Insurance essentially covers or protects people against various hazards of life. It is a financial contract that binds two people to certain responsibilities which is known as Policy. The person who acquires insurance coverage is called the policy holder or insured and the person who sells the policy is the insurer.

He/she has a responsibility to pay a stipulated amount of money from the time the policy holder signs the policy which is known as premium at regular intervals for a stipulated period to the insurer. In fact, insurance is an agreement to pay a premium in return for which the insurer will pay compensation in certain eventualities e.g. fire, theft, motor accident, etc.

Nowadays, there are lots of new insurance companies emerging in India. The major public sector insurance companies are Postal life Insurance, Life Insurance Corporation etc. LIC deals with insurance of life, whereas other insurance companies are concerned with non-life aspects of insurance which includes fire insurance, theft insurance etc.


List of Courses :-


  • Diploma in Insurance Management
  • Advanced Diploma in Insurance Management
  • Master of Business Administration in Insurance
  • Post Graduate Diploma in Insurance
  • Master of Business Administration in Insurance and Banking
  • Master of Business Administration in Insurance and Risk Management
  • Post Graduate Program in Management and Insurance

Basic Eligibility



For admission into a bachelor’s degree, the candidate must have passed the higher secondary education or 10+2 examination with commerce subjects such as accounts, maths and economics. The duration for this program is of 3 years.



For admission into a master’s degree one must have a bachelor's degree with commerce subjects such as accounts, maths and economics. The duration for this program is of 2 years.


Some of its specialized fields are: -

  • Accident, Sickness & Unemployment Insurance
  • Auto Insurance
  • Aviation Insurance
  • Health Insurance
  • Liability Insurance
  • Life Insurance
  • Pet Insurance
  • Property Insurance
  • Title Insurance
  • Travel Insurance
  • Workers Compensation

Job Prospects

There are a lot of career opportunities in this field for young aspirants. Graduates from this field can work as development officer in insurance firms, their main task is to market and procure business. Post-graduates can work as Assistant Administrative Officers through the employment exam conducted by the insurance companies. The main government companies that employ these graduates such as Postal Life Insurance, General Insurance Corporation (GIC) and Life Insurance Corporation of India (LIC).

Many MNCs have come forward in the insurance field such as Tata AIF Life, Reliance, ING Vysya Life, ICICI Prudential, HDFC Standard Life-Insurance Co., Birla Sun-Life, SBI Life Insurance, Om Kotak Mahindra, Max New York Life are some of the top companies in the private sector. Insurance organizations also recruit independent professionals such as mechanical engineers and doctors as insurance inspectors to access the actual loss and avoid the false claim made by insured.

Few Job Titles:-


  • Actuary
  • Underwriter
  • Asset Manager
  • Composite Agent
  • Development Officer
  • Sales Representative
  • Administrative Officer (AO)
  • Customer Service Representative



The salary in public sector insurance companies is as per govt. rules depending on different job titles. While in private sector insurance companies the salary is more lucrative for management graduates working in marketing and sales sector with an initial salary starting from Rs.15, 000 to Rs.25, 000 per month. Incentives are the most common form of reward for insurance agents and it depends on the type and amount of insurance sold. Earnings of inspectors depend upon nature of work and assignments.

MBA Colleges for Insurance

Acharya Nagarjuna University Centre for Distance Education

Guntur, Andhra Pradesh, India

Acharya Nagarjuna University Centre for Distance Education (ANU CDE), Guntur was established as part of Acharya Nagarjuna University to impart distance learning programs in various fields. The centre of distance learning offers quality...

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Adventure Academy

Chennai, Tamil Nadu, India

Adventure Academy, Chennai is a Chennai based company committed to children’s skill development programs. Their objective is to introduce well researched, need based, quality skill development programs for children in the age...

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Amity Centre for e - Learning, Noida

Noida, Uttar Pradesh, India

Amity Centre for e - Learning (ACeL), Noida provides online learning through Amity Centre for eLearning (AUO) to give individuals and organizations the competitive edge. All the courses offered by the center are recognized by Amity...

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Amity School of Insurance, Banking & Actuarial Science

Noida, Uttar Pradesh, India

Amity School of Insurance, Banking & Actuarial Science (ASIBAS), Noida was established in 2000. The Amity School of Insurance and Actuarial Science have always taken care to provide the best opportunities to the students. They are...

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Amity University Directorate of Distance and Online Education

Noida, Uttar Pradesh, India

Amity University Directorate of Distance and Online Education (ADDOE), Noida has been providing world-class distance education across India with 45,000 students, 22 campuses, 133 professional programs and 70 world class institutions....

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Apostle Business School

Uttar Pradesh, India

Apostle Business School, Greater Noida is affiliated to Uttar Pradesh Technical University.The school offers Post Graduate Diploma in Management. The institute is established with a commitment to provide superior quality business...

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Aryabhatta Degree College

Delhi, India

Aryabhatta Degree College (ADC), Delhi is established under act guidance and support of group of professionals, who are highly educated and dedicated towards advancement of societies. ADC is the Unit of Krishan Murari Memorial Shiksha...

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Attitude Management Academy

Kolkata, West Bengal, India

Attitude Management Academy (AMA), Kolkata was established in 2007 with a noble effort to elevate Education and Training to a new level for the common masses. Quality is an attitude to achieve perfection. Currently in the midst of a...

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Bangalore University

Bangalore, Karnataka, India

Bangalore University, Bangalore was established in 1964 as an off shoot of University of Mysore, primarily to include institutions of higher learning located in the metropolitan city and the districts of Bangalore, Kolar and Tumkur...

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BGIC Institute

New Delhi, India

BGIC Institute,Delhi i s an innovative educational Group in India. The BGIC has consistently displayed full awareness of its social responsibilities. They believe that education is the cornerstone to economic development and which alone...

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