Insurance Courses in India


Introduction

Insurance signifies an agreement of being covered or protected against any kind of danger of life or to any of the assets possessed by humans. With the participation of private and multinational authorities, insurance business in India is booming in turn resulting in a demand for the various Insurance Courses. An insurer is a company selling the insurance and a policyholder is the person or entity buying the insurance. Insurance agents are involved in helping individuals and businesses in managing risk, protect themselves from losses and to anticipate problems. Insurance courses help aspiring candidates to enter in to the Indian insurance industry, which is emerging as a favorite career option due to liberalization, privatization and globalization of economy. The major fields covered by insurance courses include an introduction and principles of insurance, nature of insurance, documents and classification, financial aspects of insurance.

Different Types of Insurance Courses

The basic types of Insurance Courses include certificate courses, diploma courses and postgraduate courses. Insurance broker training program, International postgraduate diploma in Life insurance, International postgraduate diploma in General insurance, International postgraduate diploma in Risk management, Postgraduate Diploma in Insurance Business Management, Postgraduate diploma in Insurance management are the major Insurance Courses pursued by many aspirants. Actuary is one of the hottest career options in the domains of insurance with courses like MBA Actuarial Science and M Sc Actuarial science and applications.

Eligibility

Ability to convince others, presence of mind and dedication for service towards the clients are the deciding factors in this profession. Organizing skill, logical approach, quick grasping power, and good communication skills is always beneficial for managers and officers. In case of an insurance agent, the prime skill required is to have a capability for convincing people along with a great business sense. For surveyors, excellent communication skill coupled with willingness to work outside the office for odd hours are the qualities expected. Most of the Insurance Courses aim at fulfilling these requirements.

How to apply

Minimum educational qualification to join insurance sector is plus two. To obtain a license to work in the insurance sector, an exam conducted by Insurance Institute of India has to be cleared and a training program should be done. Those who wish to work as an actuary needs to qualify in entrance exam conducted by the Actuarial Society of India. Postgraduate Insurance Courses require bachelor’s degree with higher marks in mathematical subjects.

Scope/pay scale

Insurance is a stable yet dynamic industry that provides a wealth of advancement and career opportunities. As the population ages and wealth grows there is never ending demand for insurance professionals, which is met by various Insurance Courses. In government sector pay scale is as per government rules. Along with basic pay other allowances are granted according to each grade. Commissions and bonuses are added charm to the insurance sector. With a large number of private and international companies involved in the Insurance business, Insurance Courses remain an all-time favorites for candidates. For those who can prove their worth there is no looking back in this sector and hence insurance courses are pursued by many students.

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