insurance

NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Insurance & Risk Management

Internal Assignment Applicable for September 2021 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.

1. Considering the current pandemic situation across the globe, write a brief note to Head

– HR of an IT Company on why they have to allow you as an Insurance Advisor to the

company to ensure maximum financial security to the company’s employees.

(10 Marks)

For Theoretical Answer Assessment Parameter Weightage Introduction 20% Concepts and Application related to the question

60%

Conclusion 20%

For Numerical Answer Assessment Parameter Weightage Understanding and usage of the formula

20%

Procedure / Steps 50%

Correct Answer & Interpretation

30%

NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Insurance & Risk Management

Internal Assignment Applicable for September 2021 Examination

2. Jayprakash was informed by one of his friends that home insurance comes with a

unique feature of paying the medical expenses of other party. Do you also agree with

this? As an insurance consultant can you share the various products available under

home insurance and break the myth. (10 Marks)

3. M/s Secure Oil Industries Pvt. Ltd. Is one of the leading groundnut oil manufacturing

company. The company has 4 big manufacturing plants – 2 in Maharashtra, 1 in Punjab

and 1 in Kerla. The company has a total employee strength of around 1500

manufacturing workers and 250 management staff. The CEO of the company called

you up to understand how he can protect his company with various hazards. He is

expecting you to provide him solution for:

a. Financial protection against any unforeseen event in factory premises. (5 Marks)

b. Any cost arises due to damages and how they are protected. (5 Marks)

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