M.B.A. DEGREE EXAMINATION,
NOVEMBER 2017
Third Semester
LIFE ASSURANCE
(CBCS 2013 onwards)
Time Three Hours Maximum 75 Marks
Part A x 3 15)
Answer all THE questions.
1. What do you mean by Moral Hazard?
2. Define assignment of LIC policy.
3. What is Accident benefit.?
4. What is Group underwriting?
5. Define "lapse".
Part B 10 50)
Answer all the questions, choosing by or
6. Explain in detail the objectives of life assurance.
Or
Differentiate between life assurance and General
Insurance.
Sub. Code
632302
RW-825
2
Ws7
7. Explain the various methods of underwriting in
detail.
Or
Describe the document that are needed for
underwriting a data.
8. Explain the methods of providing for extra
mortality.
Or
Explain the procedure of revival of lapsed life
policies.
9. What are the various forms of payment of surrender
value? Discuss.
Or
Write a short note on
Fore closure
Assignment.
10. Briefly explain the different methods of valuation.
Or
Explain the term disability benefits and its
settlement option.
Part C x 10 10)
Compulsory
11. How the risk is determined in life Insurance? Explain.
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