The Department of Management conducted an IRDA Insurance Training Session for the students of Second Year & Third Year BBA(FS) on 14th,19th September & 18th, 25th October 2022. The Resource Person for the session was Mr. Nixon Fernandes, Development Officer, LIC of India. The main objective of the training session was to help students clear IRDA online examination in Life Insurance Module. A total of 77 students attended the same.
First sessionof IRDA Insurance Training was conducted on 14thSeptember 2022from 11:00 a.m. to 12:15 p.m. Assistant Professor Ms. Delisha Rebello was the compere for the session.Asst. Prof. Ms. Abigale Rodrigues introduced the Resource Person.
Mr. Nixon Fernandes told the students about the All-India level exam that recruits eligible candidates for dignified posts in IRDA and briefed the students regarding the insurance and different types of insurance and explained to them all the subcategories of insurance.
The second session of IRDA was conducted on 19th September 2022 from 12:15 p.m. to 1.15 p.m. During the second session,students were made aware of the terms and conditions of insurance contracts, also the rights and obligations of the insurer, policyholder, and the insured person upon conclusion and performance of a contract. He also told students that working with an insurer after an accident is crucial to get the claim settled rightly and explained to them the procedure for making a claim after an incident.
On 18th October 2022 from 12:15 p.m. to 12:45 p.m, the third session of IRDA training was conducted. Mr. Nixon highlighted the importance of insurance and its principles for candidates appearing for insurance exams such as LIC, NICL, NIACL, and IRDA. To ensure the proper functioning of an insurance contract, the insurer and the insured must uphold the 7 principles of Insurance which were explained to them with the help of examples.
The fourth session was conducted on 25th October 2022 from 12:15 p.m. to 1.15 p.m.to explain the entire procedure of registration for the exam. The session ended with a brief revision of all the topics that were covered during all the sessions.
