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Insurance Management For MCOM 3rd Semester Panjab University Chandigarh

by Madhurima
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  • Q1
    Is this book strictly aligned with the latest syllabus of MCOM 3rd Semester at Panjab University?
    A1

    Yes, this book is meticulously crafted to cover all units and topics of the prescribed syllabus for paper MC. 314 - Insurance Management.

  • Q2
    Does the book cover both General Insurance and Life Insurance in detail?
    A2

    Absolutely. The book provides comprehensive coverage of both streams, with dedicated chapters on Fire, Marine, Motor, and Engineering insurance, as well as a full unit on Life and Health Insurance.

  • Q3
    I am interested in the management side of insurance. Does this book cover that?
    A3

    Yes, Unit-IV is entirely dedicated to the organization and administration of insurance companies, covering underwriting, pricing, reinsurance, investment, and financial reporting.

  • Q4
    Is the structure of the Indian insurance industry discussed?
    A4

    Yes, Chapter 4, "Structure of an Indian Insurance Industry," provides a clear overview of the industry's landscape, including the role of regulators.

  • Q5
    Does the book explain the legal principles governing insurance contracts?
    A5

    Yes, Chapter 22, "Legal Framework of Insurance," and Chapter 23, "Interpretation of an Insurance Contract," cover the essential legal doctrines and principles.

  • Q6
    Are key financial concepts like valuation of surplus and investment of funds covered?
    A6

    Yes, the final chapters (30 and 31) deal with the financial management of an insurer, including the investment of funds and financial reporting.

  • Q7
    How does the book handle the topic of risk management?
    A7

    The book starts with the "Conceptual Framework of Risk," classifying risks and explaining how insurance functions as a primary device to hedge against them.

  • Q8
    Are important liability covers like Professional Indemnity and Public Liability explained?
    A8

    Yes, these are covered under Chapter 18, "Liability Insurance," which is part of the prescribed syllabus.

  • Q9
    Are engineering-specific insurance policies like Machinery Breakdown (MBD) covered?
    A9

    Yes, there are dedicated chapters on Engineering Insurance and Machinery Breakdown Insurance Policy (MBD), which are crucial for understanding industrial risk coverage.

  • Q10
    Is the topic of 'Annuities' covered under the Life Insurance section?
    A10

    Yes, Chapter 26, "Annuities and Surrenders," provides details on annuities as part of the life insurance product portfolio.

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Have Doubts Regarding This Product ? Ask Your Question

  • Q1
    Is this book strictly aligned with the latest syllabus of MCOM 3rd Semester at Panjab University?
    A1

    Yes, this book is meticulously crafted to cover all units and topics of the prescribed syllabus for paper MC. 314 - Insurance Management.

  • Q2
    Does the book cover both General Insurance and Life Insurance in detail?
    A2

    Absolutely. The book provides comprehensive coverage of both streams, with dedicated chapters on Fire, Marine, Motor, and Engineering insurance, as well as a full unit on Life and Health Insurance.

  • Q3
    I am interested in the management side of insurance. Does this book cover that?
    A3

    Yes, Unit-IV is entirely dedicated to the organization and administration of insurance companies, covering underwriting, pricing, reinsurance, investment, and financial reporting.

  • Q4
    Is the structure of the Indian insurance industry discussed?
    A4

    Yes, Chapter 4, "Structure of an Indian Insurance Industry," provides a clear overview of the industry's landscape, including the role of regulators.

  • Q5
    Does the book explain the legal principles governing insurance contracts?
    A5

    Yes, Chapter 22, "Legal Framework of Insurance," and Chapter 23, "Interpretation of an Insurance Contract," cover the essential legal doctrines and principles.

  • Q6
    Are key financial concepts like valuation of surplus and investment of funds covered?
    A6

    Yes, the final chapters (30 and 31) deal with the financial management of an insurer, including the investment of funds and financial reporting.

  • Q7
    How does the book handle the topic of risk management?
    A7

    The book starts with the "Conceptual Framework of Risk," classifying risks and explaining how insurance functions as a primary device to hedge against them.

  • Q8
    Are important liability covers like Professional Indemnity and Public Liability explained?
    A8

    Yes, these are covered under Chapter 18, "Liability Insurance," which is part of the prescribed syllabus.

  • Q9
    Are engineering-specific insurance policies like Machinery Breakdown (MBD) covered?
    A9

    Yes, there are dedicated chapters on Engineering Insurance and Machinery Breakdown Insurance Policy (MBD), which are crucial for understanding industrial risk coverage.

  • Q10
    Is the topic of 'Annuities' covered under the Life Insurance section?
    A10

    Yes, Chapter 26, "Annuities and Surrenders," provides details on annuities as part of the life insurance product portfolio.

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