Syllabus of Banking And Insurance

Financial System: Institutions, Markets
Primary, Secondary, Money & Capital markets, instruments of money market, Functions and their economic
significance.

Commercial Banks
Functions, Structure of Commercial banks in India- Sources of funds, Investment norms-factors determining liquidity of banks-Asset Structure of Commercial banks-profitability of banks.

The concept of Risk & Insurance
classification of insurance-life insurance—types of General Insurance – insurance of property, pecuniary interest, liability and person – types of policies fire, marine, motor, engineering, aviation, agriculture, liability and person.

Essentials of a contract
Principles applicable to insurance business- utmost good faith- insurable interest-indemnity-subrogation and contribution – proximate cause- financial principles- premium funds- investments-reserves-surplus-valuation of funds. Introduction to risk- Risk Appraisal-risk selection-underwriting-Reinsuranceconcepts and methods-facultative, treaty reinsurances and various methods.

Growth and development of insurance
present day Regulatory environment- Insurance Act, 1938-IRDA Act, 1999-Present Market environment- intermediaries – Office organization-departments-files-correspondence-new technology, controls.

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