M.B.A-M.B.A Banking and Insurance 2nd Year PRINCIPALS AND PRACTICE OF LIFE AND GENERAL INSURANCE(Acharya Nagarjuna University (ANU), Guntur, Andhra Pradesh-2012)

EXECUTIVE M.B.A. DEGREE EXAMINATION, MAY 2012.
First and Second Years
Group E — Banking and Insurance Management
Paper IV — PRINCIPALS AND PRACTICE OF LIFE AND GENERAL INSURANCE
Time : Three hours Maximum : 75 marks
Answer any FIVE questions.
All questions carry equal marks.
1. What are the principles that given insurance?
2. Explain the significance of insurance from the view point of society.
3. Review the historical development of insurance in India.
4. State the essentials of life insurance contract.
5. Discuss different kinds of Life Insurance Policies available in India.
6. What are the two factors that affect premium in insurance?
7. Explain the rights of policy holders.
8. Describe the methods of settlement of insurance claims.
9. How is rate fixed in fire insurance?
10. Elucidate the nature and significance of crop