objective:
To enable students to understand the various terms and concepts related to insurance management
Course Outcomes:
Student will be able:
CO1: To understand the various principles of insurance
CO2: To get an idea of various types of insurance products
CO3: To identify the role of insurance in economic development C04: To explore the future potential of the insurance industry C05: To recognize and accommodate business insurance
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|
PO1 |
PO2 |
PO3 |
PO4 |
PO5 |
PO6 |
PO7 |
PO8 |
PO9 |
PO10 |
PO11 |
PO12 |
PO13 |
P014 |
PO15 |
|
CO1 |
1 |
0 |
0 |
1 |
1 |
1 |
1 |
0 |
0 |
1 |
1 |
0 |
0 |
0 |
0 |
|
CO2 |
1 |
0 |
0 |
1 |
1 |
0 |
0 |
0 |
0 |
1 |
1 |
0 |
1 |
0 |
0 |
|
C03 |
1 |
0 |
0 |
1 |
1 |
0 |
0 |
1 |
0 |
1 |
1 |
0 |
0 |
1 |
1 |
|
C04 |
2 |
0 |
1 |
1 |
1 |
0 |
1 |
1 |
1 |
1 |
2 |
2 |
3 |
1 |
1 |
|
C05 |
3 |
1 |
2 |
1 |
1 |
2 |
1 |
1 |
2 |
2 |
3 |
0 |
2 |
0 |
3 |
References:
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