Venue: Saraswat Vidhyalayas Sridora Caculo college of Commerce & Management studies
Timing: 12.00 pm to 1.00 pm
Dated : 05 /12 /2005

Life Insurance is a device which protects us from risks and the fear of early death. The policy of Life Insurance which evidences the contract entered into by the insurer and the applicant for the insurance is primarily a contract and is governed by general principals relating to contracts. It has, however certain special aspects which need to be known. Thus the members of the “CYBER LEGAL AID” conducted a programme for creating awareness among the First Year B.B.A students on the ‘Special aspects of Life Insurance

As per the schedule, the programme began at 12.00 p.m, with an introduction given by the Incharge Miss. Gleerose Fernandes. There after Ms. Gleerose Fernandes gave a brief introduction & welcomed our Chief Guest & speaker Sir Subha Rao the Legal and Financial manager of the LIC, Panaji to the Dais.
The Members (Ms. Ula Luis and Ms. Yunna Pinheiro) then presented a floral tribute to our Chief Guest Sir Subha Rao & to the Project and event manager of the college respectively.

Our Chief Guest for this programme Sir Subha Rao began his talk by explaining the meaning of Life Insurance. He said that the Life Insurance policy is based on one main aspect that is utmost good faith & therefore deceit would only lead to forfeiture of the policy.
He spoke on the various types of insurance policies & the essentials involved in the Formation of a Life Insurance Contract. He then went on to speak about what is Insurable Interest in Life insurance, the Proposal and policy involved in Life insurance & mentioned that the Life Insurance Policy is initiated by the acceptance of a proposal form and this contract is valid as long as the premium is paid. Further he also spoke on the Claim and Title to the Policy like premature claim, cases of accidental death etc. He then concluded by explaining some of LIC money back policies like Jeeven Anurag Scheme, Jeevan Bima & the like.
Later the members distributed pamphlets & brochures on Insurance policies to all students.

A question hour session was then conducted in which the students actively participated.
Some of the questions raised were as follows:
1) By Ms. Neha Singhal :- ‘What is the upper & lower limit up to which one can insure oneself ?’
2) By Ms. Sharva Kerkar :- ‘What are the documents needed to make an insurance policy ?
3) By Ms. Aditi Chandelkar:- ‘What are the conditions involved to make an insurance policy ?’
4) By Mr. Sunil Kauathankar:- ‘Who can claim after the death of the policy holder?’

The programme concluded with a vote of thanks proposed by the Incharge Ms. Gleerose Fernandes which was then followed by a vote of thanks proposed by Ms. Neha Singhal on behalf of the F.Y students for enlightening them on the ‘Special Aspects of Life Insurance’.