CERTIFICATE IN LIFE INSURANCE

Duration: 3 MONTHS

Course Syllabus

  • INTRODUCTION TO INSURANCE
    • What is Insurance.
    • Purpose and Need of Insurance.
    • Insurance as a social security tool.
    • Role of Insurance in economic development.
    • Advantages of Life Insurance.
  • INSURANACE AGENCY AS A CAREER
    • Definition of an Agent.
    • Agents’ Regulations.
    • Other intermediaries
    • Methods of remunerating agents.
    • Procedure for becoming an Agent.
  • PRINCIPLES OF LIFE ASSURANCE
    • Life Insurance contract.
    • Principle of utmost Good faith.
    • Insurable Interest.
    • Principle of Indemnity.
    • Needs and Insurance.
  • PREMIUM AND BONUSES
    • What is Premium
    • Premium calculation and Actuarial valuation
    • cBonus
  • LIFE INSURANACE PRODUCT
    • Traditional / Unit Linked Policies
    • Individual and Group Policies
    • With Profit and Without Profit
    • Types of Insurance Products as Whole Life Products 
    • Interest sensitive product
    • Term Assurance
    • Annuities
    • Endowment Assurance etc.
    • Insurance Products for Female and Children etc.
  • UNDERWRITING
    • Introduction
    • Classification of Risks
    • Financial Underwriting
    • Non-medical underwriting
    • Underwriting by Agents
    • Recent Trends
  • INSURANCE DOCUMENTS
    • Insurance Documents including Proposal Forms and other relevant Forms
    • First Premium Receipt / Renewal Premium Receipt
    • Policy Contract, Endorsement 
    • Renewal Notice / Bonus Notice, other
    • Insurance documents
  • POLICY CONDITIONS
    • Age
    • Days of Grace
    • Lapse and Non-forfeiture
    • Paid up value
    • Revival
    • Assignment
    • Nomination
    • Surrenders and Loan
    • Indisputability of the Policy
    • Married Women’s Property Act Policy
  • CLAIMS
    • Intimation Procedure
    • Claims Documents- Forms
    • Settlement Procedure
    • Accident and Disability Benefits

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Eligibility

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