Guidelines for Individual Project Assignments: Each student has to submit ONE individual assignment which will carry

10 marks. Assignments are to be type written in A4 size paper, may be on both sides. Flow charts, diagrams, tables, graphs etc. can be made to make the assignment more attractive/useful. Cover page should contain name, roll no., batch, programme, title of the assignment and date of submission Total no. of pages should not exceed 10 (other than annexures, specimen documents etc.) Source of reference are to be given where ever required. Refer EBSCO to get relevant articles relating to your topic and Apart from books, magazines, journals and published/research articles, a student is required to visit branches of different insurance companies/intermediaries to get a practical exposure. The work should be original and material copied from any source shall be out rightly rejected Date of submission : 19.03.2012 SL. ROLL NO. NO. 1 11DM008 TOPIC OF INDIVIDUAL ASSIGNMENT Pollution Liability Insurance in India BROAD GUIDELINE Meaning Need Risks that can be covered Regulatory requirement Products offered by different companies Global scenario Cases Refer Pravartak, Vol-V, Issue-1 What is a proposal form and what is its importance? Collect/download atleast 4 proposal forms of different insurance companies relating to life, motor, fire and health insurance and study them in detail. Summarize and present them in order of importance Attach copies of all duly filled in proposal forms along with your assignment

11DM011

Importance of a Proposal form in insurance

11DM013

Rural insurance in India

Meaning Need Products offered by 5 different companies Opportunities and challenges Dist. Channels Refer the article of A Srujan in the book Insurance-Indian Insurance Environment, ICFAI University Press What is risk? Types of risks to which an individual and enterprise is exposed to Risk management techniques available Risk management process Meaning Coverage Regulatory provisions Cases in Indian context Products offered by any 3 companies Refer Insurance Chronicle, Feb, 2010 edition What are the risks to which women are exposed to? What are the various types of insurance policies that women can take in India? Any particular policy provided by any insurance company exclusively for women (discuss any two of them in detail). Discuss with any three working lady to know about the insurance coverage which they have taken for themselves. Players of the non-life insurance industry in India and their products. How the non-life insurance industry performed in the last few years? (Refer IRDA Annual Report). Market share, penetration, premium collection, no. of policies, no. of branches etc. during 2010-11 Current happenings.

11DM016

Risk Management Techniques

11DM017

Terrorism Insurance in India

11DM020

Insurance for women

11DM024

Current scenario of nonlife insurance industry in India (Excluding health insurance)`

11DM028

Motor Insurance Claim Settlement

11DM029

Distribution channel in insurance industry

10

11DM030

Bancassurance in India

Study motor insurance policy for a twowheeler and a four-wheeler. Log in to the website of the respective company to know about the claim lodging procedure. Discuss the Claim settlement process. Discuss with any Surveyor or insurance executive to learn the procedure, documents required, depreciation, deductions, exclusions, salvage, payment settlement etc. Features of an insurance product Different distribution channels available in India for selling of insurance products and how they function? Regulatory provision as regards to distribution of insurance in India New/emerging/innovative ways like einsurance, mallassurance, shopassurance etc. Challenges Meaning Models IRDA Regulation Recent trends Cases Refer Insurance Chronicle, Jan and Feb., 2010 issue What are the various principles of insurance? Importance of the principles in life insurance. Discuss the concepts along with customized cases/caselets. Meaning Current scenario IRDA Regulation Products offered by 5 different companies Refer Insurance Chronicle Feb. 2010 issue, Life Insurance Today Vol-VII, No.6, Sept 2011 issue

11

11DM038

Fundamental principles of insurance

12

11DM039

Micro Insurance

13

11DM040

Fire insurance

14

11DM046

Internet marketing of insurance products

What are the risks covered? Types Information to be provided in the proposal form Policy conditions and exclusions. Tariff Meaning Current scenario IRDA Regulation Products offered on-line by any 3 companies Advantages Disadvantages

15

11DM047

16

11DM049

17

11DM059

Refer Life Insurance TodayJuly and Aug. 2011 issue Information Technology - How IT is used in different functional areas of life and non-life insurance companies and its impact on - Visit web sites of different insurance customer service in companies and study the services which Insurance Industry are provided on-line - How LIC shifted from manual system to computerization system? Need, benefits, challenges etc. Claims Management - Types of life insurance products and their features. Process in Life Insurance - Policy Claims: Maturity claims, survival Industry benefits, death claims, claim concessions, presumption of death, accident benefit and disability benefit - Claim settlement process including preliminary procedure, investigation and assessment, documents. - Study about the claim lodging procedure of LIC of India and a couple of private life insurance companies from their web site. Lapsation of an insurance - Meaning policy and its - Cause and effect implication - Loss/befit to insurer, insured and society - Cases Refer Life Insurance Today July 201 1 issue

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11DM063

Underwriting and claims management

Meaning Procedure Best practices by any company Documents required Important issues

19

11DM066

Challenges of customer retention in Insurance business

Refer Insurance Chronicle Jan, 2010 issue - Meaning - Cases - Ways adopted by companies - Current scenario Refer The Insurance Times, Nov., 2011 issue Study atleast 4 different types of life insurance policies. Highlight and discuss the important information which a life insurance policy contain. Also discuss about the provisions relating to assignment, loan, nomination, cancellation, bonus and surrender in respect to any particular life insurance policy by visiting few branches of insurance companies and their websites. Meaning Need, challenges Risks and benefits Cases Refer the book by Ravi Kumar Jain, ICFAI University Press Meaning Products offered by different companies Challenges and opportunities Present scenario Refer the book of Subir Ghosh, ICFAI University Press

20

11DM068

Life insurance policy

21

11DM069

IT in Insurance

22

11DM070

Agricultural Insurance in India

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11DM072

Term Insurance

24

11DM073

Personal Accident Insurance

25

11DM074

Company Profile of IFFCO-Tokio GIC Ltd.

26

11DM077

Motor Insurance

27

11DM079

Company Profile of ICICI Prudential LIC Ltd.

What are they? Types. Features and benefits. Why people these days are more attracted towards this? Study and critically analyse any three term insurance products offered by any three life insurance companies and suggest which one would be best for a 35 year old male working person having an annual income of Rs.6 lakhs assuming that he can spend Rs.20,000/- p.a for a period of 20 years. What are the risks covered? Information to be provided in the proposal form. Policy conditions and exclusions. Premium charged by 3 different companies for a 30 year old man on Rs.10 lakhs for 5/10/15/20 years About the company Ownership Business performance of last 5 years USP Products offered Premium comparison of any 3 standard products with 3 other companies Legal provisions of the Motor Vehicle Act in a nutshell. What are the risks covered? Types of motor insurance policies. Information to be provided in the proposal form. Policy conditions and exclusions. Tariff for different types of vehicles. Claim settlement process. About the company Ownership Business performance of last 5 years USP Products offered Premium comparison of any 3 standard products with 3 other companies

28

11DM080

Travel insurance

29

11DM082

Company Profile of Bajaj Allianz GIC Ltd.

30

11DM086

ULIPs

31

11DM088

Company Profile of Universal Sompo GIC Ltd.

32

11DM092

Marine Transit/Cargo Insurance

33

11DM093

Company Profile of ICICI Lombard GIC Ltd.

Who take this type of insurance and why? Features and benefits. Log into the website of any two general insurance companies and learn about this product. Study the proposal form, exclusions, tariff and claim procedure. About the company Ownership Business performance of last 5 years USP Products offered Premium comparison of any 3 standard products with 3 other companies What is ULIP? Features of ULIPs. IRDA Regulation for ULIPs. Study the features and market performance of any three ULIP products offered by any three life insurance companies and which one of the three you will suggest to a 25 year old working lady having an annual income of Rs.5 lakhs who can afford Rs.50,000 p.a. for an ULIP policy? Justify your recommendation. About the company Ownership Business performance of last 5 years USP Products offered Premium comparison of any 3 standard products with 3 other companies Who take this type of insurance and why? Features and benefits. Log into the website of any two general insurance companies and learn about this product. Study the proposal form, exclusions, tariff and claim procedure. About the company Ownership Business performance of last 5 years USP Products offered Premium comparison of any 3 standard products with 3 other companies

34

11DM094

Current scenario of health insurance industry in India

35

11DM095

Liability Insurance

Players and their products. TPAs. How the health insurance industry performed in the last few years? (Refer IRDA Annual Report). Market share, penetration, premium collection, no. of policies, no. of branches etc. during 2010-11 Current happenings. Meaning Products offered by 3 different companies Regulatory provisions Current market scenario Prospects Refer the two articles as given in Pravartak Vol-V, Issue-I What are they? Types. Features and benefits. Why people these days are more attracted towards this? Study and critically analyse any three pension plans offered by any three life insurance companies and suggest which one would be best for a 30 year old male working person having an annual income of Rs.8 lakhs assuming that he can spend Rs.80,000/- p.a for a period of 30 years. Meaning Impact Cases Refer Life Insurance Today, Dec., 2011 issue Players of the life insurance industry in India. How the life insurance industry performed in the last few years? (Refer IRDA Annual Report). Market share, penetration, premium collection, no. of policies, no. of branches etc. during 2010-11 Current happenings.

36

11DM098

Pension Plans

37

11DM104

Insurable interest and its impact in Insurance contracts Current scenario of life insurance industry in India

38

11DM109

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11DM111

Customer Service in Insurance industry

IRDA Regulation Need Ways Innovations Refer the book of ICFAI Press Current scenario Market players and their shares Recent trend Motor Insurance Pool Refer The Insurance Times, Nov., 2011 issue

40

11DM112

Motor Insurance business India

41

11DM114

Necessity of insurance for an individual

42

11DM117

Advertisements in Insurance

What is insurance? What are the benefits of insurance to an individual? Different risks to which an individual is exposed to. Major risks which an individual face and your approach to manage such risks. Types of insurance an individual can opt for. Study the insurance need of 2 to 3 persons whom you closely know. IRDA Regulation Mediums Expenditure incurred by the top 5 life and non-life companies during last 3 years Collect any 5 advt. from print media and interpret them Refer Insurance Chronicle, Jan 2010 issue