Overview
COURSE DESCRIPTION
The Banking & Insurance course for Class 11 (CHSE) introduces students to the fundamental concepts, functions, and significance of banking and insurance sectors in the modern economy. It helps learners understand how financial institutions operate and how they support economic growth and financial security.
This course is designed to provide both theoretical knowledge and practical awareness of banking services and insurance products used in everyday life.
Key Topics Covered:
- Meaning and importance of banking
- Types of banks (Commercial Banks, Central Bank, Cooperative Banks)
- Functions of commercial banks (accepting deposits, lending, credit creation)
- Reserve Bank of India (RBI) – functions and role
- Types of bank accounts (Savings, Current, Fixed Deposit, Recurring Deposit)
- Modern banking services (ATM, Internet Banking, Mobile Banking)
- Meaning and importance of insurance
- Principles of insurance (Utmost Good Faith, Insurable Interest, Indemnity, Contribution, Subrogation)
- Types of insurance (Life Insurance, Fire Insurance, Marine Insurance, Health Insurance)
- Insurance policies and premium
- Insurance claim procedure
- Role of insurance in economic development
LEARNING OUTCOMES
🎯 Learning Objectives
By the end of this course, students will be able to:
- Understand the structure and functions of banking institutions
- Identify different types of bank accounts and services
- Explain the concept and principles of insurance
- Analyze the role of banking and insurance in economic development
- Develop awareness about financial planning and risk management
Course Features
- Lectures 13
- Quiz 0
- Duration 25 hours
- Skill level All levels
- Language English
- Students 25
- Assessments Yes
Curriculum
- 4 Sections
- 13 Lessons
- Lifetime
- Unit-I: Commercial Banking3
- Unit-II: Central Banking3
- Unit-III: Introduction to Insurance4
- 3.1Risk – Its classification and how to deal with it
- 3.2Insurance- Meaning, Definition and Mechanism of Insurance, Functions of Insurance
- 3.3Basic Concepts, Double Insurance, Re-insurance, Co-insurance, Insurance Market, Insurance Contract, Contingent Contract, Wagering Contract
- 3.4Fundamental Principles of Insurance Contract, Insurance Act and Role of IRDA
- Unit-IV: Life Insurance & Other Insurances3
- 4.1Life Insurance – Element of protection and investment, Importance of Life Insurance, Procedure of effecting a Life policy,
- 4.2Premium computation including Mortality table, various Policy conditions, Settlement of Claims, Types of life Insurance policies- On the basis of duration and number of life covered
- 4.3Concepts of Fire Insurance, Marine Insurance, Fidelity Insurance, Crops Insurance, Motor Insurance and Credit Insurance.
Instructor
Reviews
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