423 Insurance and Risk Management

Unit 1
1. Role and Functions of IRDA in Insurance Sector
2. Polices and Frame work of Government of India in Insurance Sector
3. Insurance Business in India Challenges & Opportunities
Unit 2
4. Principle of Insurance Principle of Insurable Interest, Principle of Utmost Good
Faith, Principle of Indemnity, Principle of Subrogation
5. Legal Aspects of Life Insurance and Non-Life Insurance
Unit 3
6. Risk Reduction Methods & Strategies
7. Risk Diversification Hedging with Options, Forwards and Futures
Unit 4
8. Features and Products of LIC of India
9. Calculation of Premium and Surrender Value
10. Types of Non-Life Insurance
11. Types of Liabilities in Insurance
Unit 5
12. Tools and Techniques of Risk Management
13. Methods of Risk Identification