Diploma in Insurance and Risk Management

Why do the course?

·       Graduates with a Diploma in Insurance and Risk Management can work in various roles such as Insurance Underwriters, Insurance Claims Adjusters, Risk Managers, Insurance Agents and Brokers, and other related positions in the insurance industry.

·       Increasing Demand: The insurance sector in India is expanding quickly, and there is an ongoing need for educated individuals with expertise in risk management and insurance.

·       Options for Employment: Graduates with a Diploma in Insurance and Risk Management have a wide range of employment options in the insurance sector. Graduates can find employment in a variety of areas in the insurance sector, including insurance underwriter, insurance claims adjuster, risk manager, insurance agent, and broker.

Eligibility Criteria required for the Course Diploma in Insurance and Risk Management: 

Students must meet the minimal eligibility requirements listed below in order to enrol in the Diploma in Insurance and Risk Management:

·       The first requirement for all students is to qualify for the 10th or 10+2 level.

·       It is not necessarily demanded to have a previous qualification in the same field.

·       Every candidate on a merit basis should hold a score of 45-50% and on an entrance basis, a valid admission test score.

Highlights of the Diploma in Integrative Medicine Course: 

Top Colleges for the course, Diploma in Insurance and Risk Management course:

Check out the list of top colleges given below for doing the course, Diploma in Insurance and Risk Management:-

      6          Indian Institute of Banking and Finance (IIBF), Mumbai

      7          Institute of Actuaries of India (IAI), Mumbai

      8          Narsee Monjee Institute of Management Studies (NMIMS),

                  Mumbai

Admission Process for the Diploma in Insurance and Risk Management course:

·       Students must register for the admission exam on the conducting body's official website.

·       Candidates must complete the online application form by entering their personal and academic information after generating a login ID.

·       Document uploading Candidates must upload the required paperwork at this phase, including their photo, signature, proof of identification, class 10 and 12 certificates, etc.

·       Candidates must save and download the application after paying the application fee for their records.

·       The admission authorities will issue the admit cards to the qualified students based on the record of the information given by the students.

·       The results of the entrance exam they have taken will be made public by the admissions authorities after the exam.

·       The shortlisted applicants have to appear for subsequent admission processes such as group discussion and personal interview.

Syllabus to be Study in the duration of the course Diploma in Insurance and Risk Management Course:

The syllabus for a Diploma in Insurance and Risk Management may vary depending on institution and program but typically includes the below topics:-

Frequently Asked Questions:

Question.  What is the role of risk and insurance management?

Answer. Risk management in insurance involves identifying potential risks, researching them, and implementing measures to minimize their impact. Insurance is a critical component of effective risk management, as it provides a means of financing potential losses.

Question. What qualification required for Diploma in Insurance and Risk Management?

Answer. The minimum qualification required for a Diploma in Insurance and Risk Management course in India is typically 10+2 or equivalent from a recognized board or university. Some institutions may require a minimum percentage of marks in the qualifying examination, usually around 50% or above. However, specific eligibility criteria may vary depending on the institution offering the course. It is advisable to check with the respective institution for their eligibility criteria before applying for the course.

Question.  Is risk management in high demand?

Answer. With increasing global instability and uncertainty, risk managers are in high demand globally as corporations seek to differentiate themselves as long term winners

Question: Scope and job opportunities for Diploma in Insurance and Risk Management?

Answer.  After completing Diploma in Insurance and Risk Management, a candidate can start working as a Insurance agent/broker, Risk manager, Underwriter, Claims adjuster, Loss control specialist, Insurance surveyor/assessor, Risk analyst, Actuary, Insurance operations manager, Insurance marketing/sales manager, etc.

Question. expected salary for Diploma holder in Insurance and Risk Management in India?

Answer. The salary for a Diploma holder in Insurance and Risk Management in India can vary depending on various factors such as the job profile, experience, and skills. On average, the starting salary for freshers in this field can range from Rs. 2.5 to 4 lakhs per annum. With experience and skills, one can expect to earn a higher salary, which can range from Rs. 5 to 10 lakhs per annum or more, depending on the job profile and company. The salary can also vary depending on the industry sector, with sectors like banking, finance, and insurance offering higher salaries compared to other sectors.