AHSEC Class 11 Insurance Syllabus: Complete Details

AHSEC Class 11 Insurance Syllabus: Complete Details

AHSEC Class 11 Insurance Syllabus introduces students to the basic concepts, principles and practices of insurance. The syllabus covers Risk and its Handling, Insurance Acts, Principles of Insurance, Life Insurance, Insurance Policies, Insurance Agents, Claims, Probability, Life Fund, Surplus and Annuity. The course is designed to help students understand the importance of insurance in business and society, along with the organisation and operation of insurance business.

AHSEC Class 11 Insurance Syllabus Overview

Particulars	Details
Class	XI
Subject	Insurance
Theory Marks	100
Total Marks	100
Time Duration	3 Hours
Total Periods	180
Official Notification	Click Here

AHSEC Class 11 Insurance Unit-wise Syllabus

Section	Unit	Topic	Marks
Fundamentals	Unit 1	Concept of Risk and its Handling	05
	Unit 2	Insurance and its Acts	10
	Unit 3	Principles of Insurance and its Importance	10
Life Insurance	Unit 4	Life Insurance Act of 1956 and History of Insurance Business in India	10
	Unit 5	Definition, Importance, Fundamental Principles and Policies	10
	Unit 6	Procedure for Effecting Life Insurance and Insurance Agent	15
	Unit 7	Categories of Lives, Conditions and Claim	10
	Unit 8	Application of Probability Concept	10
	Unit 9	Life Fund and Surplus	10
	Unit 10	Annuity	10
Total			100

Also Read: AHSEC Class 11 Economics Syllabus: Complete Details

Chapter-wise Details

Unit 1: Concept of Risk and its Handling

Definition of Risk
Types of Risk
Methods of Handling Risks

Unit 2: Insurance and its Acts

Insurance Act, 1938
Insurance Regulatory and Development Authority Act, 1999
IRDA (Licensing of Insurance Agent) Regulation, 2000
Definition and Need of Insurance
Functions of Insurance
Insurance Organisations and their Classification
Terms Used in Insurance Business

Unit 3: Principles of Insurance and its Importance

Utmost Good Faith
Insurable Interest
Indemnity
Causa Proxima
Subrogation
Contribution
Double Insurance
Re-insurance
Insurance and Wager/Gambling – Distinction
Importance of Insurance to Individual, Business and Society
Life Insurance

Unit 4: Life Insurance Act of 1956 and History of Insurance Business in India

Life Insurance Act of 1956
History of Insurance Business in India

Unit 5: Definition, Importance, Fundamental Principles and Policies

Definition of Life Insurance
Importance of Life Insurance
Fundamental Principles of Life Insurance Contract
Life Insurance and Other Forms of Insurance – Distinction
Different Policies Issued by Life Insurance Companies
Surrender Value
Accident Benefit
Policy Loan

Unit 6: Procedure for Effecting Life Insurance and Insurance Agent

Procedure of Effecting a Policy
Appointment of Insurance Agent
Role and Functions of Insurance Agent
Code of Conduct
Proposal Form
Information Contained in Proposal Form
Agent’s Report
Additional Information Required

Unit 7: Categories of Lives, Conditions and Claim

Standard Lives
Sub-standard Lives
Uninsurable Lives
Assignment
Nomination
Various Clauses of Life Insurance Policy
Maturity Claim
Death Claim
Procedure of Settlement of Claim
Group Insurance

Unit 8: Application of Probability Concept

Theory of Probability as Applied to Life Insurance
Mortality Tables
Methods of Calculation of Premium
Concession on Large Sum Assured
Concession on Mode of Payment

Unit 9: Life Fund and Surplus

Creation of Life Insurance Fund
Calculation and Valuation of Life Fund
Investment Policy of Life Fund
Surplus and its Ascertainment
Distribution of Surplus
Bonus
Types and Distribution of Bonus

Unit 10: Annuity

Meaning of Annuity
Types of Annuity
Difference between Life Insurance and Annuity

Important Topics for AHSEC Class 11 Insurance Preparation

Students should focus on:

Concept and Types of Risk
Insurance Acts
Principles of Insurance
Importance of Insurance
Life Insurance Act of 1956
Life Insurance Policies
Surrender Value and Policy Loan
Insurance Agent and Proposal Form
Categories of Lives
Assignment and Nomination
Maturity and Death Claims
Probability and Mortality Tables
Life Fund and Surplus
Bonus
Annuity

Study Tips for AHSEC Class 11 Insurance

Understand the principles of insurance clearly.
Learn important definitions, terms and distinctions.
Give special attention to Insurance Acts, Life Insurance Policies and Insurance Agents.
Practise numerical concepts related to Probability, Mortality Tables and Premium Calculation.
Revise Life Fund, Surplus and Bonus carefully.
Make short notes for important principles and insurance terms.
Practise previous and important questions regularly.

Conclusion

AHSEC Class 11 Insurance Syllabus provides students with fundamental knowledge of insurance concepts and practices. It covers risk management, insurance principles, insurance laws, life insurance policies, claims, probability, life funds, surplus and annuity. Students should focus on both conceptual understanding and numerical topics, especially Probability and Premium Calculation, while revising all ten units systematically for better examination preparation.