KAKATIYA UNIVERSITY

B.Com (III Semester) Examination

Dec/Jan 2023-24
PRACTICES OF LIFE INSURANCE
Time: 2 Hours] [Max. Marks: 40
Section – A (SHORT ANSWER QUESTIONS) (Marks: 4 × 4 = 16)
1. Answer any FOUR of the following.
a) Define the importance of Life Insurance. [Q.No. 3, Pg No. 6]
b) Paid-up value. [Q.No. 48, Pg No. 82]
c) Define group insurance policies. [Q.No. 42, Pg No. 78]
d) What do you mean by claim? [Q.No. 2, Pg No. 88]
e) What is underwriting? [Q.No. 21, Pg No. 121]
f) Define Capital Markets. [Q.No. 13, Pg No. 112]
Section – B (ESSAY TYPE QUESTIONS) (Marks: 2 × 12 = 24)
Answer the following questions.
2.a) Explain various principles of Life Insurance.
(OR) [Q.No. 6, Pg No. 12]
b) Define premium. What are the factors to be considered in
calculating premium? [Q.No. 25, Pg No. 59]
3.a) Discuss the claim settlement procedure and documents needed
for a Life Insurance policy. (OR) [Q.No. 1, Pg No. 85]
b) What is financial planning? Explain the role of Life Insurance
policies in financial planning. [Q.No. 11, Pg No. 108]
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KAKATIYA UNIVERSITY
B.Com (III Semester) Examination Feb. 2023
PRACTICES OF LIFE INSURANCE
Time: 2 Hours] [Max. Marks: 40
Section – A (SHORT ANSWER QUESTIONS) (Marks: 4 × 4 = 16)
1. Answer any FOUR of the following.
a) Write about the Principle of Indemnity. [Q.No. 6, Pg No. 12]
b) Surrender Value. [Q.No. 47, Pg No. 81]
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c) Define Rider Premium. [Q.No. 28, Pg No. 65]
d) Define Death claim. [Q.No. 2, Pg No. 88]
e) What is Underwriting? [Q.No. 21, Pg No. 121]
f) Explain ‘Mutual Fund’. [Q.No. 30, Pg No. 128]
Section – B (ESSAY TYPE QUESTIONS) (Marks: 2 × 12 = 24)
Answer the following questions.
2.a) Write about the various types of Life Insurance Policies in India.
(OR) [Q.No. 11, Pg No. 26]
b) Define Premium. What are the factors considered in calculating
Premium? [Q.No. 24, 25, Pg No. 57, 59]
3.a) What is the need for Underwriting? Briefly describe the guiding
principles of Underwriting. [Q.No. 4, 6, Pg No. 93, 98]
(OR) [Q.No. 4, 6, Pg No. 93, 98]
b) Discuss the claim settlement procedure and documents in Life
Insurance. [Q.No. 1, Pg No. 85]

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KAKATIYA UNIVERSITY
B.Com (III Semester) Examination March. 2022
PRACTICES OF LIFE INSURANCE
Time: 2 Hours] [Max. Marks: 40
Section – A (SHORT ANSWER QUESTIONS) (Marks: 4 × 4 = 16)
1. Answer any FOUR of the following.
a) What do you mean by Life Insurance? [Q.No. 30, Pg No. 69]
b) Endowment Plan? [Q.No. 34, Pg No. 71]
c) What is Mutual Fund? [Q.No. 30, Pg No. 128]
d) What do you mean by claim? [Q.No. 29, Pg No. 127]
e) What is underwriting? [Q.No. 21, Pg No. 121]
f) Surrender value. [Q.No. 47, Pg No. 81]
Section – B (ESSAY TYPE QUESTIONS) (Marks: 2 × 12 = 24)
Answer the following questions.
2.a) Write about types of Life Insurance Policies in India.
(OR) [Q.No. 11, Pg No. 26]
 B.Com._POLI3EM_Free Booklet 4
b) What is group insurance? What are the special features of group
insurance? [Q.No. 21, Pg No. 51]
3.a) Discuss about claim settlement procedure and documents in Life
Insurance. (OR) [Q.No. 1, Pg No. 85]
b) Explain how Insurance and Mutual Funds related?
[Q.No. 27, 12, Pg No. 125, 110]

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KAKATIYA UNIVERSITY
B.Com (III Semester) Examination July 2021
PRACTICES OF LIFE INSURANCE
Time: 2 Hours] [Max. Marks: 40
Section – A (Marks: 4 × 4 = 16)
(SHORT ANSWER QUESTIONS)
1. Answer any FOUR of the following.
a) What is premium? [Q.No. 24, Pg No. 57]
b) Define ULIPs. [Q.No. 15, Pg No. 37]
c) Annuities. [Q.No. 32, Pg No. 70]
d) What is claim settlement? [Q.No. 16, Pg No. 117]
e) What is taxation in insurance? [Q.No. 15, Pg No. 115]
f) What is death claim? [Q.No. 2, Pg No. 90]
Section – B (ESSAY TYPE QUESTIONS) (Marks: 2 × 12 = 24)
Answer the following questions.
2.a) What is the role of premium in insurance? What are the types of
premium? (OR) [Q.No. 24, Pg No. 57]
b) Briefly describe the principles of insurance.
[Q.No. 6, Pg No. 12]
3.a) Describe the process of getting insurance policy in life insurance.
(OR) [Q.No. 5, Pg No. 10]
b) What is financial planning? Explain the role of life insurance
policies in financial planning.
[Q.No. 11, Pg No. 108]
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