NSQF Practical Guidelines and Project 2018 of “Insurance (786)” for Class 12 CBSE

PRACTICAL GUIDELINES

CLASS–XII INSURANCE (786)

1.MINIMUM PASS MARKS

The Minimum number of marks required to pass in this subject is (33) percent in both written papers and practical examination separately.

2.Marks for record, Viva Project etc., in respect of Secondary School Curriculum (Under NSQF) OF School Certificate Examination:

Marks allotted for Project file, Viva Voice etc., should separately stated in the answer book (if answer-Books are used) and added to the marks given for other items. The projects and the practical records, duly punched should be returned to the students concerned immediately after evaluation.

3.Assessment of performance.

a) The two examiners, one internal and the other external, assigned for the conduct and assessment of Practical Examinations each in Secondary School Curriculum (Under NSQF) . Viva examinations should be conducted by both the examiners. Question should be more of General nature, based on project work and should not be beyond the curriculum. Investigatory Project especially those that show considerable amount of effort and originality, on the part of the student, should get suitable high marks, while project of a routine or stereotyped nature should only receive marks accordingly.

b) In the assessment and award of marks, follow strictly the marking Scheme which is given in the list of practical I.e. provided to the Examiners/Schools at the time of Examination.

c) Every effort should be made to reach a consensus on the marks to be awarded to individual candidates. If a difference of one or two marks still persists even after discussion the average marks should be awarded.

d) Marks awarded for Project / Practical activities and viva, must be separately recorded in Rough sheet and then total marks should be uploaded. Evidences should be maintained for the same.

e) If irregularities are perceived by either examiner in the conduct of the Practical Examination these should be included in the examiner’s report and should be sent to the Asstt. Secretary (A.B. Cell) within three days after the end of practical examination.

f) The external examiner should assume responsibility of deposit of award list to the Board.

g) Award lists should be signed by both the examiners and should be sent separately through messenger/personally in a double sealed cover.

h) The related material will be collected by the external examiner from the allotted schools.

4.Procedure for Record of Marks in the Practical and VIVA.

The examiner will indicate separately marks of project file and Viva Voce and should keep the record of the same. The subject Teacher in charge of conducting practical may assign practical activities to the students so as to generate interest in students in the subject. Project may be based on BANKING and INSURANCE Concepts strictly based on curriculum.

Project for the final practical is given below

Make a handwritten Project File which indicates the following:

1) Make a detailed profile of your neighbours and friends, in terms of their demographic, risk appetite and insurance requirements.

2) Prepare a comprehensive report based on the above covering the following:

 a) Insurance products best suited for their requirements and give the rationale for the same.

 b) Details of the regulatory aspects of each of the recommended types of Insurance from investment and protection point of view.

 c) List the documents to be submitted and fill few sample applications.

 d) Explain the procedure along with the requirements for claiming insurance at the time of occurrence of insured event.

Project – 30 marks

 Students should make a project file on the basis data collected of the above projects in the proper format. The marks can be allocated based on the quality of work done by the students as per the Curriculum

Viva based on Project -10 marks

 The teacher conducting the final practical examination should ask verbal questions related to the project. If no project has been assigned /made by the students, viva must be based on subject as per the Curriculum only. E.g. Various deposits accepted by banks, Utility services offered by the banks, questions related to introduction of Insurance etc.

 Parameters                                                                                                          Marks

 Make a detailed profile of your neighbors and friends, in terms of their demographic, risk appetite and insurance requirements.                                                           10

Prepare a comprehensive report based on the above covering the following:                                                                                                                20

a) Insurance products best suited for their requirements and give the rationale for the same.

b) Details of the regulatory aspects of each of the recommended types of Insurance from investment and protection point of view.

c) List the documents to be submitted and fill few sample applications.

d) Explain the procedure along with the requirements for claiming insurance at the time of occurrence of insured event.

VIVA (strictly based on curriculum)                                                                 10

 Total                                                                                                                             40