General Insurance: Admission 2024, Fees, Syllabus, Entrance Exam, Top Colleges, Career Scope

Updated on Jan 3, 2023 05:51 IST
Jasmine Dang Arora

Jasmine Dang AroraDeputy Manager-Content

In recent times, the Financialtor has become more challenging while becoming closer with the global community. As an insurance professional, one has to stay on their toes to keep their knowledge levels about changing regulatory requirements updated. General Insurance course helps perform efficiently and to ensure that the spirit of the regulations is not lost under the monotony and routine nature of mandatory compliances. Candidates must appreciate the philosophy behind the regulations, widen their awareness of international trends and develop perspectives to ensure proper application of their knowledge to local realities with the help of the General Insurance course. The objective of the course is to create a cadre of associate /professionals in the Insurance industry to be well versed in risk management, governance and regulatory compliances. 

General Insurance Course- Eligibility Criteria 

  • For certification and Graduation course in General Insurance, candidates must have completed 10+2 education in any stream from a recognised board/institute. Enrollment to certification course will be granted on a merit basis.  
  • The candidate must have completed the bachelor’s degree in any discipline with an aggregate as required by the institute that the candidate is applying for.  
  • Candidates who are appearing in the final year of the qualifying examination can also apply. Provided their admission will be on a provisional basis.  
  • Candidates who have completed their postgraduation in any discipline can also enrol for the course.  

Also Read:

Certification Course in General Insurance

General Insurance Entrance Exams

Candidates must appear for the management entrance exams to take admission to the PG programme of General Insurance.  

MATXATGMATCATCMATATMAKMATKarnataka PGCET, APICET 

General Insurance Required Skillsets 

Candidates must possess the following skillsets to have an added value advantage 

  • Communication 
  • Numeracy 
  • Customer Service 
  • Problem-Solving 
  • Analytical Skills 
  • Organisation 

General Insurance Syllabus

The main topics covered in General Insurance are:

Syllabus in General Insurance
Introduction to Insurance Fundamentals of Insurance
Motor Insurance Fire Insurance
Marine Insurance Health Insurance
Accidental Insurance Claims
Personal Development Behaviourial Aspects

General Insurance Courses Offered by Top Institutions/Colleges 

General Insurance course is offered at multiple levels I.e., Certificate, UG and PG level. Candidates can check the name of the courses and institutions that offer the course at various levels. 

Name of the Institute/College 

General Insurance Course offered 

Level 

Duration 

Indian School of Business Management and Administration, Bangalore 

Diploma in General Insurance 

After 10th Diploma 

1 year 

Institute of Insurance and Risk Management 

PGCM in General Insurance 

Certification 

1 year 

Institute of Finance, Banking and Insurance 

Certificate in General Insurance 

Certification 

6 months 

Certificate in Health Insurance 

Certification 

6 months 

Amity University Online 

Noida 

Online Professional Certificate in Application of General Insurance 

Certification 

6 weeks 

Indian School of Business Management and Administration, Hyderabad 

Advance Certificate in General Insurance 

 

Certification 

6 months 

Indian School of Business Management and Administration, Bangalore 

Advance Certificate in General Insurance 

 

Certification 

6 months 

R.K.S.D. (PG) College 

B.Com. in Insurance 

UG 

3 years 

Gujarat University 

Post Graduate Diploma in Financial Markets and Insurance 

PG Diploma 

1 year 

Amity University, Mumbai 

Post Graduate Diploma in General Insurance 

PG Diploma 

1 year 

Loyola Institute of Business Administration 

Executive Diploma in Insurance Management 

PG Diploma 

1 year 

AIMS Institutes 

Master of Business Administration (MBA) 

PG 

2 years 

Institute of Insurance and Risk Management 

International Post Graduate Diploma in General Insurance (IPGDGI) 

PG Diploma 

6 months 

National Insurance Academy- NIA 

Post Graduate Diploma in Management (PGDM) 

PG Diploma 

2 years

Read More:

Colleges for MBA in General Insurance 

General Insurance Job Profiles & Salary Offered 

Some of the important job positions at which students of General Insurance can work are listed below:

Job Roles 

Description 

Average Salary in INR (per annum) 

Sales Representative 

Sales representatives are responsible for communications with existing and new clients and selling insurance policies, gathering information, and advising the clients.

INR 3.2 Lakhs

Customer Service Representative 

CSR is required to handle multiple tasks. They have to take incoming calls and provide information to the clients. 

INR 2.5 Lakhs

Actuary 

They play a key role in insurance companies by serving as analysts. Actuary manages the risk by maintaining the balance between exposure to the financial risk of the company and issuing policies. 

INR 10 Lakhs 

Asset Manager 

Asset Manager strategies to increase the asset returns.  

INR 6.9 Lakhs

General Insurance Top Recruiters

The pass-outs of this course can find employment in several insurance companies and financial institutions. Some of the top companies that hire General Insurance students are:  

  • Cholamandalam MS General Insurance  
  • Accenture 
  • HDFC Standard Life Insurance 
  •  ICICI Prudential 
  •  IFFCO-TOKIO 
  •  Kotak Life Insurance 
  •  Max New York Life Insurance 
  •  Reliance Life Insurance 

Read More:

Health Insurance Course Details

FAQs on General Insurance Course

Q. I have completed my 10+2 from the open institute. Can I enrol for the General Insurance course?

Ans. Yes, candidates can enrol for the General Insurance course provided they have completed 10+2 education from a recognised or statutory institute/board.

Q. How can I take admission to UG programme of General Insurance?

Ans. Candidates can take admission to B.Com in General Insurance course on a merit basis. Candidates must fulfil the basic eligibility criteria mentioned above.  

Q. Which are the entrance exams for General Insurance course?

Ans. Candidates applying for the PG programme of General Insurance must appear for the management exams on the basis of which candidates will be granted admission to the course. Some of the management entrance exams are CAT, CMAT, XAT, Karnataka PGCET.

Q. What are the career prospects after completion of the course?

Ans. After completion of the course candidates can opt for the various job roles: 
  • Sales Representative  
  • Customer Service Representative  
  • Actuary  
  • Asset Manager

Q. What is the maximum fee for the General Insurance course?

Ans. The maximum fee for the General Insurance course is INR 9.43 lakhs  

Q. What is the duration of the Diploma course?

Ans. The duration of the Diploma course varies between 6 months- 2 years.

Q. What are the required skillsets for general insurance?

Ans. Candidates must have numeracy, analytical, communication, and many more related skills. Also, they should have a strong convincing approach.

Q. Which are the top colleges for General Insurance courses?

A. Some of the popular colleges that offer General Insurance courses are:
  • Indian School of Business Management and Administration
  • Institute of Insurance and Risk Management
  • Amity University
  • Gujarat University
  • Loyala Institute of Business Administration

Q. What are the expected salaries after completing General Insurance courses?

A. The insurance graduates can work as Sales Representatives, Customer Service Representatives, Actuary, and Asset Managers and earn between INR 5 to INR 15 Lakhs.

Q. Which are the top recruiting companies for Insurance professionals?

A. The companies that usually hire Insurance professionals are:
  • HDFC Standard Life Insurance 
  •  ICICI Prudential 
  •  IFFCO-TOKIO 
  •  Kotak Life Insurance 
  •  Max New York Life Insurance 
  •  Reliance Life Insurance 

Q. What are the various degrees which students can pursue by students in Insurance courses?

A. The students can do undergraduate, postgraduate, diploma, degree, and certification courses in General Insurance.

Popular General Insurance Colleges in India

Following are the most popular General Insurance Colleges in India. Learn more about these General Insurance colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
1 Course
24.2 L
24 LPA

Banking, Finance & Insurance Applications open. Apply Now

4 Courses
540 - 27.5 K
8.62 LPA
75 K - 4.28 L
2.4 - 4.1 LPA
Ranked #3 Private University in India. Placement with Fortune 500 Companies
3.2 L - 10 L
3.75 - 7.25 LPA
BEST EDUCATION Brand by EconomicsTimes. LPUNEST-India's Largest Entrance Scholarship Test
6.75 L
4.9
2 Courses
2 L - 13.72 L
10.5 LPA

Popular Private General Insurance Colleges in India

3 Courses
2.95 L - 6.1 L
2.51 - 2.94 LPA
1.05 L - 3.75 L
3.5
1.8 L - 2.8 L
3.5
1 Course
24.2 L
24 LPA

Banking, Finance & Insurance Applications open. Apply Now

1 Course
89.7 K

Most Popular Courses

Following are the most popular General Insurance courses, based on alumni reviews. Explore these reviews to choose the best course in General Insurance.

Popular General Insurance UG Courses

Following are the most popular General Insurance UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular General Insurance PG Courses

Following are the most popular General Insurance PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

Popular Exams

Following are the top exams for General Insurance. Students interested in pursuing a career on General Insurance, generally take these important exams.You can also download the exam guide to get more insights.

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