Insurability, types and social effects

Insurability, types and social effects

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Insurance and Risk Management (FIN 254)

Unit 1: Introduction to Risk and Insurance

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of insurability, types and social effects.
• Apply the relevant financial concepts or calculations and explain their assumptions, risks and analytical limits.

Curriculum Scope

• Requirements of an insurable risk
• Types of insurance
• Benefit and cost of insurance to society

Detailed Microsyllabus

1. Insurability

   1. Requirements in the course framework.
   2. Assess the nature of a possible loss.
   3. Distinguish an insurable risk from a guaranteed acceptance.

2. Types and effects

   1. Insurance categories.
   2. Benefits to individuals and society.
   3. Costs and limits of insurance arrangements.

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Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 92–96.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Examples involving current laws, rates, institutional products or Nepalese status must identify the relevant period and official materials; no changing numerical or legal requirements are invented here.