In the risky times of today, people are taking refuge in insurance of everything from their life to their cars, from home to travel. The insurance sector has a lot of scope to grow. Currently, insurance sector has only 25% penetration in India; thus, there is still a lot to cover. Insurance sector then saw the involvement of Private sector too other than the nationalized sector. Although private players are still marginal as compared to nationalized insurance companies, private insurance companies are growing with a high rate. With the growth of networking marketing, insurance sector is gaining a lot of edge as network companies often sell insurance as their product. MBA in Insurance is an upcoming field.
Duration
It is a 2 year post graduation course which has a syllabus including the following:
- Principles of Management
- Marketing Management
- Human Resources Management
- Insurance industry in India
- General Insurance Industry
- Insurance Market
- Insurance and Business environment
- Insurance Contract
- Insurance Products
- Insurance and Risk Management
- Legal Framework of insurance
- Insurance Case Studies
- International Business and Insurance
- Financial Management for Insurance
- Statistical Management for Insurance
- Insurance Company Management
Eligibility
Graduates in any field (minimum 3 years of course in a particular discipline) with minimum 50% in aggregate for general category students and 45% for SC/ST category of students.
Career Prospects
MBA in Insurance has scope in insurance companies, banks, actuaries, private insurance consultants with an initial pay of average Rs.30, 000 per month.
