NATIO

ONAL STOCK
S EXCHA
ANGE OF INDIA
A LIMITE
ED

Depart
rtment : SB
BU-Educatio
on

NCFM
M – COURS
SE OUTLINE

Insuran
nce Module

 Introduction
n to Insuran
nce
1. Definition of Insu
urance
ncept of Insurrance / How insurance works
2. Con w
urance Act, 1938
3. Insu
urance Regulatory and De
4. Insu evelopment Authority (IR
RDA)
5. Insu nd Disclosurre Regulation
urance Adverrtisements an ns, 2000
6. Prottection of Policy Holders Interest Reg
gulations, 200
02
7. Thirrd Party Adm
ministrators (T
TPA)
 Fundamenttals of Risk Managemen
nt
1. Definition of Risk
k
2. Classsification of Risks
3. Definition of Risk
k Manageme
ent
4. Stag
ges of Risk Management
M t
 Insurance Contract,
C Te
erminology, Elements and
a Principle
es
ntract Terminology
1. Con
2. Elem
ments of a Va
alid Contractt – Offer and
d Acceptance
e, Considerattion, Capacitty, Legal
Purp
pose
3. Disttinguishing Characteristic
C cs of Insurance Contracts
s
4. Com
mmon clause
es and sectio
ons in an insu
urance contra
act
 General Ins
surance
1. Classsification – Life
L Insurancce & Non-Life
e Insurance
2. Nonn-Life Insuran
nce classifica
ation - Prope
erty Insurance
e, Personal IInsurance, & Liability
Insu
urance
3. Typees of Properrty Insurance
e - Fire Insura
ance, Marine
e Insurance, Various type
es of Enginee
ering
Insu
urance.
4. Con
ntractor's All Risks (CAR)) Insurance
5. Marrine cargo ins
surance
6. Features of moto
or insurance
e
7. Burg
glary insuran
nce
8. Mon
ney insurance
 Personal an
nd Liability Insurance
I
1. Perssonal Insuran
nce
diclaim Policies
2. Med

 
Regd. Offfice : Exchan
nge Plaza, Ba
andra Kurla CComplex, Bandra (E), Mu
umbai – 400  051                Page 1 of 2

 
 3. Group Mediclaim policy
4. Personal Accident Insurance (PA)
5. Liability Insurance
6. Employers Liability Insurance
7. Public Liability Insurance
8. Professional Indemnity Insurance
9. Product Liability Insurance
 Financial Planning and Life Insurance
1. Financial Planning
2. Ratios as a tool for financial analysis
3. Definition of Life Insurance
4. Law of large numbers
5. Principles of Insurance and Life Insurance
 Types of Life Insurance Policies
1. Term Insurance
2. Types of Term Life Insurance
3. Whole Life Insurance
4. Endowment policy
5. Children’s policies
6. Annuities
7. Group Insurance
8. Industrial Life Assurance
9. Life insurance premium and tax benefits
 Insurance Intermediaries
1. Introduction
2. Individual agent
3. Corporate agent
4. Code of Conduct
5. Broking regulations
6. Indian Insurance Market

 
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051                Page 2 of 2