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A Diploma in Insurance Management is a professional course designed to provide individuals with comprehensive knowledge and skills in the insurance industry. This program focuses on the principles and practices of insurance, risk management, and claims handling, preparing students for careers in various sectors of the insurance industry, including life insurance, health insurance, and general insurance.
Course Id: DIM/Q1001.
Eligibility: Completion of 10th Grade (high School) or equivalent.
Objective:
- To equip students with the knowledge of insurance products, policies, underwriting processes, and claims management.
- To develop skills required for managing insurance operations and understanding risk management techniques.
- To provide practical insights into the insurance industry and prepare individuals for managerial roles in the sector.
Duration: 370 Hrs (Equivalent to One Year).
Total Credits: 18.
How You will Get Diploma Certificate:
Step 1- Select your Course for Certification.
Step 2- Click on Enroll Now.
Step 3- Proceed to Enroll Now.
Step 4- Fill Your Billing Details and Proceed to Pay.
Step 5- You Will be Redirected to Payment Gateway, Pay Course and Exam Fee by Following Options.
Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.
Step 6- After Payment You will get Study Material Login id and Password on your email id.
Step 7- After Completion of Course Study give Online Examination.
Step 8- After Online Examination you will get Diploma Certificate soft copy(Scan Copy) and Hard Copy(Original With Seal and Sign).
Step 9- After Certification you will receive Prospect Job Opportunities as per your Interest Area.
Online Examination Detail:
- Duration- 120 minutes.
- No. of Questions- 60. (Multiple Choice Questions).
- 10 Questions from each module, each carry 10 marks.
- Maximum Marks- 600, Passing Marks- 40%.
- There is no negative marking in this module.
| How Students will be Graded: |
| S.No. |
Marks |
Grade |
| 1 |
91-100 |
O (Outstanding) |
| 2 |
81-90 |
A+ (Excellent) |
| 3 |
71-80 |
A (Very Good) |
| 4 |
61-70 |
B (Good) |
| 5 |
51-60 |
C (Average) |
| 6 |
41-50 |
P (Pass) |
| 7 |
0-40 |
F (Fail) |
Benefits of Certification:
- Government Authorized Assessment Agency Certification.
- Certificate Valid for Lifetime.
- Lifetime Verification of Certificate.
- Free Job Assistance as per your Interest Area.
Syllabus
Principle of Insurance: Introduction, objectives, nature of insurance, purpose of insurance, how insurance works, role of insurance in economic development, history of life insurance.
Health Insurance: Introduction, objectives, features/coverages of health insurance policy, miscellaneous condition/benefits, claim settlement procedure, types of health insurance policy.
Life Assurance Finance: Features of life insurance, benefits of life insurance, types of life insurance policies, principles of life insurance.
Pricing of Insurance Product: Introduction, cash flows, surplus, the cost of equity capital, potential pitfalls in IRR analyses.
Financial Planning and Professional Selling of Insurance: Risk management in low-income households, types of insurance, resources required to manage insurance products.
Marketing Channels in Insurance & Agency Management: Introduction, meaning of marketing, scope of marketing, banking and insurance marketing, relationship marketing, factors influencing consumer behaviour, concept of value and price, distribution strategy. Customer relationship.
Job Opportunities after completion of Diploma in Insurance Management course:
Graduates of the Diploma in Insurance Management gain expertise in insurance operations, risk management, claims handling, and sales. They are prepared for roles in insurance companies, brokerage firms, and financial institutions.
Career Options and Salary Range in Insurance (NPR)
-
Insurance Advisor
- Role: Provide clients with insurance solutions and manage policies.
- Salary: NPR 3.2 – 8 lakh per annum; experienced advisors earn NPR 9.6 – 16 lakh per annum (plus commissions).
-
Insurance Underwriter
- Role: Assess risks, evaluate applications, and determine insurance terms.
- Salary: NPR 4.8 – 9.6 lakh per annum for freshers; senior underwriters earn NPR 12.8 – 19.2 lakh per annum.
-
Claims Manager
- Role: Manage insurance claims, verify documentation, and approve settlements.
- Salary: NPR 6.4 – 12.8 lakh per annum; experienced managers earn NPR 16 – 24 lakh per annum.
-
Risk Analyst
- Role: Identify potential risks and recommend mitigation strategies for insurance firms.
- Salary: NPR 6.4 – 12.8 lakh per annum; senior analysts earn NPR 16 – 24 lakh per annum.
-
Insurance Operations Manager
- Role: Oversee insurance processes, manage teams, and ensure compliance.
- Salary: NPR 9.6 – 16 lakh per annum; experienced managers earn NPR 19.2 – 28.8 lakh per annum.
-
Sales Manager (Insurance)
- Role: Lead a team of agents, achieve sales targets, and expand business.
- Salary: NPR 6.4 – 12.8 lakh per annum; senior managers earn NPR 16 – 24 lakh per annum (with incentives).
-
Insurance Broker
- Role: Act as an intermediary between clients and insurance companies.
- Salary: NPR 4.8 – 9.6 lakh per annum; experienced brokers earn NPR 12.8 – 19.2 lakh per annum (plus commissions).
-
Actuarial Analyst
- Role: Use statistical methods to assess insurance risks and financial planning.
- Salary: NPR 8 – 16 lakh per annum; experienced analysts earn NPR 19.2 – 32 lakh per annum.
-
Customer Relationship Manager
- Role: Handle customer queries, retain clients, and promote insurance products.
- Salary: NPR 4.8 – 9.6 lakh per annum; experienced managers earn NPR 12.8 – 19.2 lakh per annum.
-
Insurance Trainer
- Role: Train agents and staff on insurance products and sales techniques.
- Salary: NPR 6.4 – 11.2 lakh per annum; senior trainers earn NPR 12.8 – 19.2 lakh per annum.
-
Corporate Insurance Manager
- Role: Manage insurance policies and claims for large corporations.
- Salary: NPR 8 – 16 lakh per annum; senior roles earn NPR 19.2 – 32 lakh per annum.
-
Branch Manager (Insurance Company)
- Role: Oversee branch operations, sales, and customer service.
- Salary: NPR 9.6 – 19.2 lakh per annum; senior managers earn NPR 24 – 32 lakh per annum.
-
Investment Analyst (Insurance Sector)
- Role: Analyze investment opportunities for insurance companies.
- Salary: NPR 8 – 16 lakh per annum; senior analysts earn NPR 19.2 – 28.8 lakh per annum.
-
Policy Administrator
- Role: Handle policy issuance, renewals, and documentation.
- Salary: NPR 4.8 – 9.6 lakh per annum; experienced administrators earn NPR 11.2 – 16 lakh per annum.
-
Insurance Consultant
- Role: Provide strategic advice to businesses on insurance coverage and risk management.
- Salary: NPR 9.6 – 16 lakh per annum; senior consultants earn NPR 19.2 – 32 lakh per annum.
Salary Growth Overview
- Entry-level: NPR 3.2 – 9.6 lakh per annum
- Mid-level: NPR 9.6 – 19.2 lakh per annum
- Senior-level: NPR 19.2 – 32+ lakh per annum
Salary depends on the role, company size, and location. Sales and advisory roles often include commissions, significantly boosting income potential. Leading private insurance firms and multinational companies generally offer higher packages.
