Fundamentals of Insurance — DU B.A. (V.S.) Insurance Management Previous Year Question Papers

6. Describe the major reforms introduced in the Indian insurance sector in the context of liberalisation and globalisation. ¡ get a v (third-party liability coverage) 37r 21144 $ (comprehensive coverage) #i Write short notes on any three of the following: (a) Principle of contribution. (b) Problem of moral hazard. (c) Scope of agricultural insurance. (d) Principle of utmost good faith. Management (NEP) (b) Answer any five questions. (d) Discrepancy between Hindi and English versions, if any, the meaning in the English version shall prevail. Describe the principle of indemnity in insurance and explain its objectives, importance, and its relationship with the principle of subrogation. 3. Define the principle of insurable interest and discuss its significance in preventing wagering in insurance contracts. ¡ # {4 fa (principle of insurable interest) : Define the principle of proximate cause and examine its insurance claims. implications in determining the actual cause of loss during (principle of proximate cause) a 5. Mr. Ashwani Kumar, aged 35 years, is employed as a Senior established a stable financial position and accumulated Manager in a corporate bank. Over the years, he has valuable assets. He owns a residential house valued at approximately ‹ 80 lakh and a car worth around & 10 lakh. Mr. Kumar is married and maintains a healthy lifestyle. He is a non-smoker and does not consume alcohol. As the primary earning member of the family, he bears significant financial responsibilities, including ensuring the financial security of his spouse and protecting his valuable assets. Considering his age, family obligations, and financial commitments, it is important for Mr. Kumar to adopt a comprehensive insurance plan to safeguard his life, health, and property against unforeseen risks and uncertainties. Analyse the above case and identify the various types of insurance policies that Mr. Ashwani Kumar should consider to protect his life, health, family, and assets from potential risks.