National Insurance Academy
In Pune

Price on request
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Important information

  • Training
  • Pune
  • Duration:
    3 Days

Important information

Where and when

Starts Location
On request
25, Baner Road, Balewadi, 411045, Maharashtra, India
See map

Course programme

Life Insurance depends essentially on a firm foundation of Actuarial Science. The basic business of a Life Insurance Company is to analyse and assess the risk of human life value, classification of life risks, develop life insurance products suitably for various risks as well as for various needs, quote price for undertaking the risks, market the products, select lives to suit the estimations made while designing the products, service the policy contracts, invest the money collected by way of premium, suitably, to fulfill the promise to the consumer and to sustain in the business and to make profits. All these core activities need a firm scientific analysis. Actuarial Science caters to the majority of issues enumerated above. Thus Actuarial Science forms the core of Life Insurance Business. Executives working for the Life Insurance Companies in various capacities and at various stages in the organizational hierarchy are to be aware of the principles of Actuarial Science and understand the practices thereof in order to be able to contribute to the life business meaningfully.

At the end of the programme, participants will be able to:

• State and explain the concepts of risk and classify risk

• State the concepts of product development in Life Insurance

• Apply the concepts of underwriting and selection of lives

• Understand the optimum size of the risk pool and the effects of early withdrawals on the pool

• Explain the basics of valuation of Life Insurance Portfolio of an Insurer

• State the concept of surplus and distribution of surplus.

• Concept of risk, risk analysis and risk classification & Techniques of Risk Management

• Product development concepts

• Components of pricing

• Actuarial Concepts involved in Life Underwriting Techniques

• Valuation and techniques of valuation

• Concepts of Group Health and Pension Products

• Investment of life fund and issues involved

• Capital Markets

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