AHSEC HS 2nd Year Syllabus 2026 Insurance

Assam Higher Secondary Education Council (AHSEC)

2nd Year Syllabus

INSURANCE
Introduction :
The increasing complexity of business organisation and the risk involved in the present day world
makes it obligatory for students choosing commerce as a career to be conversant with the principles and
practice of insurance. A study of these principles and practice will make the students aware of the function of
insurance in general and the purpose of its business in particular.
The present syllabus of insurance paper for Higher Secondary First Year and Second Year class is
framed in such a way that it covers the entire course of study within the prescribed time limit of the Council.
The topics included in the course of study are expected to be helpful to the student who wish to pursue higher
studies in the subject and also provide opportunity to those who wish to choose careers in insurance.
As such the major objectives of teaching insurance at Higher Secondary stage are as follows:
1. To acquire knowledge and understand various definitions, concepts, terms and insurance principles.
2. To acquaint the students with practice and procedure of insurance business.
3. To create an awareness of the necessity of insurance in business as well as in the society.
4. To give fundamental knowledge regarding organisation and operation of insurance business.
5. To understand the importance of insurance and its scope in modern business.

INSURANCE
SYLLABUS FOR HIGHER SECONDARY FINAL YEAR COURSE
One Paper Three Hours Marks 100
Unitwise Distribution of Marks and Periods :
Unit No. Title Marks Periods
Unit-l General Insurance Act 10 20
Unit-2 Fundamental Principle of Fire Insurance 10 20
Unit-3 Fire Insurance Policies 10 20
Unit-4 Procedure of Claims 10 20
Unit-5 Fundamental Principle of Marine Insurance 10 20
Unit-6 Types of Marine Insurance Policies 10 20
Unit-7 Marine Losses and Claim 20 40
MISCELLANEOUS INSURANCE
Unit-8 Introduction and Classes of Miscellaneous Insurance 20 40
Total 100 200

2 Syllabi for H.S. Final Year
Unitwise Distribution of Course contents :
Unit-1 : General Insurance Act :
(i) Marine Insurance Act 1963
(ii) General Insurance Business (Nationalization) Act 1972 Organization and its working GICI and its
subsidiaries
Unit-2 : Fundamental Principles of Fire Insurance :
Introduction- definition-meaning and causes of Fire, Functions of Fire Insurance, History of Fire
Insurance.
Fundamental Principles– utmost good faith, insurable interest, indemnity and Subrogation. Dis-
tinction between Fire insurance and gambling, Fire insurance and life insurance.
Unit-3 : Fire Insurance Policies :
Procedure for taking out a Fire insurance policy; Renewal of Policy, cancellation and assignment
of a Fire insurance policy. Proposal Form, classification of risks, Fire tariff and fixation of rate of
premium.
Unit-4 : Procedure of claims :
Procedure for recovering claim under fire policy. Effects of more than one fire and one policy on
claim, Ex-gratia payment, Rating and average condition and its effect on claim.
Unit-5 : Fundamental Principles of Marine Insurance :
Meaning and definition of Marine insurance contract. Subject matter of Marine Insurance policy,
Origin of Marine insurance. Principles of Marine insurance policy. Distinction between Marine
insurance and Life insurance and Fire Insurance.
Unit-6 : Types of Marine insurance policy :
Different types of Marine insurance policy, Clauses in a marine insurance policy, Bottomry Bond,
Respondentia Bond.
Unit-7 : Marine Losses and Claims :
Types of Marine losses- total loss, actual total loss, constructive total loss, partial Loss, Particular
loss and general loss. Procedure for making a claim under marine policy. Distinction between-
actual and constructive total loss, Partial losses, Particular Average loss and general average loss.
Unit-8 : Miscellaneous insurance and classes of Miscellaneous insurance :
Personal accidental insurance, definition and feature of personal accidental Insurance. Motor ve-
hicle insurance, Burglary insurance, Credit insurance, Fidelity insurance and employer liability
insurance, Mediclaim.

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Study Materials
Notes

Model Papers Class 6 Notes

Sample Papers Class 7 Notes
Half Yearly Sample Papers Class 8 Notes

Class 9 Notes
Important Resources
Class 10 Notes
Periodic Table
Class 11 Notes
Writing Skills / Formats

Maps of India / World Class 12 Notes

Books and Solutions

NCERT Books
NCERT Book Solutions
HC Verma Chapter Wise Solutions
RD Sharma Solutions
CGBSE Solutions