M.Com-M.Com Insurance Management PRINCIPLES AND PRACTICE OF LIFE INSURANCE(Alagappa University - Directorate of Distance Education-2010)

DISTANCE EDUCATION

M.Com. (IM) DEGREE EXAMINATION, MAY 2010.

PRINCIPLES AND PRACTICE OF LIFE INSURANCE

(Upto 2006 Batch)

Time : Three hours   Maximum : 100 marks

PART A — (5 ´ 8 = 40 marks)

Answer any FIVE questions.

All questions carry equal marks.

1.    Difference between Insurance and Assurance?

2.    What is group insurance?

3.    State the sources of risk information.

4.    Explain the purpose of valuation.

5.    Explain the various forms of payment of surrender value.

6.    What are the general guidelines for settlement of claims?

7.    How to set a duplicate policy? Explain.

8.    Explain the methods of distribution of surplus.

PART B — (4 × 15 = 60 marks)

Answer any FOUR questions.

All questions carry equal marks.

9.    Critically examine the classification of policies.

10.  Define endowment policy. Explain the various types of endowment policy.

11.  Discuss the methods of risk classification.

12.  Discuss briefly claim settlement in general insurance.

13.  Describe the role of Private Life Insurance Companies.

14.  Explain the organizational structure of Life Insurance Company.

15.  What is premium? What are the steps in calculation of premium?

Earning:  ₹ 6.05/-