LOYOLA COLLEGE (AUTONOMOUS), CHENNAI –600 034

B.Com., DEGREE EXAMINATION – COMMERCE

FIFTH SEMESTER – NOVEMBER 2004

CO 5400/COM 400 – INSURANCE

03.11.2004                                                                                                            Max:100 marks

9.00 – 12.00 Noon

 

 

SECTION – A

 

 

Answer ALL the questions. (5 lines each)                                              (10 ´ 2 = 20 marks)

 

1. Define Insurance as a Contract.
2. What is Lloyd’s Association?
3. What is Employees State Insurance Corporation?
4. What is JEEVAN SAATHI?
5. Write a note on JEEVAN KISHOR Policy.
6. Distinguish Annuity Contract from Life Insurance Contract.
7. What do you mean by Surrender value?
8. What is Hull Insurance?
9. What is the meaning of Fire under Fire Insurance Contract?
10. Define the term Burglary under Insurance.

 

SECTION – B

 

 

Answer any FIVE questions. (Answers should not exceed 2 pages each)    (5 ´ 8 = 40 marks)

 

11. Explain the functions of Insurance.
12. Discuss the various insurance organizations existing in India.
13. Bring out the differences between Fire Insurance and Life Insurance.
14. Explain four policies of Marine Insurance.
15. Discuss about the various Marine Perils.
16. How can you prevent the Loss by Fire?
17. Write a note on Cattle Insurance and Crop Insurance.
18. Explain the Principles of Investment.

 

SECTION – C

 

Answer any TWO questions. (Answers should not exceed 6 pages each)   (2 ´ 20 = 40 marks)

 

19. Discuss the role and Importance of Insurance.
20. Explain the Principles of Insurance Contract.
21. Describe the Various clauses of Marine Policy.

 

 

 

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             LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

TH 13

FIFTH SEMESTER – APRIL 2006

                                                                 CO 5400 – INSURANCE

(Also equivalent to COM 400)

 

 

Date & Time : 03-05-2006/1.00-4.00 P.M.   Dept. No.                                                       Max. : 100 Marks

SECTION A (10 ´ 2 = 20 marks)

Answer ALL the questions.

1. Why is ‘Life insurance’ considered as ‘Life Assurance’?
2. Mention the reason why is a contract of ‘Life insurance’ not a ‘contract of indemnity’?
3. Do you agree that a person who does not get his life or property insured gambles with his life or property?  Why?
4. What is the significance of ‘Medi claim scheme’in ‘Personal Accident Insurance’?
5. Specify any four sources of funds for an ‘insurance company’?
6. When does risk commence in ‘Life insurance’?
7. Can a policy holder revoke his life policy which he has already assigned to another?  Why?
8. State the reason why is liability marine insurance taken?
9. What is known as ‘Infidelity Extension’ in  ‘Burglary insurance’?
10. What is the meaning of the term ‘Ignition’ in Fire insurance contract?

SECTION B (5 ´ 8 = 40 marks)

Answer any FIVE questions.

1. How is insurance important to individuals?
2. Specify and explain the marine perils which result in marine losses?
3. State and explain the procedure of settlement of fire insurance claims?
4. Briefly explain the ‘personal accident insurance’?
5. ‘Insurance is not to prevent risk, but to indemnify the loses arising from a certain risk’ – comment.
6. What are the features of insurance?
7. Explain any five types of bonus options under life insurance?
8. Specify and explain the methods of Reinsurance?

SECTION C (2 ´ 20 = 40 marks)

Answer any TWO questions

1. Discuss the functions of insurance.
2. Explain the clauses which are incorporated in a marine insurance policy?
3. Describe the various fire insurance policies.

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