MBA 566 Course Name:
Life Insurance Products & Concepts of Reinsurance ( PTU PAPER –6 )
Course CONTENT
§
Nature
of Insurance Products.
§
Terms,
Conditions, Privileges and benefits of various Insurance Products.
§
Term
Assurance products.
§
Endowment
Products.
§
Children
Endowment Products.
§
Money
Back Products.
§
Whole
Life Products.
§
ULIP
Products.
§
Comparative
Studies of Life Insurance Products of different
·
Historical
background, meaning, nature, need and functions of Re- Insurance.
·
Methods
& types of Re-Insurance for Property/Aviation/Marine Accident/Liability/Life.
·
Facultative
& Treaty arrangements and calculations of premiums
·
Re-Insurance
Program design, negotiation and placement, Clauses, Accounting, formats/
methods, Taxation, legal-aspects, regulations and documentation.
·
New
alternatives, selection, Rating for FID strength, ID
Ward Re- Insurance, Retrocession, Reciprocal trading.
§
Data
collection and use of IT, Management of RI Department and emerging trends in
the Industry
Required Reading
·
Website
of Life Insurance Companies
·
IC-85
of III
Principles of Risk Management and Insurance: George Rejda