The Department of B.Com- Banking and Insurance organized a Seminar on Practice of General Insurance on September 12, 2024 for II B.Com Students in the Room No.112. The Session began with a warm welcome from Mr.N. Arunkumar, who introduced the guest speaker and handed over the session. Mr. Chandra Mouli, Secretary, Insurance chapter, National Insurance Institute of India, Madurai and Mr.Srinivasan, Insurance chapter, Life Insurance Company , Madurai has been invited as the resource person. Mr. Chandra Mouli provided a detailed overview of general insurance, discussing various policies including motor, health, fire, and personal accident insurance. He engaged the students with insightful explanations on topics such as rising premiums, claim settlements, unpaid motor insurance claims, and the pooling system. Throughout the session, students actively interacted with the speaker, and their questions were addressed effectively, particularly on issues related to the motor insurance sector. Moreover, Mr. Srinivasan emphasized the importance of associate and fellowship examinations. The session was concluded with a vote of thanks delivered by A.Swathi, an II B.Com (B&I) student. Overall, the seminar was highly informative, and 43 students benefitted from the knowledge shared.
Outcome of the Programme
- Participants were provided with the tools, knowledge, and strategies to effectively manage
- Understanding of general insurance practices, covering different types of policies, claims processes, and regulatory frameworks.
- The seminar would likely provide participants with insights into how insurance companies assess risk, calculate premiums, and manage underwriting decisions.
- Attendees may learn the best practices for handling claims, from documentation to settlement processes, ensuring smoother claim handling.