Hai Licentiate aspirants, Find the new revised syllabus for licentiate examinations -
Subject 01 – Principles of Insurance (Common Subject for Life and General)
The Conceptual Framework – What is Insurance – Brief History of Insurance – Perils and Risks – Classification of Risks- Hazards – How Insurance Works – Classes of Insurance – Assumptions – Importance of Insurance Industry.
The Business of Insurance – Managing Risk Retention – Life Insurance – Managing Insurance – Funds of an Insurer – Trustee-Reinsurance – Role of Insurance in Economic Development – Insurance and Social Security.
The Insurance Contract – Utmost Good Faith or Uberrima Fides – Insurable Interest – Insurer's Insurable Interest – Criminal Acts – Indemnity – Subrogation and Contribution – Proximate Cause – Personal and Non-Personal Contracts.
Insurance Products – Life Insurance – Survival – Term Assurance – Pure Endowment – Whole Life – Double Endowment Money Back or Anticipated Supplementary Benefits – Riders – Linked Policies – Annuities – Immediate Annuities – Deferred Annuities – Group Policies – Master Policy – Non-Life Insurance – Fire – Loss of Profits – Marine – Marine Cargo – Marine Hull – Motor – Miscellaneous – Personal Accident – Fidelity Guarantee – Health – Mediclaim – Overseas Medical – Liability – Workmen's Compensation – Engineering – Boiler and Pressure Plant Policies – Aviation – Industrial All Risks – Oil and Gas – Satellite Other Miscellaneous Insurances – Burglary – Loss of Baggage During Travel – Householder Effects – Shopkeeper's Business – Bankers' Indemnity – Horses – Bees – Cattle – Plantations etc.
Insurance Terminology – Common for Both Life and Non-Life Insurance – Insurance – Insurer – Proposal – Underwriter – Premium – Policy – Endorsement – Subject Matter of Insurance – Sum Assured – Term – Conditions – Precedent and Subsequent – Claim – Policyholder – Premium – Reserve – Ceded – Accepted – Expense Ratios – Loss Ratios – Mortality – Lloyd's Protection and Indemnity Associations – Warranties – Representation – Ex-Gratia – Life Insurance – First Premium – Renewal – Mode – Limited Payment – Policies – Single Premium – Convertible – Days of Grace – Lapse – Paid Up Policy – Revival – Deferred – Deferment Period – Nomination – Assignment – Assignee – Bonus – With Profit – Participating – Non-Participating or Without Profit – Surrender Value – Non-Life Insurance – Market Agreements – Cover Notes – Certificates of Insurance – Open Policy – Floater – Excess – Franchise – Claims – Salvage – Coinsurance – Loss – Total Loss – Actual or Constructive Loss – Abandoned – Particular – General – No-Claim Bonus – Malus – Replacement – Valued Policy – Agreed Value – Full Value – First Loss – Increased Value – Insurance Time or Institute Cargo Clauses – Solatium Fund – Hit and Run Cases – Arbitration.
The Insurance Market – Life and Non-Life Insurers – Reinsurers – Individual and Corporate Agents – Brokers – Surveyors – Medical Examiners – Third Party Administrators – Regulator IRDA – Insurance Councils – Ombudsmen – Educational Institutes – Councils – Tariff Advisory Committee.
Regulations – The Insurance Act, 1938 – Insurance Regulatory and Development Act, 1999 – Life Insurance Corporation Act, 1956 – General Insurance Business (Nationalisation) Act, 1972 – Consumer Protection Act, 1986 (COPA) – Income Tax Act – Other Laws.
The Insurance Customer – Customers are Different – Different Mindsets, Their Satisfactions – Ethical Behaviour.
Risk Management – Avoidance or Prevention – Reduction – Retention – Transfer – The Techniques, Separation – Duplication Diversification – Retention and the Individual.
Appendix – 1 – History of Insurance – From IRDA's Website.
Note: There will be 3 objective type of questions. Out of 10 questions, candidates are expected to attempt 8 questions only.
CRK
[Email Removed For Privacy Reasons]
From India, Vijayawada
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82Subject 01 – Principles of Insurance (Common Subject for Life and General)
The Conceptual Framework – What is Insurance – Brief History of Insurance – Perils and Risks – Classification of Risks- Hazards – How Insurance Works – Classes of Insurance – Assumptions – Importance of Insurance Industry.
The Business of Insurance – Managing Risk Retention – Life Insurance – Managing Insurance – Funds of an Insurer – Trustee-Reinsurance – Role of Insurance in Economic Development – Insurance and Social Security.
The Insurance Contract – Utmost Good Faith or Uberrima Fides – Insurable Interest – Insurer's Insurable Interest – Criminal Acts – Indemnity – Subrogation and Contribution – Proximate Cause – Personal and Non-Personal Contracts.
Insurance Products – Life Insurance – Survival – Term Assurance – Pure Endowment – Whole Life – Double Endowment Money Back or Anticipated Supplementary Benefits – Riders – Linked Policies – Annuities – Immediate Annuities – Deferred Annuities – Group Policies – Master Policy – Non-Life Insurance – Fire – Loss of Profits – Marine – Marine Cargo – Marine Hull – Motor – Miscellaneous – Personal Accident – Fidelity Guarantee – Health – Mediclaim – Overseas Medical – Liability – Workmen's Compensation – Engineering – Boiler and Pressure Plant Policies – Aviation – Industrial All Risks – Oil and Gas – Satellite Other Miscellaneous Insurances – Burglary – Loss of Baggage During Travel – Householder Effects – Shopkeeper's Business – Bankers' Indemnity – Horses – Bees – Cattle – Plantations etc.
Insurance Terminology – Common for Both Life and Non-Life Insurance – Insurance – Insurer – Proposal – Underwriter – Premium – Policy – Endorsement – Subject Matter of Insurance – Sum Assured – Term – Conditions – Precedent and Subsequent – Claim – Policyholder – Premium – Reserve – Ceded – Accepted – Expense Ratios – Loss Ratios – Mortality – Lloyd's Protection and Indemnity Associations – Warranties – Representation – Ex-Gratia – Life Insurance – First Premium – Renewal – Mode – Limited Payment – Policies – Single Premium – Convertible – Days of Grace – Lapse – Paid Up Policy – Revival – Deferred – Deferment Period – Nomination – Assignment – Assignee – Bonus – With Profit – Participating – Non-Participating or Without Profit – Surrender Value – Non-Life Insurance – Market Agreements – Cover Notes – Certificates of Insurance – Open Policy – Floater – Excess – Franchise – Claims – Salvage – Coinsurance – Loss – Total Loss – Actual or Constructive Loss – Abandoned – Particular – General – No-Claim Bonus – Malus – Replacement – Valued Policy – Agreed Value – Full Value – First Loss – Increased Value – Insurance Time or Institute Cargo Clauses – Solatium Fund – Hit and Run Cases – Arbitration.
The Insurance Market – Life and Non-Life Insurers – Reinsurers – Individual and Corporate Agents – Brokers – Surveyors – Medical Examiners – Third Party Administrators – Regulator IRDA – Insurance Councils – Ombudsmen – Educational Institutes – Councils – Tariff Advisory Committee.
Regulations – The Insurance Act, 1938 – Insurance Regulatory and Development Act, 1999 – Life Insurance Corporation Act, 1956 – General Insurance Business (Nationalisation) Act, 1972 – Consumer Protection Act, 1986 (COPA) – Income Tax Act – Other Laws.
The Insurance Customer – Customers are Different – Different Mindsets, Their Satisfactions – Ethical Behaviour.
Risk Management – Avoidance or Prevention – Reduction – Retention – Transfer – The Techniques, Separation – Duplication Diversification – Retention and the Individual.
Appendix – 1 – History of Insurance – From IRDA's Website.
Note: There will be 3 objective type of questions. Out of 10 questions, candidates are expected to attempt 8 questions only.
CRK
[Email Removed For Privacy Reasons]
From India, Vijayawada
Acknowledge(0)Amend(0)
SUBJECT 14 – REGULATION OF INSURANCE BUSINESS (Common Subject for Life & General)
THIS SUBJECT SHALL COVER AT AN ELEMENTARY LEVEL, THE:
- MAIN FUNCTIONS OF IRDA AND LIFE INSURANCE COUNCIL
- AML GUIDELINES
- CONFIDENTIALITY OF INFORMATION: ITS USE, STORAGE, AND DISCLOSURE
- COMPLAINTS-HANDLING PROCEDURES
- MECHANISMS FOR DISPUTE RESOLUTION AVAILABLE TO INSURED AND THE ROLE OF THE OMBUDSMAN
- IRDA (LICENSING OF INSURANCE AGENTS) REGULATIONS, 2000
- IRDA (PROTECTION OF POLICYHOLDERS' INTERESTS) REGULATION, 2002
- ULIP GUIDELINES
- SEC 38 (ASSIGNMENT) OF INSURANCE ACT, 1938
- SEC 39 (NOMINATION) OF INSURANCE ACT, 1938
- SEC 41 (PROHIBITION OF REBATES) OF INSURANCE ACT, 1938
- SEC 45 OF INSURANCE ACT, 1938
- SEC 64VB OF INSURANCE ACT, 1938
- IRDA (MANNER OF RECEIPT OF PREMIUM) REGULATIONS, 2002
- IRDA (MICRO-INSURANCE REGULATIONS), 2005
Note: There will be 3 objective type questions. Out of 10 questions, the candidate is expected to attempt 8 questions only.
CRK
[Email Removed For Privacy Reasons]
From India, Vijayawada
Acknowledge(0)Amend(0)
THIS SUBJECT SHALL COVER AT AN ELEMENTARY LEVEL, THE:
- MAIN FUNCTIONS OF IRDA AND LIFE INSURANCE COUNCIL
- AML GUIDELINES
- CONFIDENTIALITY OF INFORMATION: ITS USE, STORAGE, AND DISCLOSURE
- COMPLAINTS-HANDLING PROCEDURES
- MECHANISMS FOR DISPUTE RESOLUTION AVAILABLE TO INSURED AND THE ROLE OF THE OMBUDSMAN
- IRDA (LICENSING OF INSURANCE AGENTS) REGULATIONS, 2000
- IRDA (PROTECTION OF POLICYHOLDERS' INTERESTS) REGULATION, 2002
- ULIP GUIDELINES
- SEC 38 (ASSIGNMENT) OF INSURANCE ACT, 1938
- SEC 39 (NOMINATION) OF INSURANCE ACT, 1938
- SEC 41 (PROHIBITION OF REBATES) OF INSURANCE ACT, 1938
- SEC 45 OF INSURANCE ACT, 1938
- SEC 64VB OF INSURANCE ACT, 1938
- IRDA (MANNER OF RECEIPT OF PREMIUM) REGULATIONS, 2002
- IRDA (MICRO-INSURANCE REGULATIONS), 2005
Note: There will be 3 objective type questions. Out of 10 questions, the candidate is expected to attempt 8 questions only.
CRK
[Email Removed For Privacy Reasons]
From India, Vijayawada
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Employees' State Insurance General Regulations 1950.pdf
Employees' State Insurance General Regulations 1950.doc