IGNOU MMPF 011 Solved Assignment 2023-24

MMPF 011 Solved Assignment 2023-24

MMPF 011 Solved Assignment 2023-24, FREE MMPF 011 Solved Assignment 2023-24, FREE MMPF 011 Management of Insurance Services Assignment PDF, How to get MMPF 011 Solved Assignment for Free, We are providing IGNOU MMPF 011 Management of Insurance Services Solved Assignment all over India.

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Course Code: MMPF 011

Assignment Code: MMPF 011 ASST/TMA/2023-24

Marks: 100

NOTE: All questions are compulsory

Note: Attempt all the questions and submit this assignment to the Coordinator of yourstudy centre. Last date of submission for July 2023 session is 31st October, 2023 and for January 2024 session is 30th April 2024.

Q1. Describe the role of different insurance intermediaries and distribution channels for marketing insurance products in India.

In the Indian insurance market, various intermediaries and distribution channels play crucial roles in marketing insurance products. These entities facilitate the connection between insurance companies and potential policyholders, helping to create awareness, sell policies, and provide ongoing support.

Insurance Agents/Brokers:

Insurance Agents: These individuals represent specific insurance companies and sell their products. They may work on a commission basis and are responsible for explaining policy details, benefits, and terms to potential customers.

Insurance Brokers: Brokers are independent intermediaries who work with multiple insurance companies. They assess the insurance needs of clients and recommend suitable policies from various providers. They may charge a fee for their services.

Insurance Aggregators:

Online Aggregators: With the increasing prominence of online channels, insurance aggregators have emerged as platforms that allow customers to compare and purchase insurance policies from multiple companies. These platforms provide a convenient way for consumers to make informed choices.

Bancassurance:

Bancassurance involves the collaboration between banks and insurance companies. Insurance products are sold through bank branches, leveraging the existing customer base of the bank. This distribution channel has gained popularity due to the extensive reach of banks in urban and rural areas.

Direct Marketing:

Some insurance companies engage in direct marketing, where they reach out to customers directly through various channels such as telemarketing, email, and postal mail. Direct marketing helps companies establish a direct connection with customers without relying on intermediaries.

Corporate Agents:

Corporate agents are business entities that are authorized to sell insurance products. These entities can include financial institutions, automobile dealerships, and other organizations. They act as intermediaries between the insurance company and their existing customer base. Microinsurance Agents:

In rural and underserved areas, microinsurance agents play a crucial role. They are often local individuals or entities who sell insurance products tailored to the needs of low-income individuals and communities.

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Digital Platforms:

The digitalization of insurance distribution has led to the emergence of various online platforms, including the websites of insurance companies, mobile apps, and other digital channels. These platforms provide customers with the convenience of exploring and purchasing insurance products online.

Government Schemes and Intermediaries:

Government-sponsored insurance schemes are often distributed through intermediaries such as Common Service Centers (CSCs) and other government agencies. These schemes aim to increase insurance penetration among specific target groups.

The insurance landscape in India involves a diverse set of intermediaries and distribution channels, each playing a unique role in reaching and serving different segments of the population. The evolving regulatory environment and advancements in technology continue to shape the insurance distribution landscape in the country.

Q2. Visit the website of any Insurance Company and study the Group Insurance Schemes / products being offered by the company. Prepare a report on the important features of any one scheme in detail.

Q3. Discuss the assumptions on which valuation of benefits is based while pricing of Life Insurance Products.

Q4. Take the Annual Report of any Insurance Company and trace the CSR activities of that company. Give a report on the CSR activities and their significant contributions.

Q5. Discuss any two health insurance products which according to you have come up with innovative solutions for financing the health needs.

MMPF 011 Handwritten Assignment 2023-24

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Important Note - You may be aware that you need to submit your assignments before you can appear for the Term End Exams. Please remember to keep a copy of your completed assignment, just in case the one you submitted is lost in transit.

Submission Date :

31st March 2023 (if enrolled in the July 2023-24 Session)
30th Sept, 2023 (if enrolled in the January 2023-24 session).

IGNOU Instructions for the MMPF 011 Assignments

MMPF 011 Management of Insurance Services Assignment 2023-24 Before ate mpting the assignment, please read the following instructions carefully.

1. Read the detailed instructions about the assignment given in the Handbook and Programme Guide.

3. Write the course title, assignment number and the name of the study centre you are attached to in the centre of the first page of your response sheet(s).

4. Use only foolscap size paper for your response and tag all the pages carefully

5. Write the relevant question number with each answer.

6. You should write in your own handwriting.

GUIDELINES FOR IGNOU Assignment MMPF 011023-24

MMPF 011 Solved Assignment 2023-24 You will find it useful to keep the following points in mind:

1. Planning: Read the questions carefully. Go through the units on which they are based. Make some points regarding each question and then rearrange these in a STATISTICS IN PSYCHOLOGYal order. And please write the answers in your own words. Do not reproduce passages from the units.

2. Organisation: Be a little more selective and analytic before drawing up a rough outline of your answer. In an essay-type question, give adequate attention to your introduction and conclusion. The introduction must offer your brief interpretation of the question and how you propose to develop it. The conclusion must summarise your response to the question. In the course of your answer, you may like to make references to other texts or critics as this will add some depth to your analysis.

3. Presentation: Once you are satisfied with your answers, you can write down the final version for submission, writing each answer neatly and underlining the points you wish to emphasize.

IGNOU Assignment Front Page

The top of the first page of your response sheet should look like this: Get IGNOU Assignment Front page through. And Attach on front page of your assignment. Students need to compulsory attach the front page in at the beginning of their handwritten assignment.

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MMPF 011 Handwritten Assignment 2023-24

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