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Insurance and Risk Management-NMIMS Dec-16

Insurance and Risk Management-NMIMS Dec-16

Q1. You are the Plant Head of a FMCG firm that is into the manufacturing of branded snacks namely Potato chips at Ranjangaon, near Poona. This plant has been recently commissioned & has commenced its operations since August 2016. What steps will you undertake as Plant Head to ensure that the risk management process is taken care of for your plant? Enlist the risk types that you will cover. (10 Marks)


Q2. A worker in a SMB unit was working on an Ornamental turning lathe machine & owing to some machine defect, it led to an injury of the worker. Can the company claim for compensation on behalf of the worker? If ‘Yes’, under which category will this claim fall & what would be the claim process? If ‘No’, what is the alternate course of action that the company may follow? (10 marks)


Q3. Recently you have been appointed as Marketing Head of Berkshire Hathway which has decided to enter into India to offer Insurance services to Indian consumers.

a) How will you proceed ahead with the Marketing of Insurance products of your company?

Which Insurance products will you focus around? (5 Marks)

b) What channels will you use to market your products? (5 Marks)


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