Updated on Jan 13, 2022 11:34 IST
Manashjyoti Hazarika

Manashjyoti HazarikaManager Content

A popular law specialisation, Insurance Law revolves around the practice of law related to insurance, which includes insurance policies as well as claims. Insurance Law can be broken down into three categories which include regulation of the business of insurance, regulation of claim handling and regulating the content of insurance policies.

Aspirants can pursue undergraduate (UG) as well as the postgraduate (PG) level programmes in the field of Insurance Law. In UG level courses candidates need to pursue integrated law programmes wherein after completing a basic graduation degree they can specialise in Insurance Law whereas in a PG level law course aspirants can straight away specialise in Insurance Law. Some popular PG level courses in Insurance Law are – LLM in Insurance Law, MA in Business Law with specialisation in Insurance, Banking and Financial Services and the likes.

Apart from degree programmes, candidates can also pursue diploma programmes or certificate courses in the field of Insurance Law. Some of these popular courses are Certificate Course in Insurance Laws, Post Graduate Diploma in Taxation and Insurance Laws, Diploma in Insurance Law etc.

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Required Skillset for Insurance Law

Candidates who want to pursue a course or career in the field of Insurance Law should be well-versed with every aspect of insurance and financial sector of the economy. Some key skills that an aspirant should possess in order to be successful in the field of Insurance Law are as listed below:

Good at written communication


Hard working

Possess good analytical and logical reasoning

Knowledge of legal procedure

Ability to assimilate and analyse facts

Ability to work in a team

Good organisational skills

Clarity of speech

Good time management skills

Good judgement of situation/ people


Ability to work long hours

Possess objectivity

Good at research

Possess knowledge of technology



Good convincing power

Good presentation skills

Insurance Law Eligibility Criteria

The eligibility criteria for an Insurance Law course may vary from college to college. Candidates who want to apply for a five year integrated course with Insurance Law as a specialisation meet the eligibility criteria for the course if they have completed their Class 12 or equivalent education from a recognised board with passing marks.  

The eligibility criteria for Insurance Law course offered at the PG level is such that candidates should have completed a five year integrated law course or possess an LLB/ equivalent degree.  

Course Curriculum for Insurance Law

The subjects/ topics taught as part of Insurance Law course may vary from college to college. Aspirants can go through course curriculum of PG level Insurance Law programmes offered at colleges in India below:

Insurance Law PG Courses

Course Name


MA in Business Law with specialisation in Insurance, Banking and Financial Services

  • Introduction to Law and Legal Systems
  • Commercial Contracts, Drafting & Negotiation
  • Business Structuring, Accountancy & Law Taxation
  • Corporate Governance and CSR
  • Business Centric Dispute Resolution
  • Banking Law
  • Insurance Law
  • Regulation of Technology based Payment Method
  • Corporate Finance, Investment Laws & Compliances
  • Legal Risk Management, Sectoral Regulatory


Apart from the above mentioned courses, candidates can also go through the syllabus of Diploma courses in Insurance Law below:

Insurance Law Diploma & Certificate Courses

Course Name


Certificate Course in Insurance Laws

  • Meaning And Scope Of Insurance
  • Insurance Acts
  • Other Related Legislations

Post Graduate Diploma in Taxation and Insurance Laws

  • Income Tax -I
  • Corporate Tax
  • Central Sales Tax
  • Central Excise - I
  • International Trade and Customs Duty
  • Income Tax -II
  • Assessment of Specified Entities and Assessment Procedures
  • Value Added Tax
  • Central Excise &Service Tax
  • Customs Duty – II
  • General Principles of Law of Insurance
  • Recent Trends in Insurance
  • Lending by Banks and Recent Trends of Banking System in India

Diploma in Insurance Law

  • History and Growth of Insurance Business in India
  • Definition of Insurance
  • Insurance Contract-A Contract of Indemnity or Contingent Contract
  • Wager and Insurance
  • Principle of Utmost good faith
  • Kinds of Insurance
  • General Principle of Insurance
  • Rights and Liabilities of Insurer and Insured person
  • Life Insurance Contract – Nature and Scope
  • Establishment and Functioning of LIC
  • Purpose of compulsory insurance- Motor Vehicle Insurance and Rights of third parties
  • Burglary Insurance
  • Adjudicating Authorities of Insurance Claims
  • Powers and Functions of the Insurance Regulatory and Development Authority
  • Marine Insurance
  • Fire Insurance

Insurance Law Job Profiles

Candidates who pursue a UG level course with Insurance Law as a specialisation can either pursue a PG level law course with the same specialisation or they can even consider getting a job. One of the most popular job profiles after completing a course in Insurance Law is to become an Insurance Lawyer.  

Apart from this, candidates can also pursue other law job profiles after completing their Insurance Law course from a reputed college/ university. 

Popular Insurance Law Colleges in India

Following are the most popular Insurance Law Colleges in India. Learn more about these Insurance Law colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
1.3 L

#18 Outlook

3 Courses
19 L - 19.98 L
3.69 LPA

#25 NIRF


2 Courses
17.95 L
2 Courses
4.55 K - 10 K
43 K

Popular Private Insurance Law Colleges in India

3 Courses
19 L - 19.98 L
3.69 LPA

#25 NIRF

1.3 L

#18 Outlook

2 Courses
17.95 L


2 Courses
4.55 K - 10 K
43 K

Most Popular Courses

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

Popular Insurance Law UG Courses in India

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

UG Courses

Popular Insurance Law PG Courses in India

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

PG Courses


Which course is better in law?

Reply to Ritika Nath


Manik Tindwani

Beginner-Level 1

3 weeks ago

B.A. LL.B. (Hons. ). If the law aspirant wishes to attempt government examinations and B.Com. LL.B. (Hons) if the aspirant wishes to join the corporate world.

Harshita Kumari

Contributor-Level 9

3 weeks ago

Hello Ritika, After class 12th there are law course which are integrated such as B.A+LLB, B. BA+LLB, B.Sc+LLB. In all of the above-mentioned you can choose best one on basis of what your aim is and what was your background of class 12.

How to become an insurance lawyer in India after completing LLB?

Reply to Aparna


Chaitanya Kedia

Beginner-Level 4

a month ago

For that, you can do LL. M. and specialisation in insurance law.

Divya vani

Contributor-Level 10

a month ago

Listed below are some of the popular courses after B.A. LL.B. :
LLM. M.A. In Public Administration. M.A. Political Science/Sociology/History. M.A. Psychology. M.A. Criminology. M.A. Social Work. M.A. Masters of Business Law.

I would like to register for MHCET Law 2022?

Reply to Soubir Bhatt

Group Captain Vinayak Deodhar

Scholar-Level 18

a month ago

Hello! Soubir Bhat, online application form is expected to be released shortly. In the meantime, I am attaching a link that will give you all the required information. https://www.shiksha.com/news/mh-cet-law-2022-application-form-dates-stepwise-application-process-blogId-82767
Best wishes to you.

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