B.Com In Banking & Insurance (BCBI) Sem IV 2019 20 Oct 2019-20 AKT Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 A) State whether True or false: - 8 marks
   • 1. The principle of indemnity is applicable to non life insurance
   • 2. The term ‘Insurance’ can be defined in both Financial and non-Financial terms
   • 3. Death benefits amount decreases with the term of coverage
   • 4. Term insurance plans come with life-long
   • 5. ULIPS are bundled products
   • 6. There is no tax benefit to mediclaim policy
   • 7. Hull Insurance covers the damage of Cargo
   • 8. The Principle of indemnity is applicable to non-life Insurance policies = 9. Home Insurance policies don’t have the option of add on coverage
   • 10. In India, Motor Insurance is optional
   • B) Choose the right answer :- 7
   • 1. Risk transfer through risk pooling is called
   • 2. The application documents used for making the proposal is company known as the
   • 3. term insurance the premium overtime
   • 6. ICICI Lombard was established in the
   • 8. The current motor vehicle Act was established
   • 9. The workmen’s Compensation Act was formed in
   • 10. SBI General Insurance Company is a Joint Venture between
2. Q2 A) Explain the principles of Life Insurance Contract 8 marks
   • B) List out the advantages of life Insurance, 7
   • C) Discuss the procedure of life Insurance. 8
   • B) Explain briefly about unit linked Insurance. 7
3. Q3 A) What are the characteristics of health insurance. 8 marks
   • B) What are the difference between life Insurance and health insurance. 7
   • C) Explain Arogya Premier policy. 8
   • D) Explain cashless insurance and procedure for cashless claim. 7
4. Q4 A) Explain the claim procedure of home insurance. 8 marks
   • B) Discuss the benefits of home insurance. 7
   • C) List out the benefits of motor insurance. 8
   • D) Explain the claim procedure in motor insurance. 7
5. Q5 A) Explain the different hazards of logistics insurance. 8 marks
   • B) Explain the different types of Cargo insurance policy. 7
6. Q5 A) Short Notes (Any 3) 15 marks
   • 1. Procedure for Fire Insurance
   • 2. Any 5 Special policies
   • 3. Home Insurance
   • 4. Types of vehicle

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