Page 225 - DCOM309_INSURANCE_LAWS_AND_PRACTICES

Insurance Laws and Practices

Notes 3. What are the exclusions that the health insurance policy does not cover?
4. Describe the procedure to be followed for buying health insurance policy.
5. Briefly explain the products offered by Life Insurance Corporation (LIC).
6. Describe the various kinds of health insurance products from some private insurance
companies.
7. Briefly discuss the catastrophic insurance.
8. Explain the trends in Indian catastrophe insurance market.

Answers: Self Assessment

1. Hospital 2. Expenses

3. Reimbursement 4. Disease
5. Pre-existing 6. Personal
7. Declaration 8. Cheque

9. Third Party Administrator (TPA) 10. Insurer
11. Escalating 12. Personal
13. Catastrophic 14. Reinsurance, retrocession

12.9 Further Readings

Books Gulati, Neelam. C. (2013), Principles of Risk Management and Insurance, Excel Books.
Gulati, Neelam. C. (2011), Banking and Insurance, Excel Books.

Krishnaswamy, G. (2009), Principles and Practice of Life Insurance, Excel Books.
Misra, M.N. and Mishra, S.B. (2009), Insurance Principles and Practices, S. Chand
Publication.

Sahoo and Das (2009), Insurance Management: Text and Case, Himalaya Publication.

Online links http://doctor.ndtv.com/storypage/ndtv/id/003723/type/feature/
Health_Insurance_in_India.html
http://www.jagoinvestor.com/2010/01/introduction-to-health-insurance-in-
india.html

http://www.nos.org/media/documents/VocInsServices/m4-5f.pdf

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