Principles and Practices of Life Insurance syllabus

Principles and Practices of Life Insurance

• 1 Introduction to Life Insurance (6 LHs)

  • Concept and Objectives
  • Economic Value of Life
  • Need for Life Insurance and Premature Death
• 2 Life Insurance Contractual Provision (7 LHs)

  • Components of Life Insurance Contracts
  • Additional Benefits and Riders
  • Dividend, Non-forfeiture, and Settlement Options
• 3 Life Insurance Policies and Annuities (8 LHs)

  • Term, Endowment, and Whole Life Policies
  • Unit-linked Plans and Pensions
  • Annuities and Retirement Accounts
  • Taxation of Individual Annuities
• 4 Underwriting of Life Insurance (7 LHs)

  • Concept, Principles, and Process of Underwriting
  • Agents' and Underwriters' Roles
  • Mortality, Morbidity, and Other Factors
  • Life Insurance Proposal Form
• 5 Claim Settlement of Life Insurance (6 LHs)

  • Claim Settlement Concept and Process
  • Death, Maturity, Survival, and Surrender Claims
  • Legal Provisions and Dispute Settlement in Nepal
• 6 Group Life Insurance (7 LHs)

  • Employee Benefits and Group Insurance
  • Group Life and Disability Income Insurance
  • Marketing and Funding of Group Insurance
• 7 Buying Life Insurance (7 LHs)

  • Life Insurance Costs and Rate of Return
  • Taxation of Life Insurance in Nepal
  • Shopping for Life Insurance