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Centre For Distance and Online Education Open and Distance Learning (ODL) Mode Kalasalingam Business School

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238 views3 pages

Centre For Distance and Online Education Open and Distance Learning (ODL) Mode Kalasalingam Business School

Copyright
© © All Rights Reserved
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Centre for Distance and Online Education

Open and Distance Learning (ODL) Mode

KALASALINGAM BUSINESS SCHOOL

DEPARTMENT OF BUSINESS ADMINISTRATION


SYLLABUS

Principles of Banking And L T P Credit


MBA18R5104
Insurance 3 0 0 3
Pre-requisite: Nil
Course Category: Program Core Course Type: Theory
Counselling
Blocks/ Units Assignments Practical Hours
Delivery of Course Hours

5/12 2 0 10

Course Objective(s):
This course is designed to impart knowledge of the concepts and principles of
banking and insurance. It further aims at enhancing the understanding
capabilities of students about Actuarial profession and banking systems

Course Outcome(s):
After completing this course, the student will be able to:

CO1 To know the basics of insurance mechanism.

CO2 The student will identify key elements of financial principles.

CO3 To introduce to the learner the basic elements that are involved in actuarial
profession.

CO4 The student will discuss the concepts of banking systems.

CO5 To develop information in mobile banking and electronic fund transfer system.

Mapping of Course Outcome(s):


PO
CO / PO
1 2 3 4 5 6 7 8 9 10 11 12

CO1 M S

CO2 M S
CO3 S M

CO4 S M

CO5 M S

Block I Introduction to Insurance 09 Hours

Definitions of insurance –Origin and History-Significance of insurance –Tax


benefits –Factors influencing on insurance products –Features of insurance
company –Nature of insurance –Reforms in insurance sector –Recent
developments–Fundamental principles of insurance –Comparison of reinsurance
and double insurance –Classification of insurance –Coinsurance –Types of life
insurance policies-–Policy conditions-Difference between nomination and
assignment –Policy conditions and Privileges –valuation –Life fund –Method of
distributing surplus .

Block II Financial principles 09 Hours

premium income and outgo investments - reserves - Surplus - profit - valuation of


surplus. Theory of rating - physical and Moral hazard – meaning of risk-types of
risk-objective of –risk management-risk - under writing – reinsurance-- concepts
and methods. –IRDA regulation

Block III Actuarial Profession-Overview09 Hours

Introduction to profession and professionalism –Evolution of Actuarial profession –


Characteristics of the ideal profession -Characteristics of the Actuarial profession-
Actuary in Financial Services Industry: -Role of Actuaries:-Insurance Business-
valuation of liabilities-profit distribution-product design and product pricing-profit
testing-Assessment of solvency –General Insurance:-Premium rating –Reinsurance
requirements –Health insurance -Role of an appointed Actuary –Role of an Actuary-
other areas -skills required for the Actuary –Acquiring Knowledge about the
Aspects of the Company where Actuary is employed

Block IV Banking 09Hours

Definition –Banking System –Role of Banks in Economic Development –Central


Bank –Functions –Credit Control Measures –Role of RBI in Regulatory and
Controlling Banks. E-Banking –meaning –E-Banking and Financial Services –Risk
Management for E-Banking.

Block V Mobile Banking09Hours

meaning –Services –Security Issues –Telephone Banking –Mechanism –Telephone


Banking System –Call Centers .ATM –Features –Mechanism –Benefits –Shared ATM
Network in India –Digital Money –Mode of Issue and Implications –E-Money and
Monetary Policy –Policy issues of RBI –Electronic Funds Transfer System
TEXTBOOKS

Life Insurance Textbook Part A Learning material on Life insurance for the Institute
of Actuaries of Australia Part III Course 2A Life Insurance. Edition v1, June 2016©
Institute of Actuaries of Australia 2016.

1. Group Insurance, Skwire, Seventh Edition, 2016, ACTEX, (Group &


Health Extension ONLY)
2. Value at Risk: The New Benchmark for Managing Financial Risk,
Jorion, P., Third Edition, 2007, McGraw Hill
3. Financial Enterprise Risk Management, Sweeting, P., 2011,
Cambridge Univ Press

REFERENCES

1. Principles of ManagementK. Anbuvelan 2016


2. Principles and Practice of ManagementT. N. Chhabra 2016

3. S. Nataraj and R. Parameswaran, “Indian Banking”, S.Chand& Sons


Publisher, New Delhi.
4. Principles of ManagementB. S. Moshal 1st edition 2009,reprint 2015
5. Risk Management - Principles and Techniquesby Uma Narang 1st
Edition 2015

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