Both Bachelor’s level as well as Master’s level degree courses are available in Insurance domain. B.Com in Banking and Insurance, B.Com in Insurance Management, BBA in Banking and Insurance are some of Bachelor’s level degree courses while MBA in Banking and Insurance, Master of Science in Insurance Business and MBA in Risk and Insurance are some of the Master’s level degree courses. Insurance degree holders can join Life Insurance Corporation of India (LIC), General Corporation of India (GIC) and United India Insurance Company Limited as Administrative Officers, Development Officers or Divisional Managers. They can also work in private insurance companies like HDFC Standard Life Insurance Co. Limited, SBI Life Insurance Private Limited ICICI Prudential, Max New York Life etc. as Asset Managers, Investment Managers, Area Manager or Unit Manager.

Degree level courses available in Insurance field

Bachelor’s degree courses

• Bachelor of Arts in Management and Marketing of Insurance
• Bachelor of Commerce in Banking and Insurance
• Bachelor of Commerce (Honors) in Banking and Insurance
• Bachelor of Commerce in Insurance Management
• Bachelor of Business Administration in Banking and Insurance

Master’s degree courses

• Master of Business Administration in Banking and Insurance
• Master of Business Administration in Risk and Insurance
• Master of Business Administration in Insurance
• Master of Commerce in Banking and Insurance Management
• Master of Science in Insurance Business

Opportunities available for Insurance degree holders

Bachelor’s degree holders in Insurance can join Life Insurance Corporation of India as Assistant Administrative Officers and earn a salary between Rs. 17, 420/- and Rs. 29,000/-per month. It is also possible for them to join as Development Officers in General Insurance Corporation of India and earn a salary between Rs. 2, 00, 000/- and Rs. 3, 50, 000/- per annum.

United India Insurance Company Limited recruits these graduates to the post of Administrative Officer. Remuneration offered for this administrative officer post is Rs. 30, 000/- per month. These graduates can join reputed private insurance companies like ICICI Prudential, HDFC Standard Life Insurance Co. Limited, Birla Sun Life, Max New York Life etc. and earn a salary up to Rs. 2, 00, 000/- to Rs. 5, 00, 000/- per annum. Job profiles available for these Bachelor’s degree holders in private insurance companies are

• Credit Analyst
• Customer Service Representative
• Sales Representative
• Business Development Manager

Postal Life Insurance recruits Master’s degree holders in Insurance for managerial positions like Divisional Manager. By joining these managerial positions, one can earn upto Rs. 50, 000/- per month. These postgraduates can join Life Insurance Corporation of India as Administrative Officer.

After getting into this officer post, one can earn a salary up to Rs. 40,000/- per month. It is possible for these postgraduates to join National Insurance Company, United India Insurance Company Limited and General Insurance Corporation of India in various managerial positions and earn up to Rs. 7, 00, 000/- per annum. Job types available for these postgraduates in private insurance companies like HDFC Standard Life Insurance Co. Limited, SBI Life Insurance Private Limited, ICICI Prudential, Tata AIF Life, Max New York Life Insurance etc. are

• Area Manager
• Unit Manager
• Investment Manager
• Asset Manager
• Chief Executives

By working in private insurance companies, Master’s degree holders in Insurance can earn a salary up to Rs. 8, 00, 000/- per annum.