B.Com In Banking & Insurance (BCBI) Sem IV 2017 18 April 2017-18 FC Question Paper - Mumbai University | munotes

Questions asked in this paper

• Figures to the right indicate marks

1. Q1 blanks: (any 8) 8 marks
   • i) HLV stands for li) The application document used for making the proposal is commonly ili) For hospitalization, — hours the policyholder has to be admitted in hospital
   • iv) ESIS was established in 2
   • v) Premium paid by insured person is deductible under of
   • vi) Home insurance is a type of Insurance
   • vii) | The motor vehicle act was established in
   • viii) The Workmen’s Compensation Act was 1x) SBI General insurance company is.a joint venture between
   • x) Property can be insured on cost
   • B) State whether the following statements are true or false: (any 7) 7
2. Q1 Add on cover option in fire insurance is not paying additional premium li) Construction of external walls and roofs number of storey includes in Cargo insurance provides coverage against physical damage or loss of goods during shipping, whether by land, sea or air
   • iv) In India, Motor insurance is optional
   • v) Long term home insurance covers the peril arise due to war
   • vi) Through online also insured person can apply for cashless treatment or
   • vii) Hull insurance covers the damage of cargo Flexible premium payments is a characteristic of variable life insurance 1x) Term insurance plans come with life-long renewability option Life insurance covers death due to natural causes as well as due to
   • Q. P. Code: 34236
3. Q2 List out the advantages of life insurance. 8 marks
   • B) List out the documents required to convert proposal into policy. 7
   • P) What are the factors determining life insurance premium? 8
   • Q) Explain any two non-traditional SBI life insurance plans. 7
4. Q3 A) Explain different types of health insurance schemes in India. 8 marks
   • B) Write a note on Health Insurance Portability. 7
   • P) What are the benefits of health insurance? 8
   • Q) Explain ICICI Lombard health insurance policies. out the coverage under SBI’s simple home insurance. (08) 7
   • B) Explain the claim procedure in motor insurance. 7
   • P) Explain SBI motor insurance policies. 8
   • Q) Explain the claim procedure of home insurance. 7
5. Q5 A) Discuss the different risks of insurance. 8 marks
   • B) Explain any 5 general rules and regulations of fire insurance. 7
6. Q5 C) Write short notes on: (any 3) 15 marks
7. Q1 Prospectus
   • iv. Types of vehicles

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