Download PTU B.Sc (BBE) 2020 March 4th Sem 74373 Principles And Practices Of Insurance Question Paper

FirstRanker.com

Roll No. [ ] Total No. of Pages : 02
Total No. of Questions : 09

--- Content provided by FirstRanker.com ---

B.Sc. Business Economics (BBE) (2015 to 2017) (Sem.-4)
PRINCIPLES AND PRACTICES OF INSURANCE
Subject Code : BBE-406
M.Code : 74373
Time : 3 Hrs. Max. Marks : 60

--- Content provided by‌ FirstRanker.com ---

INSTRUCTIONS TO CANDIDATES :

1. SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks each.
2. SECTION-B consists of FOUR Sub-sections : Units-I, II, III & IV.
3. Each Sub-section contains TWO questions each, carrying TEN marks each.
4. Student has to attempt any ONE question from each Sub-section.

--- Content provided by​ FirstRanker.com ---

SECTION-A

1. Answer briefly :
   1. Explain nomination and assignment.
   2. Elaborate briefly the concept of surrendering life insurance policy.
   3. Elaborate the concept of warranties.
   4. Give the characteristics of insurance contract.

   --- Content provided by​ FirstRanker.com ---

   5. Explain Long term care insurance.
   6. Rate making in insurance
   7. What is surgical insurance?
   8. Disadvantages of insurance brokers.
   9. Duties of insured and insurer in life insurance.

   --- Content provided by‌ FirstRanker.com ---

   10. Role of an underwriter in an insurance company.

SECTION: B

UNIT-I

2. “Life insurance is not a contract of indemnity”. Support this statement. Also elaborate the conditions and terms of the policy and effects of non compliance thereof.

--- Content provided by⁠ FirstRanker.com ---

3. How computation of premium under life insurance is done? Explain with imaginary figures.

UNIT-II

4. Explain the concept of general insurance and discuss the principles of general insurance.
5. Write short notes on :
   1. Commercial property loss exposures
   2. House owners policy

   --- Content provided by‍ FirstRanker.com ---

   3. Marine cargo insurance

UNIT-III

6. Discuss the various life and health insurance policies which employers provide to their employees as an employee benefit package.
7. Explain the following :
   1. Disability income insurance

   --- Content provided by‌ FirstRanker.com ---

   2. Health insurance policy for elderly
   3. Surgical insurance

UNIT-IV

8. What is a claim? Explain the claim settlement process in general insurance.

--- Content provided by​ FirstRanker.com ---

9. “If you can afford your lifestyle then you can afford life insurance” Elaborate and also explain the present scenario of life insurance in Indian industry in India.

NOTE : Disclosure of Identity by writing Mobile No. or Making of passing request on any page of Answer Sheet will lead to UMC against the Student.