Introduction:
The brunt of globalization has led to the opening of insurance sector. Highest players are still vying with each other to grab the growing market of Rs 33,000 crores premium per annum in India. About 30 business organizations like TATA, Reliance, ICICI, HDFC, Birla, etc joined hands with famous insurance companies of the world dealing with general & life insurance.
There is an increasing need of trained and particular personnel with knowledge of scientific theories and practices followed in India and globally. Such requirement opened the doors to a branch of management curriculum in its own right.
It is significant to study the risk and insurance management for successful management of insurance collection. Insurance and risk management professionals analysis and solve problems involving loss of personal and corporate assets.
The program integrates knowledge from finance, quantitative analysis & management and includes study of the legal, social and institutional environment in which losses may occur. It also prepares students to assess and treat the risks taken by profit-seeking and non-profit organisations.
Potential Careers:
The broad-based risk management industry employs over three million people worldwide, on behalf of over a trillion dollars in business assets. As the world's wealth grows and population ages, the demand for risk management professionals will also increase.
The risk and insurance management leads to careers as a risk manager, insurance broker, insurance representative, actuary, employee benefits manager, insurance underwriter, insurance claims adjustor, surveyors, claim settlers and insurance regulator.
Opportunities in consulting in industries, commercial organisations, insurance companies, consulting firms etc are also open.
Semester I
501 Principles and Practice of Life and General Insurance
124 Risk Management
503 Life Insurance I
504 Fire Insurance
505 Marine Insurance
Semester II
506 Engineering and Liability Insurance
508 Motor Insurance and Agricultural and Mis. Insurance 507 Life Insurance II
123 Investment Planning and Management
119 Marketing of Financial Services
Fee Structure –
For Indian Resident: Total Fees Rs. 17000/- (Inclusive of Prospectus Fee, Registration Fee and Course Fee)
For NRI / Foreign Resident: USD 1700/- (Inclusive of Prospectus Fee, Registration Fee and Course Fee)
Exam Fee Per Attempt:
Exam fees per subject per attempt Rs. 200 / US $ 50 has to be paid by D.D at the time of Examination. For Subsequent attempts the exam fees will be Rs. 200 per subject / US $ 50 Payable at the time of examination. Total Fees to be paid in full at the time of admission in the form of Demand Draft drawn in favour of "MIT School of Distance Education" Payable at Pune.
Institution of Risk & Insurance Management
• B. A (Insurance), B. A (pass) with Insurance as a Subject
Duration: 3 years
Eligibility: Class XII
• PG Diploma in Certified Risk and Insurance management
Duration: 3 years (regular), 2 years (accelerated)
Eligibility: Graduation (for regular), Post Graduation (for accelerated)
• Certificate Course in Intermediaries in Specific Insurance Subjects
Duration: 3 months
Eligibility: Graduation
• Course for Insurance Agents
Duration: 50-100 hours
Eligibility: Class XII
• Courses for Insurance Managers
Duration: 1 year
Eligibility: Graduation
• PG Diploma in Insurance and Risk Management
Duration: 1 Year (regular), 18 months (part time)
Eligibility: Graduation/C. A.
• B. Sc (with Actuarial science as a subject)
Duration: 3 years
Eligibility: Class XII
• PG Diploma in Insurance Science
Duration: 1 year
Eligibility: Graduation
• PG Diploma in Management of Insurance and Financial Services
Duration: 15 months
Eligibility: Graduation
• Master's Program in Insurance Business
Duration: 2 years
Eligibility: Graduation
• Foundation in Financial Planning
Eligibility: Graduation
• M. Sc in Actuarial Science
Duration: 2 years
Eligibility: B. Sc
The brunt of globalization has led to the opening of insurance sector. Highest players are still vying with each other to grab the growing market of Rs 33,000 crores premium per annum in India. About 30 business organizations like TATA, Reliance, ICICI, HDFC, Birla, etc joined hands with famous insurance companies of the world dealing with general & life insurance.
There is an increasing need of trained and particular personnel with knowledge of scientific theories and practices followed in India and globally. Such requirement opened the doors to a branch of management curriculum in its own right.
It is significant to study the risk and insurance management for successful management of insurance collection. Insurance and risk management professionals analysis and solve problems involving loss of personal and corporate assets.
The program integrates knowledge from finance, quantitative analysis & management and includes study of the legal, social and institutional environment in which losses may occur. It also prepares students to assess and treat the risks taken by profit-seeking and non-profit organisations.
Potential Careers:
The broad-based risk management industry employs over three million people worldwide, on behalf of over a trillion dollars in business assets. As the world's wealth grows and population ages, the demand for risk management professionals will also increase.
The risk and insurance management leads to careers as a risk manager, insurance broker, insurance representative, actuary, employee benefits manager, insurance underwriter, insurance claims adjustor, surveyors, claim settlers and insurance regulator.
Opportunities in consulting in industries, commercial organisations, insurance companies, consulting firms etc are also open.
Semester I
501 Principles and Practice of Life and General Insurance
124 Risk Management
503 Life Insurance I
504 Fire Insurance
505 Marine Insurance
Semester II
506 Engineering and Liability Insurance
508 Motor Insurance and Agricultural and Mis. Insurance 507 Life Insurance II
123 Investment Planning and Management
119 Marketing of Financial Services
Fee Structure –
For Indian Resident: Total Fees Rs. 17000/- (Inclusive of Prospectus Fee, Registration Fee and Course Fee)
For NRI / Foreign Resident: USD 1700/- (Inclusive of Prospectus Fee, Registration Fee and Course Fee)
Exam Fee Per Attempt:
Exam fees per subject per attempt Rs. 200 / US $ 50 has to be paid by D.D at the time of Examination. For Subsequent attempts the exam fees will be Rs. 200 per subject / US $ 50 Payable at the time of examination. Total Fees to be paid in full at the time of admission in the form of Demand Draft drawn in favour of "MIT School of Distance Education" Payable at Pune.
Institution of Risk & Insurance Management
• B. A (Insurance), B. A (pass) with Insurance as a Subject
Duration: 3 years
Eligibility: Class XII
• PG Diploma in Certified Risk and Insurance management
Duration: 3 years (regular), 2 years (accelerated)
Eligibility: Graduation (for regular), Post Graduation (for accelerated)
• Certificate Course in Intermediaries in Specific Insurance Subjects
Duration: 3 months
Eligibility: Graduation
• Course for Insurance Agents
Duration: 50-100 hours
Eligibility: Class XII
• Courses for Insurance Managers
Duration: 1 year
Eligibility: Graduation
• PG Diploma in Insurance and Risk Management
Duration: 1 Year (regular), 18 months (part time)
Eligibility: Graduation/C. A.
• B. Sc (with Actuarial science as a subject)
Duration: 3 years
Eligibility: Class XII
• PG Diploma in Insurance Science
Duration: 1 year
Eligibility: Graduation
• PG Diploma in Management of Insurance and Financial Services
Duration: 15 months
Eligibility: Graduation
• Master's Program in Insurance Business
Duration: 2 years
Eligibility: Graduation
• Foundation in Financial Planning
Eligibility: Graduation
• M. Sc in Actuarial Science
Duration: 2 years
Eligibility: B. Sc
