Motor Vehicle Insurance and Valuation detailed Syllabus for Mechanical Engineering (ME), K scheme PDF has been taken from the MSBTE official website and presented for the diploma students. For Subject Code, Subject Name, Lectures, Tutorial, Practical/Drawing, Credits, Theory (Max & Min) Marks, Practical (Max & Min) Marks, Total Marks, and other information, do visit full semester subjects post given below.
For all other MSBTE Mechanical Engineering 5th Sem K Scheme Syllabus PDF, do visit MSBTE Mechanical Engineering 5th Sem K Scheme Syllabus PDF Subjects. The detailed Syllabus for motor vehicle insurance and valuation is as follows.
Rationale
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Course Outcomes:
Students will be able to achieve & demonstrate the following COs on completion of course based learning
- Identify the appropriate type of motor insurance coverage for a given vehicle.
- Prepare insurance proposals and policy forms for a given motor vehicle.
- Evaluate insurance underwriting based on provided information.
- Assess motor vehicle valuation based on specified parameters
- Assess motor insurance claims and propose settlements in accordance with policy frameworks.
Unit I
Fundamental of Motor Vehicle Insurance 1.1 Principles of insurance, introduction to motor insurance, need of motor insurance 1.2 Classification of insurance: liability (3rd party) only and comprehensive (1st party / own damage), Add on cover under comprehensive policy 1.3 Comparison of above insurance policies on following parameters : Risk cover, other provisions, conditions, premium and application of vehicle 1.4 Insurance Regulatory Authority of India (IRDAI): Role, organization structure and its Jurisdiction 1.5 Various motor vehicle insurance organizations in India. (Brief comparison between public and private sector organizations)
Suggested Learning Pedagogie
Lecture Using Chalk-Board Presentations Case Study
Unit II
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Unit III
Underwriting Motor Insurance 3.1 Underwriting: Need and definition, various aspects of under writing viz. acceptance of proposal, complete declinature. 3.2 Underwriting of third-party cover only, own damage cover, third party fire/theft cover 3.3 Increased premium, inclusions and exclusion of various cover 3.4 Compulsory excess and voluntary excess applicable. 3.5 Insurance of government and state transport undertaking vehicles
Suggested Learning Pedagogie
Lecture Using Chalk-Board Presentations Case Study
Unit IV
Motor Vehicle Valuation 4.1 Insurance Declared Valuation (IDV): Definition, and importance of IDV, calculation of IDV (with and without accessories), calculation of depreciation, factors affecting IDV of vehicle(Type, Make & Model, Age & Depreciation, Place of registration, Accessories.) 4.2 Valuation of used vehicle: factors consider( condition of the vehicle, kilometres driven, year of purchase, no of previous owners, service history, accident history, modifications, location)
Suggested Learning Pedagogie
Lecture Using Chalk-Board Presentations Case Study
Unit V
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List of Experiments:
- * Comparative analysis of top five car insurance third-party, own damage with addons plan in India.
- Analysis of motor insurance regulation by IRDA.
- * Summarization analysis of key terms mention in given motor insurance policy.
- Summarization analysis of different hazards in motor insurance.
- * Underwriting of insurance proposal based on risk analysis.
- Summarization analysis of various increased premium, inclusions, exclusions, and excesses for motor insurance
- * Insurance Declared Valuation (IDV) of a given car
- Resale valuation of a given used vehicle.
- * Comparative analysis of cashless claim and reimbursement claim settlement.
- Summarizing analysis for conflicts resolution mechanisms under motor insurance.
Learning Materials / Books
- Agrawal, Rakesh General Insurance Underwriting – IC 45 The insurance times education series ISBN-13: 978-9381489000
- Sharma, K. C. General Insurance in India: Principles and Practices Regal Publications. ISBN 13: 9788184842241.
- Dr. L. P. GUPTA Insurance Claims Solutions Dr. L P Gupta ISBN- 9789383303038
- V. K. Surana Compensation in Motor Vehicles Accidents and Insurance Claims Manual Xcess Infostore Pvt. Ltd. ISBN 978-8192791708
- Anil Jauhri Motor Policy A Perspectives Sankap Publications, ISBN-9788194717645
- Dr. Janak Raj Jai Motor Accident Claims: Law & Procedure Universal Law Publishing, ISBN-9788175348967
- Insurance Regulatory and Development Authority of India Indian Motor tariff IRDAI- Government of India Publication
Learning Websites
For the complete Syllabus, results, class timetable, and many other features kindly download the iStudy App
It is a lightweight, easy to use, no images, and no pdfs platform to make students’s lives easier..
For detail Syllabus of all other subjects of Mechanical Engineering, K scheme do visit Mechanical Engineering 5th Sem Syllabus for K scheme.
For all Mechanical Engineering results, visit MSBTE Mechanical Engineering all semester results direct links.