Institute of Actuaries Of India-Subject CT5- General Insurance, Life and Health Contingencies Papers

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The Institute of actuaries of India is the prime body that conducts examination for the various insurance related job vacancies as well as the courses. There are different aspects of insurance that encompass various objects or things that can be insured and the rules related to their insurance. This paper in particular covers the general aspect of it that is the Life and health Insurance.

Importance of the paper

Though there many fields of insurance that deals with the fabrication of these rules as well as the governance of various objects that can be insured according to these rules. But the paper of general insurance is of great importance due to the fact that they deal with the Life Insurance plans and the Health plans. They are the most popular insurance policies and have the largest number of customers.

Format

The paper consists of both the descriptive questions as well as the numerical type questions. There are several questions in all in the paper. The candidates are instructed to start the answer of every question from a fresh page if the questions are subjective. However the candidates can write the answers to the objective type questions on the same page.

Marking

The total marks allotted for the General Insurance, Life and Health Contingencies question paper is 100. The marks carried by the different question vary and depend on the length of the answer required.

Time Allotted

Normally students can answer this paper in nearly 3 hours.

Paper pattern

There are several questions in all in the question paper. However, there are no overall choices provided to the candidates.

Some questions from the question paper

The questions that most frequently feature in the question paper are based on the various rules governing the insurance policies, the market fluctuations and the parameters contributing to these fluctuations , the nature of the market subject to the various tax deductions and exemptions, profit making etc.

Recommended books

Understanding health Insurance : A Guide to Billing and Reimbursement by Michelle A. Greene and Jo Ann C. Rowell.

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