Life insurance in India made its debut well over 100 years ago.In our country, which is one of the most populated in the world, the prominence of insurance is not as widely understood, as it ought to be. What follows is an attempt to acquaint readers with some of the concepts of life insurance, with special reference to LIC. It should, however, be clearly understood that the following content is by no means an exhaustive description of the terms and conditions of an LIC policy or its benefits or privileges. For more details, please contact our branch or divisional office. Any LIC Agent will be glad to help you choose the life insurance plan to meet your needs and render policy servicing. Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against. The contract is valid for payment of the insured amount during: The date of maturity, or Specified dates at periodic intervals, or Unfortunate death, if it occurs earlier. Among other things, the contract also provides for the payment of premium periodically to the Corporation by the policyholder. Life insurance is universally acknowledged to be an institution, which eliminates 'risk', substituting certainty for uncertainty and comes to the timely aid of the family in the unfortunate event of death of the breadwinner. By and large, life insurance is civilisation's partial solution to the problems caused by death. Life insurance, in short, is concerned with two hazards that stand across the life-path of every person: That of dying prematurely leaving a dependent family to fend for itself. That of living till old age without visible means of support.
ELIGIBILITY
:
Candidate with 40% marks in aggregate in Bachelor's / Master's Degree of a recognised University are eligible for admission. Candidates studying in a regular course of study in any discipline are not eligible for admission. Preference will be given to candidates sponsored by a business or industrial /Hospital concern..
DURATION
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One Academic Year. The course may be offered as Regular/Evening/Correspondence mode.
COURSE OF STUDY
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Core Papers:
| Paper 1 |
Management Process, |
| Paper 2 |
Organisational behaviour and development
|
| Paper 3 |
Business ethics/Human values
|
| Paper 4 |
Organisational communications
|
SPECIALISATION COURSES
:
| Course 1 |
Legal Aspects of Insurance |
| Course 2 |
Life Insurance
|
| Course 3 |
General Insurance
|
| Course 4 |
Management of the Insurance Business
|
