LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.Com. DEGREE EXAMINATION – COMMERCE
FIFTH SEMESTER – APRIL 2011
CO 5400 – INSURANCE
Date : 12-04-2011 Dept. No. Max. : 100 Marks
Time : 9:00 – 12:00
PART A
Answer all the Questions 10 X 2 = 20
- What do you mean by the term Insurance?
- State the contribution of “Lloyds” Association to the insurance industry.
- What are the different types of marine insurance?
- What is surrender value?
- What is Pension plus plan?
- State any four types of marine insurance policies.
- State the objectives of valuation of surplus.
- What is personal accident insurance?
- What is jettison?
- What is reinsurance?
PART B
Answer any FIVE Questions 5 X 8 = 40
- Explain any eight policies of fire insurance.
- Briefly explain the principles of investment.
- What are the bases of calculating surrender value? Briefly explain them.
- Explain the advantages of motor insurance?
- Explain the importance of life insurance to an individual.
- Describe the factors affecting longevity of a person.
- Explain the functions of insurance.
- Bring out the difference between the fire insurance contract and life insurance contract.
PART C
Answer any TWO Questions 2 X 20 = 40
- Briefly explain the features of insurance contract.
- Describe the various clauses of marine insurance policies.
- Explain any TEN life insurance policies.