Life and disability underwriting

Course description

This course provides the students with a comprehensive understanding of life insurance policies; policy underwriting, wordings and claims settlement. Further it deals with the disability underwriting and what disability insurance coverage, how it works, and where it may be suited in an individual's overall financial plan.

Course Objectives

The aim of this course is to enable candidates;

1. To appreciate the concepts and the distinction between life and disability
2. To explain the methods insurers use to price the life insurance policy
3. To appreciate the difference between renewable term life insurance and convertible term life insurance.
4. To explain how a life insurance policy’s coverage can be expanded to insure more than one individual

Learning outcomes

At the end of the program, participants should be able:

1. To describe the life insurance and disability insurance and make a distinction
2. To price the life and disability insurance policy pricing system
3. To distinguish between renewable term life insurance and convertible term life insurance.
4. To know the disability insurance and how it works
5. To differentiate individual disability insurance plans versus employer purchased policies

Further reading

Life insurance.

Gray,O.,P.(2008). Tables and formulae for the computation of life contingencies:With

Copious examples of annuity, assurance and friendly society calculations.

Homons,S. (2007). Life insurance and friendly society calculations.

King, G., & Todhunter (2009). Principles of interest, life annuities, and assurances and their practical application.

Mishra, K. (2016). Fundamentals of life insurance: theories and applications (2nd ed.) PHI Learning Pvt. Ltd

Mishra, K. (2009). life insurance under writing: A practical insight. Balahaji World of books. (2nd ed.) PHI Learning Pvt. Ltd

Mishra, M., N., & Mishra, s., B. (2016). Life Insurance: Principles & practices (22nd ed.). S. Chand Publishing

carroll,R.(2001). Risk management handbook for health care organizations. Wiley

Emerick,T.,& Lewis,A. (2013). cracking health costs: how to cut your Campany's health costs and provide employees' better care.

Fordney,M. (2011). Insurance handbook for the medical office, (12th ed.). CMA- AC.

Joanne V., et al, (2013) Medical insurance: an integrated claims process approach.

Judith J. Baker, J., J., & Baker, R., W. (2000) .Health care finance: basic tools for nonfinancial managers. jones & bartlett learning.

Judith J. Baker, J., J., & Baker, R., W. (2009) .Health care finance. jones & bartlett learning.

Marcia ,M., B.,et al, (2003). Medical liability in a nutshell.

Pilzer. P., Z. (2007). The new health insurance solution; How to get cheaper, better coverage without a traditional employer plan john Wiley & sons

Pozgar, G., D. (2007). Legal aspects of health care administration. 1 revew jones & Bartlett learning.

Rujit Kumar: Research Methodology (Sage), 2006.

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