Download PTU (I.K. Gujral Punjab Technical University Jalandhar (IKGPTU) B.Sc-Business-Economics (Bbe) 2020 March Previous Question Papers
1 | M-74373 (S12)-1355
Roll No. Total No. of Pages :02
Total No. of Questions : 09
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
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.
SECTION-A
1. Answer briefly :
a) Explain nomination and assignment.
b) Elaborate briefly the concept of surrendering life insurance policy.
c) Elaborate the concept of warranties.
d) Give the characteristics of insurance contract.
e) Explain Long term care insurance.
f) Rate making in insurance
g) What is surgical insurance?
h) Disadvantages of insurance brokers.
i) Duties of insured and insurer in life insurance.
j) Role of an underwriter in an insurance company.
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1 | M-74373 (S12)-1355
Roll No. Total No. of Pages :02
Total No. of Questions : 09
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
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.
SECTION-A
1. Answer briefly :
a) Explain nomination and assignment.
b) Elaborate briefly the concept of surrendering life insurance policy.
c) Elaborate the concept of warranties.
d) Give the characteristics of insurance contract.
e) Explain Long term care insurance.
f) Rate making in insurance
g) What is surgical insurance?
h) Disadvantages of insurance brokers.
i) Duties of insured and insurer in life insurance.
j) Role of an underwriter in an insurance company.
2 | M-74373 (S12)-1355
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.
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 :
a) Commercial property loss exposures
b) House owners policy
c) 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 :
a) Disability income insurance
b) Health insurance policy for elderly
c) Surgical insurance
UNIT-IV
8. What is a claim? Explain the claim settlement process in general insurance.
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.
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This post was last modified on 02 April 2020