Banking and Insurance

Paper Code: 
EMF 424
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

•To develop an insight into management and marketing of banking and insurance services and technology.

12.00
Unit I: 

 Introduction to Indian Banking System, Reserve Bank- Legal Framework and main functions, Different types of accounts, Banker Customer relationship, customer services in banks, KYC norms and anti-money laundering.

12.00
Unit II: 

Technology in banks, Payment and settlement system in banks- New age clearing, national gateways, international gateways, Retail banking, Treasury management, priority sector lending.

12.00
Unit III: 

History and development of Insurance, Risk management and role of insurance, Legal aspects of insurance and essentials of insurance contracts, classification of insurance, Life insurance : traditional products, market related products, annuities-pension plans riders-business insurance, group insurance, pricing in life insurance.

12.00
Unit IV: 

Claims management in life insurance, Distribution channel and intermediaries, insurance regulation and supervision.

12.00
Unit V: 

Marketing of banking and insurance services, Contemporary issues in banking and insurance.

A minimum of one case study will be discussed per unit of the syllabi

References: 

Text Books:

  1. Vijaygagavan Lyengar, Introduction to Banking, Excel, Latest Edition.
  2. S.Arunajatesan and T.R. Vishwanathan, Risk Management and Insurance, Macmillan, Latest Edition.

Other  readings:

  1. Neelam C Gulati, Principles of Insurance Management, Excel, Latest Edition.
  2. Trieschmann, Hoyt and Sommer, Risk Management and Insurance, Cengage Learning, Latest Edition.
  3. George E Rejda, Principles of Risk Management and Insurance, Pearson, Latest Edition.