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| SESSION | JULY – AUGUST 2024 |
| PROGRAM | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | IV |
| COURSE CODE & NAME | DMBFI404 GENERAL INSURANCE MANAGEMENT |
Assignment Set – 1
- Write in detail about the history of nationalization of General Insurance?
Ans 1.
History of Nationalization of General Insurance
The nationalization of general insurance in India marked a significant transformation in the country’s financial and insurance sectors. It was a strategic move aimed at streamlining the insurance sector to better serve the socio-economic needs of the nation.
Pre-Nationalization Era
Before nationalization, the
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- What are the different segments in general insurance? Elaborate
Ans 2.
Different Segments in General Insurance
General insurance covers a wide range of policies designed to protect individuals, businesses, and assets against unforeseen risks and financial losses. It is categorized into various segments, each catering to specific needs.
Motor
- What do you understand by a general insurance contract? Discuss.
Ans 3.
Understanding a General Insurance Contract
A general insurance contract is a legally binding agreement between the insurer and the insured, wherein the insurer agrees to indemnify the insured against specific losses, damages, or liabilities in exchange for a premium
Assignment Set – 2
- Who is the regulator in Insurance? Explain its functions in detail.
Ans 4.
The Regulator in Insurance and Its Functions
The insurance sector in India is regulated by the Insurance Regulatory and Development Authority of India (IRDAI
- What are the different kinds of Insurance documents?
Ans 5.
Different Kinds of Insurance Documents
Insurance documents are vital components of an insurance contract, serving as legal proof of the agreement between the insurer and the insured. These documents provide detailed information about the policy, coverage,
- “Vehicle Insurance is an integral part in General Insurance” Discuss
Ans 6.
“Vehicle Insurance is an Integral Part of General Insurance”
Vehicle insurance, also known as motor insurance, is a critical component of the general insurance industry. It provides financial protection to vehicle owners against damages, losses, or liabilities arising from accidents, theft, or natural disasters. In India, vehicle insurance holds special significance due to the