Insurance Business Environment in India - BBA(B&I) 202 - End Term - 4th sem - 2005
Note : Attempt any five questions. All questions carry equal marks.
Q.1 How Life Insurance Business in India has evolved over a span of liberalized era to controlled era and then again to liberalized era. Trace the change in role of government in the past and also recent development in the insurance
sector.
Q.2 Discuss the objectives of IRDA. Enumerate the duties and powers of IRDA. Has IRDA achieved its objectives?
Q.3 Explain principles of valuation of unexpired risk. Also state relevant accounting standards notified by the Institute of Charted Accountants of India.
Q.4 Explain & illustrate the strength & weakness of insurance intermediaries in India. Discuss multiplication of distribution channels and its impact on the aforesaid.
Q.5 How performance of insurance industry in liberalization era in based on effective management and collaborating with other professions? Discuss the role of IRDA in this regard.
Q.6 Explain the procedure for starting a life and general insurance business in India. Is it essential for a foreign insurance company to join hands with an Indian Company to begin operations?
Q.7 Discuss the role and importance of insurance in the economic development of a country to be India.
Q.8 Write short notes on any three of the following:
(a) Market Segmentation of Life Insurance
(b) Role of Technology in Insurance
(c) New Product Innovations
(d) Grievance Redressal System in Insurance Sector.
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