Fundamentals of Insurance and Risk Management

Insurance and Risk Management introduces students to the basic concepts of Insurance in general and educates them about various types of Insurance. It also provides information about fundamental principles of insurance, and discusses in detail about various types of Insurance. The student will also learn about insurance as a career option, ways to become an insurance agent and various agency laws that govern the whole system.


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Insurance and Risk Management introduces students to the basic concepts of Insurance in general and educates them about various types of Insurance. It also provides information about fundamental principles of insurance, and discusses in detail about various types of Insurance. The student will also learn about insurance as a career option, ways to become an insurance agent and various agency laws that govern the whole system.

By the end of this course, students will also learn basics of legal system around this particular sector and the most popular acts that govern the system. Detailed overview about the history of insurance in India has been provided and the evolution of the industry up until Insurance Regulatory and Development Authority came into existence. Details about the powers, duties and functions of IRDA are provided to ensure that the student learns about various rules and regulations.

Course Objectives

  • Describe the basic concepts of insurance
  • Explain the meaning and concept of risk management
  • Discuss important terms and essential requirements of an insurance contract
  • Describe the different types of life insurance policies
  • Discuss business insurance
  • Explain the IRDA Act, 1999

 

Learning Outcomes

  • Discuss the importance and nature of insurance
  • Identify the characteristics of risk
  • Analyse the essentials of a valid contract
  • Differentiate between the various types of life insurance policies
  • List the nature and importance of business insurance
  • Identify the duties, powers and functions of the IRDA

Who Should Attend?

Any Graduate

Learning Access

  • Handbooks
  • Lecture Slides
  • Videos
  • Quizzes

Course Duration

12 Weeks / 30 Hours

Examination

Exam Duration

90 Minutes

Number of Questions

45

Total Marks

100

Types of Questions

Multiple Choice Questions

Pass Percentage

50% (min)

Exam Pattern

Online

 

 

 

 

 

 

 

 

 

Certification

After completing this course and successfully passing the certification examination, the student will be awarded the    “Fundamentals of Insurance and Risk Management” certification.

If a learner chooses not to take up the examination, they will still get a 'Participation Certificate' from iNurturePro.

  • Fundamentals of Insurance
  • Risk Management
  • Insurance Contract
  • Legal Liability
  • Introduction to Life Insurance
  • Insurance Claim
  • Health Insurance and Accident Insurance
  • Business Insurance
  • Law Regarding Insurance Companies in India
  • Insurance Agents and Brokers
  • 30 hours of high-quality eLearning (Self-paced)
  • End module assessments
  • 24x7 Online LMS

After the successful completion of this course, applicants can look for opportunities as:

  • Manager Risk Management
  • Project Manager
  • Business Analyst
  • Risk Management Analyst
  • Fraud Analyst
  • Credit Analyst
  • Risk Management Executive
  • Associate
  • Management Trainee