5 Courses and Certifications

Online Insurance Courses & Certifications

The insurance industry has evolved more in the past few years, safeguarding the interest of people from loss and uncertainty. The industry helps develop financial institutions and lessen uncertainties by enhancing financial resources. Insurance is not just an industry, but it is a dynamic and competitive career for students seeking to enter the finance sector. Insurance is a vast field, hence there are a plethora of career opportunities. Any 12th pass out student, graduate and professional can pursue Insurance courses and build a successful career in this field.

As insurance is a professional field, one can enrol in different insurance courses online or on-campus depending on his/ her eligibility. Insurance courses in India are offered at UG, PG, doctoral, and diploma levels. One can also apply for insurance certification courses offered by top universities worldwide.

While the insurance sector is much wider, it comprises various specialisations. These include health insurance, life insurance, business insurance, property insurance, automobile insurance, loan insurance, travel insurance, and more. After the successful completion of insurance courses, candidates can find many career prospects in insurance companies, banking, financing, auditing, and accounting firms. They can also find employment opportunities in national and international banks, multinational financial companies and more.

What is Insurance?

The term insurance is defined as the process of protection from financial loss. It is a dynamic and continuously evolving sector providing safety and security to business and life, generating financial resources, promoting economic growth, encouraging life insurance saving, providing medical support, and more.

Who Can Pursue Insurance Courses?

  • Individuals who are interested in finance, financial instruments, financial services, etc.
  • Students and graduates seeking a career in financial services.
  • Professionals working in the finance and insurance sectors and banking.

Eligibility criteria for Insurance Courses

  • For undergraduate insurance courses such as BA/ BBA/ B.Com in Insurance Management, candidates must have completed 10+2 in any stream (commerce/ maths are more preferable) from a recognised board.
  • For postgraduate insurance courses like MA/ MBA/ M.Com in Insurance Management, candidates should hold a bachelor’s in a relevant discipline from a recognised university.
  • Candidates can apply for PhD courses in insurance after completing a master’s degree in insurance.
  • Many colleges and universities take admissions to insurance courses through entrance exams. Some popular exams include DU JAT, NPAT, BUMAT, BHU PET, CMAT, XAT, and UGC NET.

Skills Required for Insurance Courses

  • Interpersonal skills
  • Attention to detail
  • Mathematical skills
  • Analytical approach
  • Problem-solving
  • Excellent communication

What Will You Learn in Insurance Courses?

  • By enrolling in online insurance courses and certifications, you will learn about the different types of insurance, financial instruments, financial planning, public policy, microeconomics, ethical issues, social security and public finances.
  • Insurance courses will impart knowledge of financial management, financial accounting, business law, quantitative methods, principles of banking, and insurance.
  • The courses will also teach you about entrepreneurship management, financial reporting and analysis, taxation of financial services, customer relationships and the financial market.
  • You will further learn about international banking, portfolio management, strategic management, business ethics, auditing, banking projects, turnaround management.

Popular Insurance Certification Courses

The certificate courses for insurance will provide you with knowledge of insurance management and equip you with the skills essential to perform your job in the industry. Insurance certification courses are short-term courses you can pursue online from anywhere and at your own pace. These online insurance courses are ideally apt for those looking for a career boost in the financial sector with incredible earning potential.

Here’s the list of some of the best insurance certification courses:

Course Name

Offered by

Duration

Fees

Certified Claims Manager

Vskills

Self-paced

INR 2,499

Certificate Course on "Compliance, Governance and Risk Management in Insurance"

Insurance Institute of India in collaboration with the Institute of Company Secretaries of India (ICSI)

3 Years

INR 1,000/ subject

Post Graduate Certificate in General Insurance

Institute of Insurance and Risk Management, Hyderabad

1 Year

INR 270,000

Post Graduate Certificate in Investment Planning & Life Insurance

Institute of Insurance and Risk Management, Hyderabad

1 Year

INR 270,000

Insurance Reserving, Risk Management and Analysis of Key Performance and Financial Indicators

New York Institute of Finance via edX

4 Weeks

$199

HDFC Life PG Program in Life Insurance 

upGrad

11 Months

NA

Financial Analysis of Insurance Companies - Industry Overview and Analysis of Financial and Regulatory Reporting

New York Institute of Finance via edX

3 Weeks

Free

Risk Analysis and Insurance Planning- CFP Certification

Udemy

6.5 Hours

INR 3,200

The Law of Contracts for The Insurance Professional

Udemy

1.5 Hours

INR 3,200

Exploring Workers Compensation Insurance and Alternatives

Udemy

1.5 Hours

INR 2,240

Career Options in Insurance

There are a large number of career opportunities in the insurance industry. As this is a very competitive market, insurance and risk management professionals are in high demand in the industry. After completing insurance certification courses, you can find various opportunities in insurance companies, banking, financing, and auditing firms. You can work in reputed national as well as international banks, finance departments of multinational companies and many private and public organisations. 

Below are some of the job opportunities you can explore after insurance courses:

Insurance Salary Trends

Professionals in the insurance industry are well-compensated amongst other professionals. Their pay can vary depending on various factors such as qualifications, job profiles, employers, skills and experience. The remunerations can also differ based on the job location. According to PayScale, the average salary of an Insurance Agent in India is INR 246,935 p.a. 

Salary based on job profiles:

Job Profiles

 Average Base Pay (annually)

Insurance Claims Specialist

INR 312,259

Branch Manager

INR 700,051

Insurance Manager

INR 618,744

Risk Manager

INR 752,050

*Source: PayScale and Glassdoor

Scope of Insurance

The scope of insurance is very broad in India and abroad. In India, there are 57 insurance companies, of which 24 are in the life insurance business and 34 are non-life insurers. In 2020, the overall insurance market in India was expected to account for $280 billion. While the industry is rapidly rising with the growing interest in insurance among people and businesses, its scope in terms of career and growth is incredible. Almost every business, from IT to non-IT and insurers to non-insurers, requires insurance management professionals.

There is an increasing demand for professionals who hold a degree or certificate in insurance courses in banking, insurance and financial services, auditing and accounting firms, and national and international banks.

Top Recruiters for Insurance Professionals

LIC

ICICI Prudential

Reliance

Tata AIA Life

Birla Sun Life

PwC

Deutsche Bank

Genpact

PayPal

HDFC

Bajaj Allianz

Muthoot Finance 

FAQs

Q: Can I take up free online insurance courses?

A: You can learn online insurance courses free from top institutes and universities worldwide.

Q: Who is eligible for insurance certification courses?

A: Anyone interested in financial services and insurance management can apply for online insurance courses and certifications.

Q: What are the degrees available in insurance?

A: You can pursue insurance courses at undergraduate, postgraduate, diploma and doctoral levels.

Q: Is it worth pursuing insurance certification courses?

A: Insurance is a dynamic and very competitive field. Pursuing a career in this field will open vast opportunities in banking, insurance, finance, accounting and auditing firms. You can even go outside India and work in international banks and businesses.

Q: What type of jobs can I get after insurance courses?

A: There are many job options available to you after insurance courses. These include Insurance Agent, Branch Manager, Insurance Claims Specialist, Insurance Account Manager, and more.

Q: How much can I earn after pursuing insurance courses?

A: As an Insurance Agent, you can earn an average salary of INR 246,935 p.a.

Career Category
Specialization
Job Role
Skills

Pricing

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Professional Certificate in Application of General Insurance

Offered by

Certificate

Professional Certificate in Application of General Insurance

The Professional Certificate in Application of General Insurance by Amity Online is a 6-week programme that highlights the concept of insurance. This is an intermediate-level course that requires an effort of 7 hours per week. Moreover, the course will dive into the history and laws related to the concept of insurance. 

The Application of General Insurance course syllabus will cover the documents and policies related to insurance, the general principles and their implementation in insurance, and the financial operations of an insurer. You will also learn the need for insurance and the various insurance types. 

Since this is an online self-paced learning programme, you can study at your own time from anywhere.  In addition, you will earn a Professional Certificate in Application of General Insurance from Amity University Online for successfully completing the programme. By adding the certificate to your qualifications, you can stay ahead of the curve and propel your career forward.

...Read More
6 Weeks
Intermediate
20,000
Skills Covered:
Knowledge of insurance field
Professional Certificate in Insurance Marketing and Client Management

Offered by

Certificate

Professional Certificate in Insurance Marketing and Client Management

The Professional Certificate in Insurance Marketing and Client Management is an intermediate programme offered by Amity Online. This short-term training of 6 weeks covers the key facets of insurance marketing strategies and the increasing need for insurance protection. By learning these concepts and other related topics covered in the course, you’ll gain the required knowledge to propel your career towards success.

The Insurance Marketing and Client Management course curriculum will dive deep into vital concepts such as the need for insurance and insurance protection, advertisingmarketing plan and process, IRDA restrictions on insurance, insurance portfolios, sales, sales deviation, and marketing modification. 

Moreover, you will learn the differences between the fundamentals of distribution channels, product development, and new markets regarding insurance. The Insurance Marketing and Client  Management certification course requires a weekly effort of seven hours and is self-paced so that you can learn at any time or place. 

Finally, you will receive the Insurance Marketing and Client Management course certificate from Amity Online upon completing the programme, which will be an excellent addition to your credentials.

...Read More
6 Weeks
Intermediate
20,000
Skills Covered:
Knowledge of insurance field
Professional Certificate in Life Insurance Underwriting and Claims

Offered by

Certificate

Professional Certificate in Life Insurance - Underwriting and Claims

The Professional Certificate Programme in Life Insurance - Underwriting and Claims by Amity Online is a 6-week online course geared towards those wanting a holistic overview of life insurance. The course level is intermediate, and therefore, is open to beginners looking to gain more knowledge in life insurance.

Throughout the course, you will also learn the salient features of individual insurance plans. Plus, the Life Insurance course syllabus explains core areas such as personal insurance, social security schemes, and the various other types of insurance one can opt for. Familiarising yourself with these concepts, you’ll become an expert in life insurance and pursue higher roles or education programmes in this domain.

Moreover, the Professional Training in Life Insurance - Underwriting and Claims offers a self-paced learning schedule. Hence, you’ll study at your own pace and in a stress-free manner. Taught by Amity’s educators, the training explains the fundamental concepts of life insurance, allowing you to build a firm foundation in this subject. Once you finish the programme, Amity Online will also award you with the completion certificate.

...Read More
6 Weeks
Intermediate
20,000
Skills Covered:
Knowledge of insurance field
Professional Certificate in Regulatory Frame Work of Insurance

Offered by

Certificate

Professional Certificate in Regulatory Frame Work of Insurance

Amity Online’s Professional Certificate Training in Regulatory Frame Work of Insurance is the ideal course for those looking to expand their knowledge about insurance regulations. The programme covers regulations during the pre and post-nationalisation stages with the current understanding and updating details of numerous Acts. 

Moreover, the Regulatory Frame Work of Insurance certification syllabus also uses real-world case studies to explain the implications and limitations of the Acts. During the curriculum, you will also analyse the regulations with respect to the Consumer Protection Act and the registration of companies. The course will cover key Acts such as the IRDA Act of 1999, the General Insurance Business Nationalisation Act, and the Insurance Act.

Since this is a self-paced curriculum, you won’t have to learn according to a fixed schedule. Plus, the Certificate Programme in Regulatory Frame Work of Insurance requires just 7 hours per week and is held online. Being an intermediate-level training, you can enrol in this course if you’re a beginner in insurance regulations.

Lastly, if you complete the programme, Amity Online will provide you with the Regulatory Frame Work of Insurance course certificate as well.

...Read More
6 Weeks
Intermediate
20,000
Skills Covered:
Knowledge of law
Certified Claims Manager

Offered by

Certificate

Certified Claims Manager

Vskills Certified Claims Manager online course provides you with comprehensive and in-depth course material to help you ace the certification test. The course material is meticulously designed and covers essential topics like claim settlement procedure, legal aspects, insurance basics, ethics, insurance intermediaries, underwriting, and new trends in claim settlements.

The Certified Claims Manager course is intended for graduates and working professionals who want to be at the top of their chosen fields. Professionals who are currently in the field and are looking for further job progression can also register for the certification. 

Vskills’ certificate can help you distinguish yourself in today’s cutthroat job market and get you the job of your dreams.

After successfully going through the entire online Certified Claims Manager course material provided – both hard copy and online material – you can appear for the certification test. If you clear the test, you will earn the government-recognized course completion certificate, which will significantly boost your career prospects. The Vskills tag, which is provided after course completion, will allow you to showcase your skills on platforms like Monster India and Shine.

...Read More
2,499
Skills Covered:
Knowledge of insurance field

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