Explain the following (2 Marks Each)
[ marks]TPA’s
[14 marks]Micro Health Insurance
[ marks]Term Policy
[ marks]Risk Transfer
[ marks]Claim Management
[ marks]Reinsurance
[ marks]What are the Major principles of Insurance.
[7 marks]Define Risk and list some ways in which risk creates an economic burden for the society.
[7 marks]Define insurance .Explain different types of insurance.
[7 marks]What is Meaning of Reinsurance and explain role of reinsurers in India.
[7 marks]What is Meaning of Fire insurance? Explain the features of fire insurance
[7 marks]Explain meaning of Claim Settlement and General guidelines of Claim settlement in insurance.
[7 marks]What is meaning of underwriting and explain the various steps of underwriting.
[7 marks]Briefly explain the power, functions and duties of IRDA.
[7 marks]Explain difference between Static Versus dynamic risk. .
[7 marks]What are the financial objectives of insurance company
[7 marks]Define Health Insurance .State the various types of health insurance plans offered in India. Page 1 of
[2 marks]Bob is a 25 year old qualified carpenter who is a subcontractor to various builders. He is earning $70,000 gross but pays $20,000 in expenses, most which are fixed expenses ie a leased car and leased equipment. Bob rents an apartment and spends the rest of his earnings of $50,000 on living and entertainment expenses. Bob has little in the way of savings.
[ marks]What insurance could Bob have taken Out ?
[7 marks]07 What are the loss for Bobs if he doesn’t have insurance. OR.
[ marks]What are the benefits of taking insurance for Bob’s
[7 marks]Is Endowment Insurance Plan is Suitable in Bob’s case. ………… Page 2 of
[2 marks]