Insurance and Risk Management

BY
TCS iON Digital Learning Hub , National Stock Exchange of India Ltd

Develop your expertise with different aspects of insurance products & knowledge of risks associated to understand the investment possibilities in this course.

Mode

Online

Quick Facts

particular details
Collaborators TCS
Medium of instructions English
Mode of learning Self study, Virtual Classroom
Mode of Delivery Video and Text Based
number of course credit 6

Course overview

The Insurance and Risk Management online certification course is provided by the TCS iON digital learning hub for the students who wish to learn about the nuances involved in the insurance principles for effective risk management. The learners of this course will discuss the concepts of premiums, claims, and the different procedures of insurance management.

The course study is guided by the academic mentor, Sumithra Ramesh(SRGA and Associates), and the industry professional, Pruthviraj Desai(Faculty and Trainer of BFSI). The participants of this online program are engaged with the virtual learning environment enabled with online resources, digital lectures, tutorials, practicals, and other methodologies to gain perspectives of the insurance industry. The Insurance and Risk Management certification training issues digital certificates for qualifying students at the end of the program while enabling them to earn six credit points. 

The highlights

  • Online course
  • Six credits
  • English medium
  • Mentors
  • Internship 
  • Job assistance
  • Digital certificate

Program offerings

  • Online resources
  • Digital lectures
  • Online tutorials
  • Practicals
  • Academic connect community
  • Industry connect community
  • Practice assessments
  • Summative assessment
  • Assignments
  • Credit points
  • Digital certificates

Course and certificate fees

certificate availability

Yes

certificate providing authority

TCS iON

Who it is for

The ‘Insurance and Risk Management’ online certification is developed for the commerce students and bank and insurance executives such as bank managers, bank clerksinsurance agents, and insurance analysts.

Eligibility criteria

The students interested in applying for the ‘Insurance and Risk Management’ course are required to have knowledge of the concepts of Commerce.

Certificate qualifying details

The students of the ‘Insurance and Risk Management’ online course will receive the certificate after completion of the course fulfilling the following criteria,

In the summative assessment, students should score equal to or more than 40% in part A, equal to or more than 50% in part B with a final average of 50% to get the certificate of achievement.

Students who don’t take the summative assessment but manage to complete the course, assignments, and practice assessments can receive the participation certificate.

What you will learn

Risk management Financial knowledge Knowledge of insurance field Knowledge of taxation

The Insurance and Risk Management certification syllabus helps the students acquire a detailed understanding of the fundamentals of insurance, processes involved in insurance policies and claims, the risks and challenges associated with insurance, and the investment possibilities. It gives the learners knowledge of insurance products while discussing the mandatory products and non-mandatory products, and the strategies to understand insurance contracts with the techniques of risk management. 

The syllabus

Introduction to Insurance

  • Definition of insurance
  • How insurance works
  • Two concepts
  • Insurance Act
  • Insurance regulatory and development authority
  • Insurance advertisement and disclosure regulations
  • Protection of policyholders interest regulations
  • Third-party administrators - health insurance

Fundamentals of Risk Management

  • Definition of risk
  • Classification of risks
  • Definition of risk management
  • Stages of risk management

Insurance Contract, Terminology, Elements and Principles

  • Introduction
  • Contract terminology
  • Elements of a valid contract
  • Distinguishing characteristics of insurance contracts
  • Common clauses and sections in an insurance contract

General Insurance

  • Classification of insurance
  • Classification of non-life insurance
  • Types of property insurance

Personal and Liability Insurance

  • Personal insurance
  • Mediclaim policy
  • Group mediclaim policy
  • Personal accident insurance and travel insurance
  • Liability insurance
  • Employers' liability insurance
  • Public liability insurance and unemployment insurance
  • Professional indemnity insurance
  • Product liability insurance

Financial Planning and Life Insurance

  • Term insurance
  • Types of term life insurance
  • Whole life insurance
  • Endowment policy
  • Child insurance policy
  • Annuities
  • Group insurance
  • Industrial life assurance
  • Life insurance premium and tax benefits

Insurance Intermediaries

  • Introduction
  • Individual and institutional agents
  • Broking regulations
  • Indian insurance market

Admission details

The course registration for the ‘Insurance and Risk Management’ by TCS iON digital learning hub is done online through the website.

Step 1: Get to the course page using the link,

https://www.tcsion.com/courses/industry-honour-course/insurance-and-risk-management/

Step 2: Choose the ‘Activate Now’ link.

Step 3: Enter the required details and create the account.

Step 4: Follow the instructions to join the program.


Filling the form

The students of the ‘Insurance and Risk Management’ online training can apply for the course by signing in to the course account by entering their name, email address, and phone number.

Evaluation process

The students of this certification program are required to pass the summative assessment to get the ‘Insurance and Risk Management’ certificate of achievement.

How it helps

The Insurance and Risk Management certification enables students to gain competence to understand the details of insurance management and to determine the challenges and risks associated with insurance products and policies. The certification helps the students get possibilities for internships and jobs.

FAQs

Which institute offers the ‘Insurance and Risk Management’ certification course?

The certification is provided by the TCS iON digital learning hub.

What are the prerequisites for the ‘Insurance and Risk Management’ online certification course?

The applicants should have a background in commerce.

Who are the mentors for the ‘Insurance and Risk Management’ online training?

The course is guided by academic and industrial experts Pruthviraj Desai(Faculty and Trainer of BFSI) and Sumithra Ramesh(SRGA and Associates).

Can I get a course completion certificate for the ‘Insurance and Risk Management’ classes?

You can get the certificate of participation after completing the program, assignments, and practice assessments.

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