BIA Diploma in Life Insurance case studies
BIA Diploma in Life Insurance · Put your knowledge to work in context.
The ABIA diploma is a professional insurance qualification offered under the programme structure of the Bangladesh Insurance Academy (BIA), an academy listed on the Bangladesh National Portal under the Financial Institutions Division, Ministry of Finance. The academy's published programme menu sets out an Associate Stage, a Certificate Stage, a Foreign Education Programme, plus research, seminars, workshops and tailor-made courses. The BIA Diploma in Life Insurance case studies are 5 cases and about 3,959 words.
1The Non-Disclosure That Wasn't Asked About
A 47-year-old applicant submits a KES 15,000,000 life policy application with a KES 8,000,000 critical illness rider. On the medical questionnaire, the question 'Have you ever been diagnosed with or treated for any heart condition?' is answered 'No'.
813 words, about 4 min2The Suicidal Ideation Exclusion
A 38-year-old woman takes out a 20-year term policy with a KES 5,000,000 death benefit. The policy contains a standard suicide exclusion clause: 'No benefit is payable if the life assured dies by suicide within two years of the policy commencement date.' At month 18, she is diagnosed with severe depression and admitted to hospital.
761 words, about 4 min3The Agent Who Signed for the Client
An agent completes a KES 3,000,000 endowment policy application for a 62-year-old client who is illiterate. The client cannot read the proposal form.
751 words, about 4 min4The Reserves That Didn't Match the Risk
A small life insurer writes a block of 10-year renewable term policies. It prices the block assuming a 2% annual lapse rate and a flat mortality assumption of 0.3% per annum across all ages.
790 words, about 4 min5The Claim Assessor's Deadline
A claim assessor receives a KES 4,000,000 death claim on a 5-year-old policy. The file is complete except for one item: the hospital's certified cause-of-death report, which the hospital says will take 10 working days.
844 words, about 4 min