o5 Exam SeatNo.

THE MAHARAJA SAYAJIRAO

UNIVERSITY OF BARODA
BACHELOR OF COMMERCE- SEMESTER END
T.Y.B.COM SEMESTER SIXTH END EXAMINATION (MAY 2023}
JSS B.COM-III|
SUBJECT: INSURANCE PRODUCTS (BNK1603)
Day &Date: Saturday, 29-04-2023 Time:8:00 a.m.to 11:00a.m.
Maximum Marks: 70

Notes:
1 There are Two sections in the question paper.
2 Answers of Both the sections are to be written in TWO separate Answerbooks.
3 Section-I carrics aweightage of 40marks and Section-ll carries aweightage of 30marks.
4 Figures in brackets indicate marks.
SECTION-I
Q.1 Do as directed: (10)
a) Define the term Peril withexamples.
b)State objective of Insurance Reforms in India.
c)Discuss the Suicide Clause in lifeinsurance.
d)What is Marine Hull insurance? Explain.
0.2 Define insurance and state its functions. (15)
OR

.0.2 Write Short notes on: (15)

a) Principle of Contribution
b)Principle of Insurable Interest

0.3 .Write a detailed note on "Insurance Regulatory and Development Authority Act, 1999", (15)
OR

0.3 Write a note onInsurance Act, 1938". (15)

SECTION-II

Q.4State various types of life insurance policies, (15)

OR

Q4Discuss in detail "Group Insurance". (15)

Q.5 What is Fire Insurance? Explain the types and risks covered in fire insurance, (15)
OR

Q.5Write a note on "Burglary Insurance". (15)

47
 Exam seat No.
THE MAHARAJASAYAJIRAO UNIVERSITY OF BARODA
L50
B.COM. CBCS
SSBCOM IIEND SEMESTER EXAMINATION NOV 2022
SUBJECT: INSURANCE PRODUCTS(BNK1603)

Day & Date: Friday, 10-3-2023 Time: &8:00a.m. to 11:00a.m. Maximum Marks: 70
Notes:

Question No. Iis compulsory.

2 Answers of Both the sections are to be written in TWO separate Answer books.
3 Section- I carries weightage of 40 marks and Section- IIcarries weightage of 30 marks.
4 Figures in bracket indicate marks.

SECTION-I
Q.1 Discuss the following: (10)
A) What is a Certificate of insurance in the contract of insurance?
B) Discuss the constitution of IRDAI as per the IRDA Act 1999.
C) Why Free Look Provision is a privilege to the policyholder in the insurance?
D) What are the risks covered in ICC (B)?

Q.2 What is insurance? Discuss the functions of insurance in detail.

(15)
OR
Q.2 Write anote on Insurance Underwriting".

Q.3 What is Postal Life Insurance? Explain in detail the history and products of Postal Life Insurance. (15)
OR
Q.3 Discuss section 38 and section 39 of Insurance Act 1938 in detail.

SECTION-II

Q.4 Write a note on Unit Linked Insurance Products". (15)

OR
Q.4 Discuss the following:
a)Surrender b) Loan c) Assignment.

Q.5 What is the role of general insurance in the economic development of the country? Explain. (15)
OR
Q.5 Writea note on Fire insurance in India"!

48
25
Exan Sest No.
THE MAHARAJA SAYAJIRAO UNIVERSITY OF BARODA
ENDSEMESTER EXAMINATION,OCTOBER 2019
TY BCOM (CBCS) -SSBCOM II!

pay &Date: Saturday, 05-i0-2019 Time: 11:30 am to 02:30 pm

INSURANCE PRODUCTS(BNK1603).-(INTERDISCIPLINARY ELECTIVE)

Maximum narks: 70

Notes: (1) Answers to both sections are to be written in Two Separate Answer books.
marks.
(2) Section -Icarry weightage of 40marks and Scction--II carry weightage of 30
(3) Question no. I is compulsory.
(4)Figurces given in the brackets on the right side indicate Marks.
SECTION -I
(10)
Q.1.Explain in brief
a) Principle of Contribution.
b) Benefits of Rural Postal Life Insurance.
c) Riders in Life Insurancc.
d) Fire Insurance.
(15)
Faith" and "lndemnity" with suitable
Q.2. Explain in detail Principlc of"Utmost Good
illustration.
OR
0.2. Write notes on (09)
a) Functions of Insurance. (06)
Underwriting in Insurance.
b) Need and Importance of
(15)
Q.3. Write an cssay on RDAI". OR

0.3. Write notes on Policy" as a type (09)

"Endowment Assurance" and "Children
a) "Whole Lifc Assurance", under Postal Life Insurance.
of Insurance plan offered (06)
Insurance busincss in India.
b) Nationalization of Life
SECTION- II

Q.4.Diferentiate between (08)

and Assignment.
a) NominationTraditional (07)
Plans.
b} ULIPs and OR
Q.4. Write notes on Contract. (10)
Surrender Value" in Life Insurance
a) Concept of "Claims" and lnsurance product. (05)
b) "Term Insurance" as typc of
(15)
Insurance".
Q.5. Write an essay on "Marine OR
(15)
Q.5. Explain in detail Miscellaneous Insurance Policies.
 2
Exam Seat No
THE MAHARAJA SAYAJIRAO UNIVERSITY OF BARODA

T.Y. B. COM. SIXTH SEMESTEREND OF OCTOBER 2018

SSBCOM II SEMESTER (VI)
SUBJECT: INSURANCE PRODUCTS (BNK 1603)
Day and Date: Friday, 26"October 2018 Time:80 A.M. to 11A.M.
Maximum Marks: 70.
Note: 1)Attempt both the sections in Separate answer b0oks.
2) Section I carry 40 marks and Section - II carry 30 Marks.
3) Question- Iof Section- I is compulsory.
SECTION-I
Q.1. Answerthe following questions in brief. (10)
(a) Utmost good faith
(6) Objectives of GIC
(c) Group insurance
(d) Mediclaim insurance

Q.2. Write a brief note on following.

(a) Functions of insurance (07)
(b) Significance of insurance from individual point of view. (08)
OR
Q.2.Write a brief note on following.
(a) Essential elements of valid insurance Contract. (07)
(b) Significance of insurance from business point of view. (08)

Q.3.Write an essay on Postal Life Insurance (15)

OR
Q.3. Write a brief note on following.
(a) Describe the Post-nationalization scenario of lnsurance business in India. (10)
(b) Nationalisation of Life insurance business in India. (05)

SECTION:II
Q.4. Write notes on:
(a) Mr. Ramwants to purchase an endowment plan;his age on she date of purchase of policy is 29
years, 7 months and Sdays. Policy termis 25 years, premium paymentmode is yearly with the
rebate of Rs l/, Sum assured is 5,00,000 and rebate on sum assured is Rs.1.5/-, Tabular
premium for age nearer birthday 29 years-Rs.26.00, 30 ycars-Rs.28.00.
Rider details: (i) DABrider is Rs. 2.00per thousand (i) disability benefit rider is Rs.0.50per
thousand. (08)
(b) Claims in life insurance policies. (07)
OR
Q.4.Write notes on:
(a) Difference between assurance and insurance (08)
(b)Type of riders in life insurance plans. (07)

0.5. Write notes on:

(a) Motor vehicle insurance (08)
(b) Personal accident insurance (07)
OR
Q.5.Explain in detailstandard fire and special peril policy. (15)

50
 Exam Seat No

The Maharaja Sayajirao University of Baroda

S.Y B.Com (Honours)
Semester V End Examination of April 2018

INSURANCE PRODUCTS (BNK 1603)

BNK 14B3
Time: 11.30 to 1.30pm
2018
oate: Thursday, 19" April

Notes: separate answer books.

sections to be written in
1 Answers to both the
indicate marks.
2 Fiqures to the right
Question 1is compulsory
3.
(Section |= 40 Marks, Section ll= 30 Marks)
4 Maximum marks: 70
SECTION-!
(10)
questions in brief.
0.1Answer the following Principle of Utmost Good Faith
a) a note on the
Write
IRDAI
b) Discuss the objectives of
Explain Group Insurance Policies
c) Assignment in Life Insurance
Define Nominatíon and
d)
(15)
Policy documents.
Q.2 Explain in detail Insurance OR
business giving suitable
principles as applicable to Life Insurance
Q.2 Write an essay on
the (15)
illustrations.
Insurance business in India.
History and Evolution of Life and General
Q.3 Write an essay on
the (15)
OR
(15)
Life insurance.
Q3. Discuss in detail Postal
SECTION-II

Q.4Write short notes on the foliowing: (08)

a) Unit linked Insurance plans
(07)
Insurance Plans
b) Type of Riders in Life
OR

Q4 Answer the following:

Life Insurance Plans (07)
a) Write ashort note on claims in

51
 b) Mr. Ram wants to purchase an endowment plan. His age on the date of purchase of policy is
30 years6 month and 10 days. Policy term is 25 years, premiun payment mode is half
yearly with the rebate of Rs.1.5/-, Sum assured is 5,00,000 and rebate on sum assured is
Rs.2/
Tabular premium for age nearer birthday 30 years - Rs.35.00, 31 years - Rs.37.50
Rider details given as under:
i. Death accidental benefit rider (Rs.5 extra)
i. Extended permanent disability benefit rider (Rs.2 per thousand)
iH. Health benefit rider (Rs.3 extra)
Find out the half yearly premium with the above given
information. (08)
5 Write a detailed note on Marine Insurance.
(15)
OR
5 Write short notes on the
following:
a) Standard fire and Special peril policy.
b) Motor Vehicle Insurance (08)
(07)

5
SlipNo:
THE
MAHARAJA
T.Y.B.COM.SAYAJIRAO
- UNIVERSITY OF BARODA
Seat No:

SEMESTER-VI END (CBCS-IE)

INSURANCE PRODUCTS (BNK 1603)
Dayy&Date: Thursday, 28-09-2017
Time: 3-00 p m. to 6 00 p.m.
Notes: (1) Attempt all Maximum Marks: 70
questions as per given internal option.
(2)Figures if1 bracket
(3) Tie answers of eachindicate marks.
section separately.
Q.1. Describe the following terms: SECTION -I
(a) Utmost Good Faith. (10)
(b) Nomination in life insurance plans
(c) Tem Insurance plan (d) Motor vehicle insurance.
o.2. Life insurance Works on certain principles' explain with suitable illustrations. (15)
OR
02. Wite notes on: (15)
(a) Insurance contract and its essentials
(b) Insurance underwriting.
(15)
0.3. Write notes on:
(a) Indisputability clause (sec.45) of Insurance Act, 1938.
(b) IRDAI
OR
(15)
Q.3. Write notes on:
of Insurance Act, 1938.
(a) Licensing of agents (sec.40)
(b) Postal life insurance. SECTION I
(15)
of following life insurance products: (c) Endowment Plan.
Q.4. Describe features and
(b) ULIPS.
(a) Term Plan. OR (15)
reference to life policies: (c) Assignment.
concepts with and
Q.4, Describe following (b).Riders
(a) Surrender value. (15)
Q.5. Write notes on:
(a) Marine insurance.
(b) Mediclaim insurance OR (15)

Q.5. Write notes on:

(a) Fire insurance.
accident insurance.
(b) Personal
 Exam Seat No:
THE MAHARAJA SAYAJIRAO UNIVERSITY OF BARODA
T.Y.B.COM. - SEMESTER-VI END (CBCS- IE)
INSURANCE PRODUCTS (BNK 1603)
Day &Date: Wednesday, 19-04-2017 Time: 8:00 a.m. to 11.00 a.m.
Maximum Marks: 70
Notes: (1) Attempt all questions as per given internal option.
(2) Figures in bracket indicate marks.
(3) Tie answers of each section separately.
SECTION!
Q.1. Describe the following terms:
(a) Insurable Interest
(10)
(b) Rural postal life insurance
(c) Term Insurance plan (d) Personal accident insurance
Q.2. Describe with suitable illustrations the application of any two
to life insurance. principles relating
(15)
OR
Q.2. Write notes on:
(a) Functions of insurance (15)
(b) Policy documents
Q.3. VWrite an essay on 'Postal life
insurance' (15)
OR
O.3. Write notes on:
(a) Assignment and Nomination
(Section 38 and 39) of Insurance Act, 1938. (15)
(b) History and regulation of Insurance
business in India.
SECTION II
Q.4. Write an essay on Unit linked
product.
insurance plan as an innovative life insurance
OR (15)
Q.4. (a) On the basis of the
Sum assured is Rs. 1,00,000/-. following data calculate half
As on date age of the proposeryearly premium.
26 days. Policy term is 30 years. is 27 years 5months and
per thousand, half yearly is Rs. Premium payment mode rebate for yearly is Rs. 1.50/
1.00/- per thousand, quarterly Nil and
5% extra.on tabular premium.
Rebate for monthly charge is
S.A. Rs. 50,000/ to Rs 1,99,999/- and sum assured are Rs. 1.50/- per thousand for
Rs 2.00 per thousand for S.A. Rs
above. Double Accident benefit rider is at 2,00,000/- and
Rs. 1.50/- per thousand and
disability benefit rider is at Rs 1.00/- per permanent
age nearer birthday are 26 yearS- thousand. Tabular premium (per thousand) for
Rs 26.46/-, 27 years- Rs.
28.15/-. 27.08/-, 28years- Rs
(b) Write a note on (08)
annuities plans.
(07)
Q.5. Describe features of the fire
insurance contract. Explain various standard fire
policies and special coverages under fire insurance.
Q.5. Write notes on: OR (15)
(a) Motor vehicle
insurance
(b) Mediclaim insurance (15)

54
 Slip No:
Seat No: --
THE MAHARAJASAYA.JIRAOUNIVERSITY OF
T.YB.COM - BARODA
SEMESTERVI EXAMINATION,OCTOBER-2016 (CBCS)
INSURANCE PRODUCTS
INTERDISCIPLINARY ELECTIVE (BNKI1603)
Day & Date WEDNESDAY, 19-10-2016 Time: 3-00 p.m. to 06-00 p.m.
Maximum Marks: 70
Notes: (1) Section Icarries 40 marks and Section ll carries 30 marks.
(2) All questions are
(3) Figures in bracket compulsory.
indicate marks.
(4) Tie answers of each section
separately.
SECTION-I
Q.1. Define the following terms: (10)
(a) Insurable interest (b)Assignment of life insurance policy
(c) Endowment Plan (d) Annuities plans.
Q.2. (a)Define insurance ar:d bring out need for various types of insurance covers to individuals(o4)
(b) Describe functions tof lnsurance (06)
OR
Q.2. 'Allinsurance contracis are not contract of indemnity- Discuss giving suitable illustrations(! 5)
Q.3. Write an essay on 'Postal life insurance' (15)
OR
Q.3. Nrite notes on: (15)
(a) Section 45 o Insurance Act, 1938 (b) History and regulation of ife insurance in India
SECTION- II
Q.4. Write a note on:
(a) Riders in life insurance plans. (15)
(b) Death and maturity clams.
(c) Rral and social sector obligations of insurers
OR
O.4. (a) Write a note on 'Nomination in life insurance plans.
(b) Describe fulBy the features of Group insurance plan. (05)
(10;
Q.5. (a) Describe features of personal accident insurance plan.
(o) Write a note on Fire insurance policies. (10)
OR
(05)
Q.5. Write an essay on "Marie Msurance- policies and products".
(15)
 Slip No. Seat No - .
THE MAHARAJA SAYAJIRAO UNVERSITY OF BARODA
T.Y.B COM - SEMESTER VI EXAMINATION, SEPTEMBER 2015 (CBCS)
INSURANCEPRODUCTS
(INTERDISCIPLINARY ELECTIVE -BNKI1603)
Day & Date WEDNESDAY, 30/09/2015 Tirne: 3-00 pm. to 6 00 P.m
Maximum Marks: 70

iOies: (1;Secir. lcarries 4 maiks aid Section icarT0es 30 marks.

{2) Al questions are compulsory.
(3)Figures in bracket indicate marks.
(4) Tie answers of each section separately.
SECTION-I
Q.1. Define and explain the following terms: (10)
(a)Conccpt cf insurance (L) Nomination of life insurance policy
(cj Si.rerdervalue (d} Marine insurance

a.2. Evescriba any three principies arpicable to iie insurance segment. (16)
OR
Q.3. VWrrte rotes on:
{a) Festures of insurance poicydocumernts (06)
(b) Functions of insurance. (09)

Q4. Wriie an essay on Postat ife insur.are (15:

UR
O.5. Write noles on:
a) Funcions of IRDA (07)
bi Section 45 of InsuranceAct, 1938 (08)
SECTION- |
Q.6. Desciite ie features of traditional iíe insurance Plans t a (15)
C.7.VVrte noies n.
a} Riders in ite insurance
bì Clains in fife insurance.

Q.8.VritE n essay on Marine insurance' (15)

OR
Q9. Write notes on:
(a) 'ersonaB accident Insrance.
{b) Fideiity guarantee insurance (07;
 Seat No:
Sip No: -
SAYAJIRAO UNVERSITY OF BARODA
IHE MAHARAJA EXAMINATION,April 2015 (CBCS)
I.Y.B.COM -SEMESTER VI
6
2200 INSURANCE PRODUCTS
INTERDISCIPLINARY ELECTIVE (BNKI1603)
a.m. to 11 00 a.m.
Time. 8-00Maximum Marks: 70
Day &date: SATURDAY, 25/04/2015
30 marks.
Section icarries 40 marks and Section llcarries
Notes: (1)
(2) Allquestions are compulsory.marks.
(3)Figures in bracket indicate
section separately.
(4) Tie answers of each
SECTION-I (10)
Q.1. Define and explain the foliowing terms: (b) Assignment of life insurance policy.
(a) Insurance (d) Fire nsurance
(c)Riders in life insurance
contsact
(15)
of a valhd insurance
Q.2. Desscribe the essential elements OR
Q.3. Write notes on (05)
(a) Features of insurance policy documents.interest (10)
(b)Principles of indemnity and insurabie
of unsurance buSiness in India.
(15)
Q.4. Describe the historical evolution
OR
Q.5. Write notes on. (07)
(a)Section 45 of tnsurance Act, 1938. (08)
(b) IRDA.
SECTION
insurance Plan'. (15)
Q.6. Write an essay on ULIPs as an innovative life
OR
Q.7.Write notes on
(15)
a) Surrender Value
b) Claims in life insurance.

Products'. (15)
Q.8. Write an essay on 'Marine insurance-Policies and
OR
Q.9. Write notes on: (15)
a) Personal accident Insurance
b) Fire insurance.