Life insurance and contracts

Life insurance and contracts

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Insurance and Risk Management (FIN 254)

Unit 4: Life Insurance

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of life insurance and contracts.
• Apply the relevant financial concepts or calculations and explain their assumptions, risks and analytical limits.

Curriculum Scope

• Meaning and importance of life insurance
• Types of life insurance
• Life insurance contract
• Procedure of life insurance contract

Detailed Microsyllabus

1. Life insurance

   1. Meaning and importance.
   2. Types and purposes.
   3. Relevant parties and insured event.

2. Contract procedure

   1. Application, assessment and policy formation in the given framework.
   2. Study terms and obligations.
   3. Use supplied institutional and legal materials.

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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.