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

Updated on Nov 9, 2023 01:22 IST
Pragati Singh

Pragati SinghSenior Executive - Content

A Health Insurance course is a program of study that teaches students about the different aspects of health insurance, such as, What is health insurance and how it works. 

With a rapid increase in the demand for healthcare needs, the Health Insurance sector is undergoing massive changes and restructuring. There is a boost in the growth of the Health Insurance sector and hence the demand for professionals in the Health Insurance domain has also increased. Health Insurance professionals are needed to cater to the increasing demand of the industry. The Health Insurance professionals are exposed to the fundamentals of the Health Insurance industry and are trained to deal with the operational details.

To be eligible for Health Insurance certificate courses, candidates need to have a bachelor’s degree in any discipline with at least 50 percent aggregate or equivalent. Some of the top entrance exams for Health Insurance are NMAT, SNAP, XAT and MAT etc. Moreover, some of the top colleges for Health Insurance certificate courses are Indian School of Business Management and Administration, Bangalore; Indian School of Business Management and Administration, Hyderabad; Nalanda Open University and Symbiosis School for Online and Digital Learning etc.

Health Insurance Latest Updates

Health Insurance Course Details: Highlights

This course is designed to introduce you to the fundamental concepts of Health Insurance and to help you develop the skills you need to apply these concepts to real-world problems. This course covers a wide range of topics, such as:

Particulars

Details

Course Levels

PG and Diploma Certificates

Eligibility

  • Bachelor’s degree in any discipline from a recognised university.
  • 50 percent aggregate or equivalent.

Course Fees

INR 2,200 - 40,000

Entrance Exam

CLAT UG, IPUCET, LSAT India, KALSEE

Top Colleges

Indian School of Business Management and Administration, Hyderabad; Nalanda Open University and Symbiosis School for Online and Digital Learning etc.

Salary Range

INR 3 - 15 LPA

Top Recruiters

National Insurance Co. Ltd., HDFC Ergo, Care Health Insurance Ltd., United India Insurance Co. Ltd.

Job Positions

Insurance Billing Specialist, Insurance Verification Specialist, Claims Adjuster, and Actuary etc. 

Health Insurance Information You Might Be Interested In:

What is Health Insurance Course?

The Health Insurance course teaches about the key components of the healthcare sector and the economics behind their principles and pricing strategies. Health Insurance is a contract that typically pays for medical, prescription drug and surgical expenses incurred by the insurer. The objective of Health Insurance courses is to provide an insight into the principles and practices of Health Insurance. The course gives a strong foundation on the fundamentals of insurance concepts and the regulatory environment for Health Insurance. It also gives an in-depth understanding of the economics, marketing and operations of Health Insurance. 

The Health Insurance course exposes the students to healthcare policies and the latest healthcare technologies. The course primarily focuses on the healthcare industry and its various departments in public health and healthcare organisations. 

The course, whilst providing an insight into the healthcare industry, also gives an understanding of the working of the industry and enables the students to learn the operational side of the industry viz a viz how is the industry organised as well as key areas such as enrolment, claims and customer services. The course helps the students to delve deeper to specialised areas such as clinical quality, utilization management and pharmacy benefits management. The course also gives the opportunity to take a closer look at the regulatory side including federal and state regulations, ethics and compliance. Students get a chance to examine how health insurance products are priced, marketed and sold. 

Health Insurance Course Eligibility Criteria

The eligibility criteria for the Health Insurance course are as follows:

  • Candidates must have completed their bachelor’s degree in any discipline from a recognised university.
  • Candidate must have scored at least 50 percent aggregate or equivalent.

Health Insurance Information You Might Be Interested InBanking, Finance and Insurance Courses

Top Health Insurance Entrance Exams 2024

Health insurance courses can provide students with the knowledge and skills they need to succeed in this challenging but rewarding industry. If you're interested in a career in health insurance, you'll need to take at least one entrance exam. Some of the common and top entrance exams for Health Insurance courses are mentioned in the table below: 

Entrance Exams

Exam Dates

Exam Schedule

NMAT 

10 Oct '23 - 19 Dec '23

NMAT Schedule 

SNAP

10 Dec '23 - 10 Jan '24 

SNAP Schedule

XAT

7 Jan '24

XAT Schedule

MAT

Sep '24 (Tentative)

MAT Schedule

CAT

Nov '24 (Tentative)

CAT Schedule

Health Insurance Syllabus

Refer to the table below to know the Health Insurance syllabus, it covers the core subjects that are taught in the Health Insurance course:

List of Health Insurance Course Syllabus

Fundamentals of Insurance

Principles of Economics

Indian Insurance Industry

General Insurance Practice

Health Insurance

Health Insurance Practice

Health Insurance Marketing and Operations

Risk Management and Insurance

Health Insurance Claims

Human Anatomy

Insurance and Medical Terminology

Legal and Legislative Issues

Relevant Information on Health Insurance: Syllabus for Banking, Finance and Insurance

Types of Health Insurance in India

Various kinds of Health Insurance are offered in India. Check out the table below to know the types of Health Insurance in India.

Types of Health Insurance in India

Individual Health Insurance

Family Floater Health Insurance

Senior Citizen Health Insurance

Group Health Insurance

Health Insurance with Maternity Insurance

Critical Illness

Relevant Information on Health Insurance: Is BCom necessary to make a career in Banking & Finance?

Top Health Insurance Colleges

The health insurance industry is one of the largest and fastest-growing industries especially nowadays. As a result, there is a high demand for qualified health insurance professionals. If you are interested in a career in health insurance, there are a number of top colleges and universities that offer programs in this field.

Here are a few of the top health insurance colleges in India that are providing Health Insurance courses in India:

College

Tuition Fees

Indian School of Business Management and Administration, Bangalore

INR 5,900 - 7,900

Indian School of Business Management and Administration, Hyderabad

INR 5,900

Nalanda Open University 

INR 2.200

Symbiosis School for Online and Digital Learning

INR 40,000

Medvarsity

INR 13,400

B.N. Patel Institute of Paramedical and Science

NA

Top Health Insurance Online Courses and Certifications

Certificates in Health Insurance are usually pursued after completing a bachelor's degree, and there are many organisations and universities that provide Health Insurance online courses. Some of them are mentioned below: 

Why is Health Insurance Important?

Health insurance is an important financial protection tool that can help you cover the costs of medical care, both routine and unexpected. Some of the key reasons why Health Insurance is important:

  • Protection from medical expenses: Medical expenses can be very expensive, even for routine care. If you are uninsured, you could face financial hardship if you need to seek medical treatment. Health insurance can help to defray these costs and protect your financial security.

  • Financial security: In the event of a serious illness or accident, health insurance can help to prevent financial ruin. Medical bills can quickly add up, even with insurance, but having coverage can help to protect your savings and assets.

  • Protecting your family: Health insurance can also protect your family members. If you have dependents, such as children or spouses, they will also be covered by your health insurance plan. This can help to ensure that they have access to the care they need.

  • Preventative care: Health insurance often covers preventive care, such as annual checkups, vaccinations, and screenings for common diseases. This can help you stay healthy and detect potential health problems early on, when they are most treatable.

  • Access to quality care: Health insurance can give you access to quality care from a wider network of doctors and hospitals. This is because insurance companies negotiate with providers to lower their rates for insured members. Without insurance, you may have to pay more out-of-pocket for care and may have fewer options for providers.

Health Insurance Career, Job, Salary and Top Recruiters

The Health Insurance course will help the students build their careers in an ever-growing field of healthcare. The course also offers multiple opportunities to doctors and other healthcare professionals to pursue specialties as Consultants in Health Insurance companies, hospitals and corporate organisations. The course enhances the knowledge and skills in Health Insurance and other concepts that are applicable to the healthcare and insurance industry.

Health Insurance Job Prospects 

Refer to the table below to know the job prospects and salaries of the students who pursue Health Insurance courses:

Health Insurance Job Description Salary (INR)
Insurance Billing Specialist Processes bills for medical insurance companies using their accounting and analysis skills. INR 3-7 LPA
Insurance Verification Specialist Verifies and certifies the status of a patient's insurance coverage. INR 4-8 LPA
Customer Service Representative Answers customer questions and resolves issues related to health insurance policies and claims. INR 3-6 LPA
Sales Representative Sells health insurance policies to individuals and businesses. INR 4-8 LPA
Underwriter Assesses the risk of insuring individuals and groups and sets premiums accordingly. INR 5-9 LPA
Claims Adjuster Investigates and settles insurance claims. INR 5-10 LPA
Actuary Develops and manages insurance products and pricing. INR 6-12 LPA
Risk Manager Assesses and mitigates risks for health insurance companies. INR 7-15 LPA

*the salary data is taken from ambitionbox.com

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Health Insurance Top Recruiters

Health Insurance professionals are hired by various top insurance companies in India. Some of these are mentioned in the table below:

List of Health Insurance Top Recruiters

National Insurance Co. Ltd.

Bajaj Allianz General Insurance Co. Ltd.

The New India Assurance Co. Ltd.

HDFC Ergo

Future Generali India Insurance Co. Ltd.

Iffco Tokio

The Oriental Insurance Co. Ltd.

SBI General Insurance Co. Ltd.

Aditya Birla Health Insurance Co. Ltd.

MAX Bupa Health Insurance Co. Ltd.

Star Health and Allied Insurance Co. Ltd.

United India Insurance Co. Ltd.

Manipal Cigna Health Insurance Company Limited

Care Health Insurance Ltd.

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FAQs on Health Insurance

Q: What is Health Insurance?

A: Health insurance is a type of insurance that provides financial protection against the cost of medical expenses. In the event of illness, injury, or other health-related issues, health insurance helps to cover the costs of care, ranging from routine checkups to major surgeries. It acts as a safety net, ensuring that individuals can access the necessary medical attention without facing financial strain.

Q: Which are the types of Health Insurance in India?

A: There are majorly six kinds of Health Insurances in India, i.e. Individual Health Insurance, Group Health Insurance, Family Floater Health Insurance, Senior Citizen Health Insurance, Health Insurance with Maternity Insurance and Critical Illness. These Health Insurances can be described as follows:

Individual Health Insurance: It is the most common type of health insurance plan in India. It covers an individual's medical expenses, including hospitalization, doctor's consultations, and diagnostic tests.

Family Floater Health Insurance: It covers the entire family under a single health insurance plan. It is a more cost-effective option for families with multiple members.

Senior Citizen Health Insurance: It is specifically designed for senior citizens who are more likely to require medical care. It covers a range of expenses, including pre-existing conditions, hospitalization, and chronic diseases.

Maternity Health Insurance: It covers the expenses related to pregnancy, childbirth, and newborn care.

Critical Illness Insurance: It provides a lump sum payment in case of the diagnosis of a critical illness, such as cancer, heart attack, or stroke.

Senior Citizen Health Insurance: It is specifically designed for senior citizens who are more likely to require medical care. It covers a range of expenses, including pre-existing conditions, hospitalization, and chronic diseases.

Q: Can I pursue a certificate course in Health Insurance in India?

A: Yes, you can pursue a certificate course in Health Insurance in India. There are many institutions that offer these courses, both online and offline. Some of the institutions that provide online vertificate course on Health Insurance include: 

Q: What does a Health Insurance professionals do?

A: Health Insurance professionals can help a client enroll in a Health Insurance plan. They present the plans to the clients according to their needs. They help with medical claims and policies. Some of the key responsibilities of health insurance professionals are as follows:

  • Selling and marketing health insurance plans
  • Underwriting and risk assessment
  • Claims processing
  • Customer service
  • Regulatory compliance

In addition to these core responsibilities, health insurance professionals may also be involved in a variety of other tasks, such as:

  • Developing and implementing new health insurance products and services
  • Training and educating policyholders about their coverage
  • Advocating for policyholders' rights
  • Working with healthcare providers to improve care coordination and reduce costs

Q: What are the career opportunities after pursuing Health Insurance course?

A: Students who pursue Health Insurance course can opt for several career options, with wide range of salary expectations, Some of them are given in the table mentioned below: 

Health Insurance Job Salary (INR)
Insurance Billing Specialist INR 3-7 LPA
Insurance Verification Specialist INR 4-8 LPA
Customer Service Representative INR 3-6 LPA
Sales Representative INR 4-8 LPA
Underwriter INR 5-9 LPA
Claims Adjuster INR 5-10 LPA
Actuary INR 6-12 LPA
Risk Manager ₹7-15 LPA

Q: Which are the skillsets required by Health Insurance professionals?

A: Health insurance professionals need a variety of skillsets to be successful in their careers. These skillsets can be divided into three main categories:

Health insurance professionals need a variety of skillsets to be successful in their careers. These skillsets can be divided into three main categories:

Technical skills:

  • Knowledge of health insurance products and services: Health insurance professionals need to have a strong understanding of the different types of health insurance plans available, as well as the benefits and limitations of each plan.
  • Underwriting skills: Underwriters are responsible for assessing the risk of insuring individuals and groups. 
  • Claims processing skills: Claims processors are responsible for verifying and processing claims for healthcare services. 

Soft skills:

  • Communication skills: Health insurance professionals need to be able to communicate effectively with a variety of stakeholders, including customers, providers, and regulators. 
  • Problem-solving skills: Health insurance professionals need to be able to identify and solve problems quickly and efficiently. 
  • Customer service skills: Health insurance professionals need to be able to provide excellent customer service to their policyholders. 

Computer skills:

  • Proficiency in Microsoft Office Suite: Health insurance professionals need to be proficient in Microsoft Word, Excel, and PowerPoint. They may also need to be familiar with other software programs, such as claims processing software and underwriting software.
  • Knowledge of insurance databases: Health insurance professionals need to be able to access and use insurance databases to research policyholders, providers, and claims.
  • Ability to work with electronic health records (EHRs): Health insurance professionals may need to work with EHRs to access patient medical records.

Q: What is the future of Health Insurance industry?

A: The Health Insurance industry is expected to grow drastically in the future. The market worth of this industry is already over INR 15 crores. There are several reasons for this to happen, some of the are as follows:

The rise of Digital Health: Digital health technologies, such as wearable devices, telemedicine, and virtual reality, are transforming the way healthcare is delivered and managed. This is creating new opportunities for health insurance companies to provide innovative products and services that are more personalized and accessible to consumers.

The emergence of Artificial Intelligence (AI): AI is being used in a variety of ways to improve healthcare, including medical diagnosis, treatment planning, and claims processing. Health insurance companies are using AI to automate tasks, improve customer service, and develop new risk assessment models.

The increasing focus on Data and Analytics: Health insurance companies are increasingly using data and analytics to gain insights into their customers' health and healthcare needs. This data can be used to develop targeted marketing campaigns, personalize product offerings, and identify areas for improvement in their value proposition.

Q. Does the Insurance Institute of India provide any online courses regarding Health Insurance?

A. Yes, the Insurance Institute of India (III) does offer online courses related to Health Insurance. They offer a Post Graduate Diploma in Health Insurance (PGDHI), which can be completed in as little as 12 months. The course covers a wide range of topics, including health insurance products, underwriting, claims management, and risk management.

Popular Health Insurance Colleges in India

Following are the most popular Health Insurance Colleges in India. Learn more about these Health Insurance colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
1 Course
24.2 L
24 LPA
1.54 L - 4.28 L
2.4 - 4.1 LPA
Ranked #3 Private University in India. Placement with Fortune 500 Companies
2 Courses
14.5 L - 24 L
2.89 - 32 LPA
3.2 L - 10 L
3.75 - 7.25 LPA

Banking, Finance & Insurance Applications open. Apply Now

2 Courses
2 L - 13.72 L
10.5 LPA
2 Courses
13 L - 14 L
10.5 LPA

Popular Private Health Insurance Colleges in India

5 L
3.3

Banking, Finance & Insurance Applications open. Apply Now

2 Courses
1.33 L - 9.15 L
5 LPA

Banking, Finance & Insurance Applications open. Apply Now

2.7 L - 3.3 L

Banking, Finance & Insurance Applications open till Jul 30, 2024. Apply Now

1.8 L - 2.8 L
2.0
1.14 L
2.5 LPA
4.95 L
4.9

Banking, Finance & Insurance Applications open. Apply Now

Popular Health Insurance PG Courses in India

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

22 May ' 24 - 26 May ' 24

CFA 2024 Level II May Exam

28 Jun ' 24

CFA 2024 Level II November: Deadline to Register ...

15 Apr ' 24 - 21 Apr ' 24

AMU Entrance Exam 2024 Online Registrations for B...

21 Mar ' 24 - 16 Apr ' 24

AMU Entrance Exam 2024 Online Registrations for LLM

Mar '24 - Jun '24

LUACMAT Registration

TENTATIVE

Jul '24

LUACMAT 2024 Result Declaration

TENTATIVE
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