The CBSE Class 12 Insurance – II Marking Scheme Question Paper is structured to evaluate students’ knowledge of advanced insurance concepts, principles, policies, and practices. It assesses both theoretical understanding and practical application, emphasizing the ability to analyze insurance products, manage risks, and interpret regulatory frameworks within the insurance sector.
The paper is divided into sections such as objective, short-answer, long-answer, and case study-based questions. The objective section includes multiple-choice, true/false, and fill-in-the-blank questions, testing basic knowledge of insurance policies, premium calculations, and the role of intermediaries. Short-answer questions focus on explaining core topics like underwriting, claims management, and the functioning of regulatory authorities. Long-answer questions demand detailed responses on complex areas such as actuarial calculations, risk assessment techniques, and the influence of regulations on the insurance industry. Case study questions encourage students to apply theory to real-world situations, such as designing insurance plans or analyzing claim settlements.
The marking scheme is designed to ensure fairness, awarding marks based on accuracy, clarity, depth, and practical relevance. Responses are evaluated not just for correctness but also for logical flow and applicability. This approach fosters a strong grasp of insurance principles and equips students for higher studies or careers in the insurance domain.
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