Download OU B.Com 2018 June 2nd Year 2nd Semester 3543 Practice of Life Insurance Question Paper

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Code No. 3543/SE

M.Com Examination, May/June, 2018

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PRACTICE OF LIFE INSURANCE

Paper Code - BC - 401

Max. Marks: 40

PART-A (2x5=10 Marks)

Note: Answer any two of the following Questions not exceeding 20 lines each.

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1. Principles of insurance.
2. Grievance redressal mechanism available for insurance.
3. Understand insurance.
4. Procedure for claim settlement.

PART—B (2X15=30 Marks)

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Note: Answer all the questions in not exceeding 4 pages each.

1. Describe the various types of life insurance policies.
   OR
   a) Describe the types of claims, intimation procedure and documents required in claim settlement.
   b) Explain the meaning and issues in calculation of life insurance premium.

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2. What do you understand by underwriting? Describe the need for and the guiding principles of underwriting.
   OR
   a) Explain the meaning and issues in calculation of life insurance premium.
   b) What do you understand by underwriting? Describe the need for and the guiding principles of underwriting.

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