Life Insurance
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New answer posted
a year agoContributor-Level 10
National Insurance Academy- NIA is the only college offering a Post Graduate Diploma in Management (PGDM) in Life Insurance on online mode. It is a 2-year program, with a course fee of INR 11 Lakh.
New answer posted
a year agoContributor-Level 10
National Insurance Academy in Pune has the highest placement record in India with the placements in 2023 stood at INR 13 LPA. The NIA Pune highest package offered was INR 18 LPA and the average package stood at INR 12.50 LPA. The median package for the 2023 drive was INR 13 LPA.
New answer posted
a year agoContributor-Level 10
Hello, yes You can pursue a PGDM in Life Insurance after completing your BA. Many PGDM programs accept candidates from various educational backgrounds, including arts. Just ensure you meet the specific eligibility criteria of the institutions you're considering.
New answer posted
a year agoContributor-Level 10
Hello, Mathematics is undoubtedly an important subject when it comes to any Insurance course or career pursuit. However, there are some base-level Life Insurance courses you can go for that doesn't require Mathematics. Meanwhile, you can also check out Life Insurance Online Courses & Certifications for more options.
New answer posted
a year agoContributor-Level 10
Here are some top Life Insurance courses you can opt for:
- PG Diploma in Certified Risk and Insurance management
Duration: 3 years (regular), 2 years (accelerated)
Eligibility: Graduation (for regular), Post Graduation (for accelerated) - Certificate Course in Intermediaries in Specific Insurance Subjects
Duration: 3 months
Eligibility: Graduation - Course for Insurance Agents
Duration: 50-100 hours
Eligibility: Class XII - Courses for Insurance Managers
Duration: 1 year
Eligibility: Graduation - PG Diploma in Insurance and Risk Management
Duration: 1 Year (regular), 18 months (part time)
Eligibility: Graduation/C.A. - PG Diploma in Insurance Science
Duration: 1
New answer posted
a year agoContributor-Level 10
Hello, a Life insurance course will teach you a variety of aspects, including:
- Insurance Basics: The fundamentals of insurance, including types of policies, how to read policy language and claim procedures.
- Actuarial Mathematics: How to calculate premiums and reserves using actuarial mathematics.
- Software Training: How to use industry-specific software like Guidewire or Insurity.
- State-Specific Regulations: State-specific insurance regulations and licensing requirements.
- Fraud Detection: Methods for detecting insurance fraud in claims investigations.
- Catastrophe Modelling: Catastrophe modelling for natural disaster risk assessment.
New answer posted
a year agoContributor-Level 10
Here are some skills you'll need to possess if you want to make your career in the Life Insurance industry:
- Communication: Being able to communicate clearly and honestly with customers is important for building trust and developing long-term relationships.
- Customer Service: Being able to respond to customer inquiries quickly and help resolve issues is essential.
- Ethical Conduct: Being honest and trustworthy is important so that customers feel they can rely on you.
- Product Knowledge: Understanding the products and how they fit into a client's financial situation is important.
- Sales Skills: Negotiation, active listening, and relationship
New answer posted
a year agoContributor-Level 10
Term life insurance differs from permanent life insurance in several ways but tends to best meet the needs of most people looking for affordable life insurance coverage. Term life insurance only lasts for a set period and pays a death benefit should the policyholder die before the term has expired.
Meanwhile, permanent life insurance, stays in effect as long as the policyholder pays the premium. Another critical difference involves premiums: term life is generally much less expensive than permanent life because it does not accumulate cash value.
New answer posted
2 years ago
Scholar-Level 17
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New answer posted
2 years ago
Scholar-Level 17
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