BIMTECH – MASTERCLASS 2018 -LYCEUM FOR INSURANCE

The annual flagship event of BIMTECH – MASTERCLASS 2018 -LYCEUM FOR INSURANCE   in association with Swiss Re Global Business Services witnessed intense competition among the students of Insurance Business Management. Prof. (Dr.) HarivanshChaturvedi, Director-BIMTECH in his address extolled the benefits reaped by the student community by participating in events like Lyceum. “It helps students to broaden their horizon and relate their ideas with the social design of the day” he quipped. Three teams forming a group of three students each made presentations on three different topics .The first team of RadhikaSikka, AntaraNafde and Priyanaka presented on “A study of the Reach of Basic Financial Service Products including insurance in select villages/towns”. The second team of Vidhi Agarwal, Yashita Kashyap and Arundhati Joshi   made a presentation on “A study on Homestead insurance and PMFBY in villages/towns”. The third team comprising Priyanaka Banerjee, Isha Johar and Shivendrapresented on “A study on Government Sponsored Health Insurance Schemes in villages/towns” In all sixteen teams took part of which only three teams could qualify for the final round. The students visited a nearby village called Maicha and a small township called Todapur for doing the above research work. They interacted with the rural people, collected small samples by administrating questionnaires. The team represented by  Priyanaka Banerjee, Isha Johar and Shivendra Singh clinched the first prize,while the second prize was won by of Vidhi Agarwal ,Yashita Kashyap and Arundhati Joshi respectively. The students made their presentations in front of Mr. Niraj Kumar, Consultant, &Ex. Director & GM-The Oriental Insurance Co. Ltd. ,Mr. S.K. Mehra, MD &CEO, Health Insurance TPA of India Ltd. ,Ms. Anamika Roy Rashtrawar, Director-Marketing – IFFCO-TOKIO General Insurance Co. Ltd.,Ms. Meenakshi Gandhi, General Manager- Health Risk & Benefit Management– Max Bupa Health Insurance Co.Ltd., and Mr. Prakash Billava- Vice President, Swiss Re Global Business Services. The   Jury comprising above experts interrogated the students during the course of their presentations. There was also a panel discussion with the above experts, moderated by Prof.Pratik Priyadarshi. The panellists put forward their views on how to close the yawning insurance protection gap particularly in the rural areas. It may be noted here that Lyceum was the venue in ancient Greece during the times of Socrates, Aristotle, Plato and other great philosophers, where they invited their disciples for discussion, debate and discourse on any subject under the sun.These conversations were saved and are now available as dialogues with great philosophers by publishers like Penguin. Incidentally, Lyceum also doubled up as a gymnasium during part of the day. The pedagogy as it evolved,prompted disciplesto make enquiries.  The mentors in turn, led them to truth through dialogues. The learning occurred in the journey to discover the truth. In its modern adaptation in BIMTECH, students groups of 2 or 3 join hands to deal with a topical issue in the form of ten to fifteen minutes presentation from any management academic stream before a panel of eminent corporate leaders, professionals and academicians. They experts would be responding by asking for clarifications from students and engage them in conversation and dialogue to enlighten the students. This platform works across all streams i.e. Marketing, Finance, Operations, OB/ HR, International Business, Retail and Insurance. Lyceum became operational in BIMTECH during 2016 and has been continuing as a knowledge development tool.