About
Definition
Fun is like life insurance; the older you get the more it costs. ~ Kin Hubbard Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder.Career Path
B.A (Hons.) (Insurance & Banking)
Level
Under-Graduate
Duration
3 years
Eligibility
XII pass
Entrance Exam
Amity School of Insurance, Banking & Actuarial Science Entrance Exam
Specialization
--
Average Fee
₹4,00,000 to ₹6,00,000
Mode
Regular
Goal
Insurance Agent, Insurance Advisor, Loss Adjuster, Claims Adjuster, Claims Analyst, Claims Examiner,...
M.B.A (Insurance & Banking)
Level
Post-Graduate
Duration
2 years
Eligibility
Graduation with MAT/CAT/XAT/NMAT/GMAT scores
Entrance Exam
Common Admission Test (CAT), Management Aptitude Test (MAT), Xavier Aptitude Test (XAT), NMIMS Manag...
Specialization
--
Average Fee
₹70,000 to ₹6,50,000
Mode
Regular
Goal
Risk Manager, Manager of Customer Billing, Marketing Manager, Project Manager, Training Manager
PGDM (Insurance Business Management)
Level
PG-Diploma
Duration
2 years
Eligibility
Graduation with Min. 50% marks (10+2+3 pattern)
Entrance Exam
CAT, MAT, XAT, CMAT, GMAT
Specialization
--
Average Fee
₹50,000 to ₹15,00,000
Mode
Regular
Goal
Supervisors, Finance and Insurance Office Executives, Insurance and Investment Manager Claims Adjust...
Certificate Program (Health Insurance)
Level
Under-Graduate
Duration
2 weeks
Eligibility
XII or equivalent
Entrance Exam
IFBI (Institute of Finance, Banking and Insurance) Common Entrance Test
Specialization
--
Average Fee
₹50,000 to ₹2,00,000
Mode
Regular
Goal
Insurance Agent/Broker, Field Promotion Coordinator
Colleges
- All India Institute of Public & Physical Health Sciences, Delhi, Delhi
- Amity School of Insurance and Actuarial Science, Noida, Noida
- Birla Institute of Management and Technology (BIMTECH), Noida, Noida
- GITAM Institute of Management, Visakhapatnam, Visakhapatnam
- Goa Institute of Management, Sattari, Sattari
- ICFAI University, Jaipur, Jaipur
- Indian Institute for Finance and Management, Assam, Assam
- Indian Institute of Commerce and Trade (IICT), Lucknow, Lucknow
- Indian Institute of Pharmaceutical Marketing, Lucknow, Lucknow
- Institute of Finance, Banking and Insurance, Chennai, Chennai
- Institute of Finance, Banking and Insurance, Delhi, Delhi
- Institute of Finance, Banking and Insurance, Hyderabad, Hyderabad
- Institute of Finance, Banking and Insurance, Kolkata, Kolkata
- Institute of Finance, Banking and Insurance, Mumbai, Mumbai
- Institute of Insurance and Risk Management, Hyderabad, Hyderabad
- International School of Business & Media, Kolkata, Kolkata
- Mulund College of Commerce, Mumbai, Mumbai
- National Insurance Academy, Pune, Pune
- Pondicherry University, Puducherry, Puducherry
- S K Somaiya Degree College of Arts, Science and Commerce, Mumbai, Mumbai
- Siva Sivani Institute of Management, Hyderabad, Hyderabad
- Sydenham College of Commerce and Economics, Mumbai, Mumbai
- Symbiosis Centre for Distance Learning, Pune, Pune
Top Colleges
GITAM Institute of Management, Visakhapatnam
Visakhapatnam
Key Skills
Image Not Found
Image Not Found
Image Not Found
Image Not Found
Image Not Found
Image Not Found
Image Not Found
Image Not Found
Image Not Found
Image Not Found
Career Prospect
- Insurance Consultant
- Business Development Manager
- Insurance Agent
- Development officer in an Insurance Organization
- Broker/Agent
- Underwriter
- Loss Adjuster
- Risk Manager
- Claims Investigator
- Loss Control Specialist
- Claims Clerk
- Sales Agent
- Actuary
- Actuarial Associate
- Claims Adjuster
- Claims Analyst
- Claims Examiner
- Claims Representative
- Claims Specialist
- Estimator
- Field Promotion Coordinator
- Investigator
- Marketing Representative
Scope
- Insurance Companies
- Government Sector
- Private Sector
Pay Package
- Like in any other field the remuneration in this field depends on qualification, experience, and area in which one works. One could get an initial pay of ₹10,000 to ₹25,000 per month.
Role Models
Shri V.K. Sharma
Image not found
Shri V.K. Sharma- He took charge as Chairman, Life Insurance Corporation of India on 16th December 2016. Shri Sharma joined LIC as Direct Recruit Officer in 1981 and has grown with the Company since then. As Executive Director of Pension & Group Schemes, he pioneered the launch of various prestigious pension schemes in the country. As the Zonal Manager in-charge of Southern Zone, he successfully turned around its operations and put it on a growth trajectory, making it No. 1 zone in 2010. Shri Sharma’s focused leadership, proficiency in invigorating staff performance, reorganizing teams and developing talent, enabled LICHFL maintain its growth momentum despite volatile markets and adverse macro-economic conditions.