Motor Insurance Practices detailed syllabus scheme for Automobile Engineering (AE), 2019-20 onwards has been taken from the DBATU official website and presented for the Bachelor of Technology students. For Subject Code, Course Title, Lecutres, Tutorials, Practice, Credits, and other information, do visit full semester subjects post given below.
For 8th Sem Scheme of Automobile Engineering (AE), 2019-20 Onwards, do visit AE 8th Sem Scheme, 2019-20 Onwards. For the Elective-X scheme of 8th Sem 2019-20 onwards, refer to AE 8th Sem Elective-X Scheme 2019-20 Onwards. The detail syllabus for motor insurance practices is as follows.
Motor Insurance Practices Syllabus for Automobile Engineering (AE) 4th Year 8th Sem 2019-20 DBATU
Pre-requisite:
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Course outcomes:
At the end of the course, students will be able to
- Classify motor vehicle insurances.
- Discuss applications of insurance principles in vehicle insurance.
- Describe various forms in motor vehicle insurance.
- Discuss MACT in detail.
- Analyze fraud management and internal audit in relation with motor vehicle insurance.
Unit 1
Principles of Insurance and Motor Insurance:
History of Insurance, Business of Insurance, Transfer of Risk, Classification of Insurance -Life and General Insurance, Market Role of Specialist (e.g. Surveyor) History of Motor Insurance: Law and Practice of Motor Insurance in India: Applicability of Principles of Insurance: Total Loss (TL) / Constructive Total Loss (CTL) / Theft Claims: Legal Aspects of Insurance, Act No. 59 of 1988 (The Motor Vehicles Act, 1988) The Motor Vehicles (Amendment) Bill, 2008 – Part B: Key Issues and Analysis.
Unit 2
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Unit 3
Motor Insurance Claims:
Motor Insurance Claims, Doctrine of cause of Accident, Motor Insurance Claims Procedures, Claim Documents, Types of Losses, Various Causes of Accident, Salvage/Scrap Disposal, Accident Repairing Cost, Compensation for Third Party Injury or Property Damage, The Consensus vs. Scientific Approach, Science of Damage Estimation and the Technology Support – Surveyor and His role in Loss Minimisation – Role of Surveyor – Steps in Motor Survey – Guidelines on Automobile Survey – Role of Motor Surveyor in Loss Minimisation – Role of Road Safety in Insurance – Concerns of Community – Road Safety Promotion by Insurance – Causes of Accident – Role of Fleet Operators – Underwriting in Motor Insurance, Transport Development Council – Roadside Assistance – Exclusions in Road Side Assistance – Frauds in Motor OD Claims – Seamless Claims Management – Frauds in motor insurance – Way to Mitigate Frauds.
Unit 4
Marketing in Motor Insurance:
Motor Third Party Pool – Dysfunctional Motor Market – Motor Third Party Pool – Review of Pool – Knock for Knock Agreement – International Issues in Insurance Markets -International Translation of Drivers License – Some Market Practices.
Unit 5
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Unit 6
Fraud Management and Internal Audit:
Frauds in TP Claims – Frauds in Motor Insurance – Types of Fraud – Underwriting Frauds -Methods of Detection of underwriting fraud – Frauds Committed with Internal Support -Preventive Management of Fraud Cases – Issues to be Audited.
Text Books:
- Handbook on Motor Insurance – IRDA
- Automobile Insurance – Actuarial Model: Lemaire Jean, Springer
Reference Book:
- Motor Vehicle Act, 1988 together with Central Motor Vehicle Rules, 1989, Eastern Book Company, Lucknow, 2nd Edition 1989.
- Lemaire Jean, Automobile Insurance – Actuarial Model, Springer
- Georges Dionne HEC, Montreal, Automobile Insurance: Road Safety, New Drivers, Risks, Insurance Fraud and Regulation, Springer
- P S Palande, R S Shah, M L Lunawat, Insurance in India: Changing Policies and Emerging Opportunities, SAGE Publications
- IRDA website https://www.irdai.gov.in
For detail syllabus of all subjects of Automobile Engineering (AE) 8th Sem 2019-20 onwards, visit AE 8th Sem Subjects of 2019-20 Onwards.