NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Insurance & Risk Management
Internal Assignment Applicable for December 2022 Examination

Assignment Marks: 30

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.

For Theoretical Answer For Numerical Answer

Assessment Parameter Weightage Assessment Parameter Weightage
Introduction 20% Understanding and usage 20%
Concepts and Application 60% of the formula
related to the question Procedure / Steps 60%
Conclusion 20% Correct Answer & 20%
Interpretation

1. A Businessman running a Fabrication Factory want to avail a Life Insurance for his
Family and also he want to take General Insurance for his Factory Machines, Furniture
& other assets. For this Businessman pt. of view What Grounds General Insurance can be
treated different paradigm than Life Insurance? (10 Marks)

2. If an Insurance & Risk Advisor need to advice upon various Loss Exposures to a Business
House What factors would be envisaged for the same ? (10 Marks)
 NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Insurance & Risk Management
Internal Assignment Applicable for December 2022 Examination

3. a. What are Common Characteristics of Risk Management observed Insurance Context ?

(5 Marks)

3. b If a Health Insurance Policy agreement for Cover of Rs 7 Lakhs is about to expire on 31st
of December, on 28th Dec person gets Heart Attack & gets admitted in Hospital. Even
though person gets a reminder letter on 15th Dec, still Heath Insurance policy is Not
renewed
By Pass Surgery is advised with Cost of Rs. 10 Lakhs Person also want to change Health
Insurance Company (Contract) from coming Financial Year. Kindly advise RIGHT course
of Action as per Health Insurance guidelines parameters
(5 Marks)

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