Syllabus
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Course Code: M-BECOE -032 Course Name: Economics of Insurance-II |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | Theory of Social Insurance Social Insurance- Importance, need, Branches; Requirements for Efficient Social Insurance; Macroeconomic Impacts of Social Insurance; Introduction to life Insurance: Characteristics, Types, Products, Classification; Actuarial basis of Life Insurance; General provisions of life insurance contracts; Special Life insurance forms. Reading List • Aaron, H. (1966). The social insurance paradox. Canadian Journal of Economics and Political Science, 32, 371–374. • Zweifel, Peter & Eisen, Roland. (2012). Insurance Economics. Springer. |
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| 2 | Issues in Retirement Planning Essentials of individual retirement planning; Analysis of retirement; Income needs; Retirement planning strategies; Investing for retirement, Pension plans; Basic principles of pension plans; Pension plans in India; Estate planning - process and tools; Life insurance for estate liquidity. Reading List • Zweifel, Peter & Eisen, Roland. (2012). Insurance Economics. Springer. |
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| 3 | Insurance Planning and Pricing Wealth accumulation planning; Life cycle planning; Planning for accumulation; Micro-insurance products. Weather insurance in Agriculture, Livelihood Risk Management using Crop Insurance; Index Based Insurance; Valuation of insurance products. Reading List • Zweifel, Peter & Eisen, Roland. (2012). Insurance Economics. Springer. |
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| 4 | Introduction to Various Forms of Insurance Fire Insurance; Marine Insurance; Property and Liability Insurance; Rural Insurance; Motor Insurance; Miscellaneous Insurance. Reading List • Zweifel, Peter & Eisen, Roland. (2012). Insurance Economics. Springer. • Mishra, M.N. & Mishra, S.B. (2016). Insurance: Principles and Practice. S. Chand Publishing, New Delhi. |
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