INS 218

Micro Insurance

TU BBM · Semester 7 · BBM curriculum effective from 2021

Requirement
elective
Credits
3
Past papers
0 papers

Syllabus

What this course covers and how the teaching time is divided.

Micro Insurance Syllabus

Official TU PDF

Tribhuvan University

Faculty of Management

Office of the Dean

Bachelor of Business Management (BBM)

Course Title: Micro Insurance

Course Code: INS 218

Semester: Semester 7

Nature of Course: elective

Full Marks: 100

Pass Marks: 50

Credit Hours: 3 Cr.

Curriculum: BBM curriculum effective from 2021

Course Description

:

This course contains an introduction to micro insurance, micro insurance environment, micro insurance delivery channels, micro insurance underwriting and claim, micro insurance inclusion, micro insurance in Nepal, micro insurance regulation in Nepal.

Course Objective

:

The main objective of this course is to acquaint students with various dimensions of micro insurance. This course also deals with the micro insurance regulation in Nepal. Course Description This course contains an introduction to micro insurance, micro insurance environment, micro insurance delivery channels, micro insurance underwriting and claim, micro insurance inclusion, micro insurance in Nepal, micro insurance regulation in Nepal.

Course Contents:

Lecture hours show the approximate classroom time allocated to each unit.

Unit 1. Introduction

4 hours
  • Micro Insurance: Concept and Features
  • Micro Insurance Benefits: For Insured (policyholders), Intermediaries, and Insurers
  • Social Benefits of Micro Insurance
  • Conventional Insurance Vs Micro
  • Insurance.

Unit 2. Micro Insurance Environment

10 hours
  • Micro Insurance Environment
  • Components of Micro Insurance Environment (Micro level )
  • Micro Insurance Key Players - Policyholders, Insurers, Insurance Intermediaries
  • M eso level - Support Infrastructure, Reinsurers, Actuaries, Adjusters and Surveyors , Auditors, Researchers, Market Research Institutes, IT Service Providers
  • Macro Level - Enabling Environment , Legislation, Regulation, Policy, Supervision.

Unit 3. Micro Insurance Delivery Channels

4 hours
  • Micro Insurance Delivery Channels -Concept and Importance, Types of Delivery Channe ls Partner- agent Model, Full-service Model, Mutual or Community-based Model, Provider Model.

Unit 4. Micro Insurance Underwriting and Claim

6 hours
  • Micro insurance Underwriting
  • Micro Insurance Risk - Proposal Form - Scheduling – Pricing-Claim Settlement Process
  • Challenges of Micro Insurance Underwriting and Claim.

Unit 5. Micro Insurance and Inclusion

8 hours
  • Micro Insurance and Poverty
  • Micro Insurance Role in Financial Inclusion, Micro Insurance SWOT Analysis
  • Micro Insurance an Innovative Tool for Risk and Disaster Management.

Unit 6. Micro Insurance in Nepal

8 hours
  • Overview of Micro Insurance in Nepal
  • Micro Insurance Products: Household, Health, Person Accident, Cattle and Bird, Cro p, Micro Term Insurance, Endo wment Life
  • Challenges of Micro Insurance (from Policyholders
  • Insurers
  • Delivery Channels and Regulators’ Perspective), Remedial Measures, Potential Micro Insurance Market in Nepal and the Way Forward.

Unit 7. Micro Insurance Regulation in Nepal

8 hours
  • Provisions of Insurance Act and Insurance Regulation, Micro insurance Directive, 2071- Definition, Types of Micro Insurance Products, Delivery Channels, Claims Settlement, Management of Micro Insurance, Operations, Reporting, Monitoring and Supervision Mechanism
  • Social Protection.
  • Text and References Nepal Insurance Authority, Microinsurance Directive, Kathmandu Insurance Regulatory and Development Authority, India: www.irda.gov.in Microinsurance Academy: www.microinsuranceacademy.org