Odisha CHSE +2 Vocational Insurance study plan

Define risk and distinguish pure risk from speculative risk, giving two Indian examples of each

Explain the five methods of handling risk (avoidance, retention, transfer, reduction, sharing) and match each to an insurance or non-insurance example

Describe insurable interest and state how it differs for life insurance versus property insurance under Indian practice

Identify the parties, essentials and standard clauses of an insurance contract, and explain the principle of utmost good faith with a non-disclosure example

Differentiate indemnity, subrogation and contribution, and show with a small numerical example how contribution works between two policies

Apply the doctrine of proximate cause to three short accident scenarios and justify the nearest efficient cause

Classify the legal features of an insurance contract (aleatory, unilateral, conditional, contract of adhesion) with one line of reasoning each

Summarise the effect of the Indian Contract Act, 1872 essentials on policy validity, including capacity and free consent

Explain how a warranty differs from a representation and what breach of warranty does to a claim

Draft five short answer responses (about 60 words each) on principles of insurance in exam format

Compare term, whole life, endowment and money-back plans on premium level, maturity benefit and survival benefit

Explain the roles of the proposal form, medical examination, moral hazard assessment and standard/ substandard risk classification in life underwriting

List the documents required at maturity and at death claim, and state who may claim in each case

Compute a simple premium illustration using mortality, interest and expense loading concepts, showing each step

Describe nomination and assignment under the Insurance Act, 1938, and explain how a nominee's position differs from an assignee's

Classify general insurance into fire, marine, motor, health, crop and liability, and state the sum insured basis used in each

Explain the difference between indemnity-based and benefit-based general insurance products with two examples

Apply rating factors to a motor and a fire risk, listing at least five factors for each

Describe the structure of a policy schedule, the operative clause and the exclusions section

Explain no-claim bonus, deductibles and depreciation in the context of motor and health policies

Outline the claim process from intimation to settlement for life, motor and health claims, naming each step and document

Explain the role of the surveyor and loss assessor and the circumstances in which survey is mandatory

Distinguish repudiation from rejection and from short settlement, and state the grounds commonly used

Describe the functions of an agent, a corporate agent, a broker and an insurer's own distribution channel

Explain the duties of an agent under the IRDAI (Insurance Agents) Regulations and the commission rules in outline

Summarise the objectives and functions of IRDAI and list four of its regulatory instruments

Explain the grievance redressal route from the insurer's Grievance Redressal Officer to IRDAI and then to the Insurance Ombudsman, stating the monetary limits in outline

Describe the policyholder's right to free look and the time limit for exercising it

Apply the code of conduct for agents to five given situations and state the ethical course of action

Explain the consequences of mis-selling and the importance of suitability in product recommendation

Prepare a simple premium register and commission statement for a hypothetical agent

Explain the accounting entries for premium received, claim paid and commission earned using basic double entry

Describe office routines in an insurance agency: record keeping, renewal follow-up and customer data handling

Identify three business opportunities in insurance distribution and outline a one-page business idea with start-up costs

Explain the importance of persistency and renewal income to an agency's viability

Revise all ten domains using the flashcards and concept maps built in earlier weeks

Solve one full-length timed mock paper under exam conditions and mark it against the textbook

List every wrong or skipped answer and map it back to its domain

Re-read the five weakest topics and write a fresh 60-word answer for each

Practise numerical items on premium, commission and claim settlement until each is completed without error