Download PTU (I.K. Gujral Punjab Technical University Jalandhar (IKGPTU) M.Com 2020 March (Master of Commerce) 3rd Sem 76834 Principles And Practices Of Insurance Previous Question Paper
Roll No. Total No. of Pages : 02
Total No. of Questions : 17
M.Com. (2018 Batch) (Sem.?3)
PRINCIPLES AND PRACTICES OF INSURANCE
Subject Code : MCOPBI 322-18
M.Code : 76834
Time : 3 Hrs. Max. Marks : 60
INSTRUCTIONS TO CANDIDATES :
1. SECTION-A contains EIGHT questions carrying TWO marks each and students
has to attempt ALL questions.
2. SECTION-B consists of FOUR Subsections : Units-I, II, III & IV. Each Subsection
contains TWO questions each carrying EIGHT marks each and student has to
attempt any ONE question from each Subsection.
3. SECTION-C is COMPULSORY and consists of ONE Case Study carrying TWELVE
marks.
SECTION-A
1. Define Risk.
2. Objectives of Marine insurance.
3. What is Insurance?
4. Define Indemnity.
5. What is ULIP?
6. What is Full disclosure?
7. What is Claim?
8. What is Endowment?
SECTION-B
UNIT-I
9. Discuss the nature and scope of Risk Management in detail.
10. Discuss the role and significance of Reinsurance.
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1 | M-76834 (S32)-2215
Roll No. Total No. of Pages : 02
Total No. of Questions : 17
M.Com. (2018 Batch) (Sem.?3)
PRINCIPLES AND PRACTICES OF INSURANCE
Subject Code : MCOPBI 322-18
M.Code : 76834
Time : 3 Hrs. Max. Marks : 60
INSTRUCTIONS TO CANDIDATES :
1. SECTION-A contains EIGHT questions carrying TWO marks each and students
has to attempt ALL questions.
2. SECTION-B consists of FOUR Subsections : Units-I, II, III & IV. Each Subsection
contains TWO questions each carrying EIGHT marks each and student has to
attempt any ONE question from each Subsection.
3. SECTION-C is COMPULSORY and consists of ONE Case Study carrying TWELVE
marks.
SECTION-A
1. Define Risk.
2. Objectives of Marine insurance.
3. What is Insurance?
4. Define Indemnity.
5. What is ULIP?
6. What is Full disclosure?
7. What is Claim?
8. What is Endowment?
SECTION-B
UNIT-I
9. Discuss the nature and scope of Risk Management in detail.
10. Discuss the role and significance of Reinsurance.
2 | M-76834 (S32)-2215
UNIT-II
11. What is Life Insurance? Discuss different types of policies.
12. What are the roles and duties of a Development officer? Discuss.
UNIT-III
13. What is General Insurance? Discuss different types of coverage.
14. Discuss the major types of fire Insurance policies in detail.
UNIT-IV
15. Discuss the major types of health Insurance in detail.
16. Discuss the role and functions of IRDA in detail.
SECTION-C
17. Read the following case and answer the questions :
In the post liberalization period life insurance sector has started gaining new shapes with
newer innovations. Big brands like Reliance, Birla, ICICI, Tata, HDFC, Aviva, ING
Vysya etc. have tied up with foreign insurance partners. Before privatization life
insurance was only provided by the LIC of India. They have monopoly in life insurance
sector. Even though the growth has been remarkable over years, yet the insurance
penetration is pretty low. The life insurance average index shows that the number of
policies sold is very low viz., 13.2 per 100 persons in India compared to the Asian
counterparts' countries like Malaysia and Japan where it is 37.0 and 201.4 respectively.
Even the life insurance premium as a percentage of Gross Domestic Product is very low
too and which is expected to increase in coming years indicating a vast potential for all
the life insurance players.
Answer the following questions :
a. What is the central theme of the case study?
b. Why the Indian insurance sector is performing that low?
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.
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This post was last modified on 31 March 2020