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Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English	Self Study	Video and Text Based

Course Overview

The Swayam website hosts the Fundamental of Insurance course. Swayam is a program initiated by the government of India to make education accessible to every Indian, irrespective of their economic standing. The course imparts basic knowledge to a student who requires knowledge to get into the insurance industry.

Swayam gives all its courses free of cost, although the course materials are created by leading experts in different fields. But candidates who want to have a certificate from the course have to write an end-term exam for which they need to pay a small exam fee. The highly acclaimed course instructor, Dr. K. Uma, is a faculty member of Madurai Kamraj University.

In a risky environment, insurance is an absolute necessity because it protects individuals and businesses from unexpected losses. But due to a lack of awareness among people, the insurance penetration and density in India is very low. The Fundamental of Insurance course by Swayam hopes to spread awareness about the basic concepts of insurance and make it more widespread throughout the country.

The Highlights

Undergraduate level course
Video lectures
Additional reading material (download / print)
Quizzes and tests
Discuss online to clear any doubts
12-week course
Credit transfer to university courses
End-term exam to be held in-person
Designated Swayam examination centers around the country

Programme Offerings

Assessment Test
quizzes
discussions
Online exams
Online Classes
Government approved certificates
Industry-orientation
Multi-disciplinary teaching

Courses and Certificate Fees

Certificate Availability	Certificate Providing Authority
yes	Madurai Kamaraj University

Eligibility Criteria

Certification Qualifying Details

When candidates complete the Fundamental of Insurance course by Swayam, they need to appear for a proctored exam to get the certificate.

What you will learn

Knowledge of insurance field

Understand the fundamentals of Insurance
Understand how to spread basic awareness about the need for insurance
Learn about the basic principles and types of insurance

Who it is for

Insurance Agent

The course can be useful for anyone hoping to become aware of the basics of insurance policies. Individuals as well as businesses can benefit from this course. Students who complete this course will have an added advantage in the job market. The insurance market in India is largely unexplored and there is massive potential for job creation in this sector. The Swayam certification will be a major boom for candidates hoping to get into this growing sector.

Admission Details

Admission procedure to the Fundamental of Insurance course by Swayam

Open Swayam webpage. Select the Fundamental of Insurance course from the course catalogue/press the link https://onlinecourses.nptel.ac.in/
Use ‘Sign-in / Register’ button
Log-in to your Swayam account
Candidates who do not have an account need to open a new one. Enter an email id, make a username and create an account password
Candidates need to then verify their email ids by using the verification code sent to them
Candidates who complete this process are successfully registered for the course
Candidates who want to get their certificate have to answer the end-term exam at a Swayam exam center nearby

The Syllabus

Risk and Insurance
Features and Function of Insurance
Principles of Insurance

Basics of Life Insurance
Principles of Insurance for Life

Types of Policies for Life
Policy Conditions for Life Insurance
General Insurance

Fire Insurance - Origin and Nature
Principles of Fire Insurance
Types of Fire Insurance Policies

Policy Conditions for Fire Insurance
Basics of Marine Insurance
Principles of Marine Insurance

Types of Marine Insurance Policies
Marine Insurance Clauses and Policy Conditions
Basics of Health Insurance

Health care and Health Insurance
Health Insurance Plans
Health Insurance - Policy Procedure

Health Insurance - Third Party Administrators
Health Insurance - Claim Procedure
Motor Insurance

Miscellaneous Insurance - (Business and Personal Package)
Miscellaneous Insurance - (Industrial, Engineering and Rural)
Re Insurance

Annuity and surrender value
Insurance Regulatory and Development Authority of India(IRDAI

Legal dimensions of Insurance
Insurance Marketing

Indian insurance market
Conclusion

Evaluation process

Candidates need to complete the registration process for the end-term exam including payment of the exam fee. At the time of registration, candidates can select an exam centre convenient for them.

The exam has to be given in-person on the date specified for the exam. Final marks – 70 percent from end-term exam + 30 percent from assignments. Marks from assignments – 30 percent of marks from all total marks of all the course assessments. Marks from the exam – 70 percent of the total marks received in the end term exam out of 100 marks.

Instructors

Madurai Kamaraj University Frequently Asked Questions (FAQ's)

1: Detail the credentials of Dr. Uma, the course instructor?

Dr. Uma has 18 years of teaching experience and more than a decade of research experience in the commerce field. She has published nearly 29 papers in various national and international journals. She has attended e-content creation workshops of UGC and also developed e-content for two distance learning courses of Madurai Kamaraj University.

2: Is the Fundamental of Insurance course by Swayam free of cost?

The aim of Swayam is to disseminate education among the Indian masses free of cost. But to get a certificate, there is a nominal exam fee for the final certification exam held at the end of the course.

3: Can the end-term exam be given from home?

There is no option to answer the end-term exam online. Candidates have to travel to exam centers and answer the exam in-person.

4: Is the course certification accepted everywhere?

Swayam is an official scheme of the Indian government’s Ministry of Human Resource Development. Swayam’s Food Preservation Technology certificate is issued from the Consortium of Educational Communication, New Delhi (CEC). The certification is accepted by all government agencies. The higher educational body UGC also allows the transferring of credits from Swayam courses.

5: How to learn more about the Fundamental of Insurance course by Swayam?

Candidates can use the ‘Swayam Helpline/Support’ option on the Swayam website. On clicking that, a pop-up box opens asking candidates to select a Swayam National Coordinator from a drop-down list. The Swayam course coordinator for the Fundamental of Insurance course is CEC. The pop-up box then displays the official email id of the course coordinator for all course-related questions.