Alagappa University 2007 M.Com Insurance Management PRINCIPLES AND PRACTICE OF LIFE INSURANCE - Question Paper

DISTANCE EDUCATION
M.Com. (IM) DEGREE EXAMINATION, DECEMBER 2007.
PRINCIPLES AND PRACTICE OF LIFE INSURANCE

Time : 3 hours Maximum : 100 marks
PART A — (5 x eight = 40 marks)
ans any 5 ques..

1.Explain the nature of Life Insurance Contract.

2.How will you replace and combine Life Policies?

3.Explain the judgement method of risk classification.

4.Bring out the features of principles of risk measurement.

5.How paid up value and surrender value of policies calculated?

6.How evidence of title established?

7.What are surplus? How they are calculated?

8.How supervisions are made in LIC?

PART B — (4 x 15 = 60 marks)
ans any 4 ques..

9.Explain the meaning, nature and principles of Insurance.

10.Compare and contrast whole life and annuity life policies.

11.Explain with suitable examples, the different sources of risk informations.

12.Explain the steps in the computation of single premium and annual premium.

13.Explain the different policy proposal form and related needed documents and their necessities.

14.How and when settlement of claims made?

15.Write short notes on :
(a)Surplus
(b)Bonus choices
(c)Valuation.

Earning:   Approval pending.