Insurance is a guarantee for reimbursing money at times of loss, compensated to people or organizations that have made pre-payments so concerned about uncertainties. Taking insurance prevents people from worrying about unexpected future losses. The insurance companies offer protection to our money and assets of money value. The different types of insurance include property, life, health and travel insurance.

There are numerous institutions offering various under graduate and post graduate courses in insurance. Aspirants who wish to continue their studies in insurance can carry on with their research programmes. Those who ought to do the postgraduation course in insurance should appear for an entrance exam prior to admission. Different Universities or institutions carry out the entrance tests. The available post graduate courses in insurance are listed below.

List of Postgraduate Courses

• PG Diploma in Insurance Science
• PG Diploma in management of Insurance and financial services
• PG Diploma in Insurance and Risk Management
• PG Diploma in Certified Risk and Insurance management
• PGDBM in Banking and Insurance
• Foundation in Financial Planning
• M.Sc. in Actuarial Science
• Master’s program in Insurance Business
• MBA in Insurance and Risk management
• MBA Hospital Administration: Health Insurance
• PhD in insurance

Career Prospects

There are many private and public insurance companies venturing into this area. On successful completion of the masters’ programme in insurance, the professionals can search for employment in both public and private sector. There are abundant opportunities for these passed outs in India and abroad. On becoming an insurance agent in LIC for every policy taken they receive a commission. They will continue to receive an income over it as long as the policy exists. These specialists require technical as well as creative knowledge and should have the potential to handle risk. On entering in to career, insurance professionals can expect good remunerations. They can earn quite a good salary varying from Rs. 15,000 - Rs.25,000 in India. Since there are more number of insurance companies abroad, professionals working out of India can earn higher scale of pays. With experience in the field, they will get promotions to higher designations.  Also the remunerations will also increase over a period of time. There are many individuals who take this job as a part time over the existing job for additional income.