Health Insurance

Saumya JainAssistant Manager- Content
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.
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. A 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 is as follows:
- Candidates must have completed their bachelor’s degree in any discipline from a recognised university.
- Candidate must have scored at least 50 per cent aggregate or equivalent.
Health Insurance Course Skillsets
To be able to succeed in this profession, one must possess the following skills:
- Analytical skills
- Good industry knowledge
- Quick thinking
- Adaptability
- Excellent problem-solving skills
- Active listening
- Leadership skills
- Interpersonal skills
- Decision-making skills
- Staff management
- Attention to detail
- Good communication skills
Health Insurance Syllabus
Refer to the table below to know the Health Insurance syllabus:
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 |
Types of Health Insurance in India
Various kinds of Health Insurances 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 |
Health Insurance: Scope and Jobs and Salary
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 specialities as Consultants in Health Insurance companies, hospitals and corporate organisations. The course enhances the knowledge and skills in Health Insurance and other concepts which are applicable to the healthcare and insurance industry.
Job Prospects and Salary
Refer to the table below to know the job prospects and salaries of the students who pursue Health Insurance course:
Job Profile |
Average Salary in India (in INR)* |
---|---|
Advisor |
2.3 LPA |
Sales Manager |
3.5 LPA |
Consultant |
2.2 LPA |
Insurance Investigator |
4.5 LPA |
Claims Adjuster |
3 LPA |
Health Insurance Specialist |
6.5 LPA |
Head of Operations and Insurance |
15 LPA |
*the salary data is taken from ambitionbox.com
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 Recrutier |
|
---|---|
1. National Insurance Co. Ltd. |
2. Bajaj Allianz General Insurance Co. Ltd. |
3. The New India Assurance Co. Ltd. |
4. HDFC Ergo |
5. Future Generali India Insurance Co. Ltd. |
6. Iffco Tokio |
7. The Oriental Insurance Co. Ltd. |
8. SBI General Insurance Co. Ltd. |
9. Aditya Birla Health Insurance Co. Ltd. |
10. MAX Bupa Health Insurance Co. Ltd. |
11. Star Health and Allied Insurance Co. Ltd. |
12. United India Insurance Co. Ltd. |
13. Manipal Cigna Health Insurance Company Limited |
14. Care Health Insurance Ltd. |
FAQs on Health Insurance
Q: What is Health Insurance?
Q: Which are the types of Health Insurance in India?
Q: Who can pursue Health Insurance course in India?
Q: Which are the top Health Insurance colleges in India?
Q: Can I pursue a certificate course in Health Insurance in India?
Q: What does a Health Insurance professionals do?
Q: What is the average salary of a Health Insurance Specialist in India?
Q: What are the career opportunities after pursuing Health Insurance course?
Q: Who are the top recruiters for Health Insurance professionals in India?
Q: Which are the skillsets required by Health Insurance professionals?
Q: What is the future of Health Insurance industry?
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