In order to upgrade the skills and proficiency of the young generation and also to provide them awareness to explore about various career options the CBSE has started offering 40 courses at Senior Secondary level. The skill education envisions imparting the procedural knowledge and skills to the students that will enable students to excel and emerge successful in real situation of both work and life.
It works towards imparting an education that is holistic, meaningful and skill oriented which instils among the youth a sense of usefulness and responsibility. You can choose either one or two or three skill subjects from skill electives. You have to choose other elective subjects from academic electives.
Subjects that cannot be taken together
- Physics (042) and Applied Physics (838)
- Chemistry (043) and Applied Chemistry (839)
- Mathematics (041) and Applied Mathematics (840)
- Informatics Practice (065) and Information Technology (802) or Web Application (803)
- Business Studies (054) and Business Administrations (833)
This course is a planned sequence of instructions consisting of Units meant for developing employability and vocational competencies of students of Class XI opting for vocational subject along with general education subjects. Part B has four units - Introduction; Life Insurance; Annuities and Unit Linked Policies; and Post - Issue Matters.
Part B: Vocational Skills (50 Marks)
Unit-1: Introduction (10 Marks)
- Concept of Insurance.
- Need for Insurance.
- Brief history of Insurance industry in India.
- Enactment of Insurance Act, 1938.
- Nationalization of Life Insurance Companies in 1955.
- Nationalization of General insurance Companies in 1972.
- Malhotra Committee Report тАУ Opening up of Insurance sector to Private Companies in 2000.
- Setting up of Insurance Regulatory and Development Authority in 1999.
Unit-2: Life Insurance (20 Marks)
- Present Organizational set-up of Insurance Companies in India - L.I.C. and Private Companies with foreign joint ventures, selling Insurance through Agents and Banks.
- Objectives of Life Insurance - Protection and Investment.
- Different types of Life Insurance Policies тАУ Chief characteristics and similarity.
- Basic Pre-requites for Life Insurance - Insurable Interest and utmost Good Faith.
- Procedure for taking a policy.
- Selection of the Plan.
- Consultation of Premium tables.
- Filling up of Proposal Form.
- Document regarding proof of age.
- Important clauses of the Policy - eg. Suicide Clause.
- Nomination
Unit-3: Annuities and Unit Linked Policies (10 Marks)
- Concept of Annuity.
- Objectives of Annuity.
- Procedure followed for obtaining Annuities.
- Meaning of Unit Linked Insurance Policies.
- Procedure for obtaining Unit linked insurance Policies.
Unit-4: Post - Issue Matters (10 Marks)
- Lapse of the Policy due to Non-Payment of Premium.
- Revival of the Lapsed Policies.
- Surrender of the Policy - Payment of surrender value.
- Assignment of the Policies.
- Settlement of claims - Procedure to be followed.
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