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“An Insurance policy acts as a safeguard mechanism for an individual or organisation to reduce the effect of loss caused by various risk”. Describe the prerequisites or steps you would take for buying an insurance policy. |
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| University | Nmims Blog |
| Service Type | Questions |
| Course | NMIMS Assignment Questions |
| Semester | |
| Short Name or Subject Code | Insurance & Risk Management |
| Product | NMIMS Assignment Questions of Questions (Nmims Blog) |
| Pattern | |
| Price |
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We have two types of assignment for NMIMS
1. General for everyone
2 special and plagarism free unigue assignment
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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Insurance & Risk Management
Internal Assignment Applicable for June 2020 Examination
Assignment Marks: 30 Instructions:
Instructions :-
- All Questions carry equal marks.
- All Questions are compulsory
- All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far as possible.
- All answers to be written individually. Discussion and group work is not advisable.
- Students are free to refer to any books/reference material/website/internet for attempting their assignments, but are not allowed to copy the matter as it is from the source of reference.
- Students should write the assignment in their own words. Copying of assignments from other students is not allowed
- Students should follow the following parameter for answering the assignment questions
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For Theoretical Answer |
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Assessment Parameter |
Weightage |
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Introduction |
20% |
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Concepts and Application related to the question |
60% |
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Conclusion |
20% |
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For Numerical Answer |
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Assessment Parameter |
Weightage |
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Understanding and usage of the formula |
20% |
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Procedure / Steps |
50% |
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Correct Answer & Interpretation |
30% |
- “An Insurance policy acts as a safeguard mechanism for an individual or organisation to reduce the effect of loss caused by various risk”. Describe the prerequisites or steps you would take for buying an insurance policy. (10 marks)
- Principles of Insurance forms the backbone of the entire sectors. Enumerate with examples any three such principles. (10 marks)
- Jatin has recently started working with a renowned MNC after passing out of a premier BSchool. A senior colleague has suggested him to take a life insurance policy. However, Jatin is not convinced with the idea of taking a life insurance policy and is unaware of the various life insurance products which are available in the market. As a friend of Jatin You need to make Jatin understand the following:
a) Explain the concept of life insurance to Mr. Jatin and highlight the importance of a having life insurance policy (5 marks )
b) Help Jatin in explaining the various types of life insurance policies which are available in the market (5 marks)