Diploma in Insurance

Hi readers! In this post, we will deal with a Diploma certificate program that is related to the field of insurance services. Here, we will have an in-depth analysis of Diploma in Insurance course.

Diploma in Insurance

This course is also known by the short name of DIN. This course is also known by other names such as – Diploma in Insurance Services and Diploma in Insurance Management. You may also check – mutual fund agent training course.

 

Though the course names are slightly different from each other, they share the same course content (almost). It is an ideal training program for 12th pass students who want to build an entry level career in insurance services sector.

 

In this post, you will find all the important details that you need to know about Diploma in Insurance course. Here, I’ve covered the following topics – duration, eligibility criteria, colleges, scope, fees, admission process, career prospects and more.

 

Colleges, scope, admission process and career prospects – all the important details have been covered in this post.

 

Here is a quick overview of DIN course –

Name of the course DIN (Diploma in Insurance)
Type of course Diploma
Field Insurance
Duration 1 year
Eligibility Completed 12th standard (work experience may be required)

 

As I mentioned before, it is a Diploma certificate program. Students who have passed 12th standard are eligible to pursue this course.

 

What is DIN course all about? What is it like to pursue this course? Will I get a good job after completing this course? You will find answers to these questions in the next section. Here it is –

 

Diploma in Insurance: An Introduction

It is a Diploma certificate program. It means that after completing this training program, successful candidates will obtain a certificate of completion from relevant body/certifying authority.

 

This Diploma course revolves around insurance services and its allied sectors. What is insurance sector all about, you may ask. In the next section, you will find basic details about this domain. Let us start –

 

In simple terms, insurance is a means of protection from financial loss. It uses a hedge against the risk of a contingent, uncertain loss.

 

Let’s check out some important terms related to insurance industry. Here they are –

  • Insurer: The entity which provides the insurance is known as the insurer or insurance company.
  • Insured: The person or entity who buys the insurance is known as the insured or policyholder.

 

With time, insurance sector has evolved. There are different types of insurances. Some of the prominent ones are –

  • Health insurance
  • Automobile insurance
  • Loan insurance
  • Property insurance
  • Business insurance
  • Life Insurance
  • Travel insurance
  • And more….

 

Insurance sector is known to employ different types of professionals. For example, a typical insurance company employs MBA Degree holders, CAs, analysts, finance managers, insurance agents, customer service professionals etc.

 

In order to land a high-flying job in this sector, you’d need an advanced and relevant Degree such as an MBA, CA, Statistics etc. But in order to land an entry level job (such as insurance agent or customer service professional), a course like DIN will be of help to you!

 

The main aim of DIN course is to develop a skilled workforce of entry level insurance sector workers in India. Come, let us take a closer look at the course details. In the next section, you will find the following details – duration, eligibility criteria, admission process, colleges, fees and more.

 

Course details

 

Type of course

It is a Diploma certificate course.

 

Duration

The course is one year long.

 

Eligibility criteria

Minimum educational qualification required to pursue this course is – completed 12th standard from a recognized board.

 

Colleges

Here are some of the popular colleges offering this course in India –

  • Insurance Institute of India
  • Dr Babasaheb Ambedkar Open University
  • NIOS

 

Admission process

Reputed institutes select deserving candidates through selection tests or interviews. Deserving candidates are selected on the basis of their performance in the test or interview. Some colleges are also known to carry out donation based and direct admission process.

 

Fees

Course fees depends upon factors such as – type of training institute, scholarship status of the candidate and course duration. Govt institutes charge 1-5K INR for this training program.

 

Syllabus

Here are some of the popular subjects present in the curriculum –

  • Communication skills
  • Customer service management
  • General insurance
  • Personal insurance
  • Insurance services
  • Insurance management

 

Career prospects

After completing this course, you will be able to find work at the following places – insurance companies, insurance management firms and other relevant financial institutes. After completing this course, one will have access to job profiles such as – insurance agent, customer service agent etc.

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