Unit 1 : Financial system: Institutions, Market Primary, secondary, Money and Capital Markets, instruments of money market, functions and their economic significance. 12hrs Unit 2: Commercial Banks functions, structure of commercial banks in India- sources of funds, Investment norms factors determining liquidity of bank- asset structure of commercial banks- profitability of banks. 12hrs Unit 3: The concept of Risk & Insurance Classification of insurance life insurance types of general Insurance insurance property , pecuniary interest, liability and person - type of policies , fire , marine , engineering, aviation, agriculture, liability and person. 08hrs Unit 4:Essentials of a contract principle applicable to insurance business utmost good faith insurable interest indemnity subrogation and contribution proximate cause financial principles premium funds investments reveres surplus valuation of funds. Introduction to risk Risk Appraisal Risk selection underwriting Reinsurance concepts and methods facultative, treaty reinsurances and various methods . 12hrs Unit 5: Growth and development of insurance present day Regulatory environment insurance Act, 1938 IRDA Act, 1999- present market environment intermediaries office organization departments files correspondence new technology, controls. 08hrs
Reference books: 1. 2. 3. 4. 5.
G.Kotreswar, Risk Management, Insurance and Derivaties Himalaya.
T.T.Seth , Insurance principle and practice S Chand , New Delhi. Courses IC01, IC02, IC11, IC12, IC25 of Insurance Institute of India, Mumbai. L.M Shole- Financial Institutions and markets, TMH. K.VC. Shekar & Lakshmy Shekar, banking theory & Practice, Vikas Publication.