Certificate in Insurance Services: Admission, Colleges, Syllabus, Scope and Salary 2023

Certificate in Insurance Services is a full time certification program that deals with the basic fundamental principles of insurance. The duration of the program can be six months or one year. It depends on the rules followed by the college and the course you choose.

See more: Certificate in Insurance Services Colleges in India

A higher secondary pass (10+2) or equivalent examination in Arts or Science or Commerce is the minimum eligibility to take up the certification program.

There is no entrance exam or common test conducted for the Insurance courses. Candidates are selected purely based on the merit in the 10+2 examination. A merit list is released by all the institutes and so students can follow for their admissions.

The average fee for the Certificate in Insurance Services program ranges between INR 1000-5000.

On successful completion of the course candidates can get employed in different professionals. With the increasing population, Technologies and Opportunities career options in the insurance sector have been increasing enormously. Almost 30-50 insurance companies are there in India.

Certificate in Insurance Services: Course Highlights

Course level	Certification
Duration	6 months to one year
Examination Type	End term examination, Project works and Viva Voce
Eligibility	10+2 pass in Arts or Commerce or Science
Admission Process	Merit based
Course Fee	INR 1,000 to INR 5,000
Average salary	INR 1,50,000 to INR 5,00,000
Top Recruiting Companies	Government Companies, Private Companies and Own Business
Job Positions	Insurance agent, insurance advisor, insurance claim adjuster, sales agents.

Admission Process

Certificate in Insurance Services: Admission Process

There is no common test or entrance exam conducted for the course. Since it is a certification program the students are purely selected based on the merit.

The willing students must be attentive about the notifications of the program.
As the course is a certification program limited seats are available.
Students can apply through online or offline. Besides the 12th grade candidates must have to fulfill the requirements as instructed by the college.

Certificate in Insurance Services: Eligibility Criteria

The students seeking for admission must qualify in the following.

Candidates must have passed in 10+2 or its equivalent from a recognized board. It can be from the streams Arts/ Commerce/ Science.
Also the Graduates and agents willing to seek a career in the insurance sector are eligible to apply and take up the course.

Certificate in Insurance Services: How to Get Admission in the Top College?

Some of the top most Institutes conduct entrance examinations for selecting the students. In that case it is better to know the syllabus and other topics required to appear for the exam. Prepare well and give your best for the exam.
Prepare a time table and complete the entire syllabus. Make sure you cover all the important topics and revise them at least once. With your hard work, good preparation and strong determination you are definitely going to get a seat in the desired college.
And some colleges select the candidates purely based on the merit. There is no common entrance test conducted for the students. So based on the marks in higher secondary education you will be selected.

What is it About?

Certificate in Insurance Services: What is it About?

Certificate in Insurance Services provides the students with knowledge regarding the insurance sector.

They are trained in procuring self confidence, social, outgoing, helpful and convincing skills. From the basic fundamental principles of insurance to different coverage areas everything related to the insurance sector is explained and taught clearly.
Covering the classroom study with all the core subjects and acknowledging the key responsibilities of the agents the students can prepare and modify themselves to professionals.
The curriculum along with the academics involves projects, case studies and assignments. Moreover, the assignments related to the problems in the field brings good exposure to the workings in the insurance sector.

Why Study?

Why Study Certificate in Insurance Services?

This certification provides information on specific insurance coverage.

It includes types and limits of coverage, insurance company, policy number, name insured and the policies effective periods.
The course is a reliable source of information or proof of insurance or coverage.
If you are looking forward to a career in the insurance industry this course is very useful and it provides enormous knowledge to help you survive successfully in the competitive industry.
All the jobs are involved with a minimum salary package of INR 3,00,000 to INR 12,00,000. Based on the job role, company and experience the salary varies.
But with this certification in the Insurance course helps you find ample opportunities and a successful career.

Certificate in Insurance Services: Course Comparison

Certificate in Insurance Services and Certificate course in Banking are part of similar field but the difference are listed below:

Course	Certificate in Insurance Services	Certificate Course in Banking
Course level	Certification	Certification
Duration	6 months to one year	6 months to one year
Overview	It aims at providing candidates with skills required in the Insurance sector and turning them into professionals meeting global standards.	The course imparts knowledge about the basic fundamentals and principles pertaining to the banking sector. This prepares students in building a good base as future bankers
Examination Type	End term examination, Project works and Viva Voce	End term examination, Project works and Viva Voce
Eligibility	10+2 pass in Arts or Commerce or Science	10+2 pass in Arts or Commerce or Science
Admission Process	Merit based	Merit based
Course Fee	INR 1,000 to INR 5,000	INR 4,500 to 20,000
Average salary	INR 1,50,000 to INR 5,00,000	INR 1 to 3 LPA
Top Recruiting Companies	Government Companies, Private Companies and Own Business	SBI, HDFC, ISBC, Co-operative Banks, Wipro Technologies , Wipro, Infosys, Tata Motors, EXL Services, Tata Motors, CMC Limited, TCS, Jaro Education, HDFC Bank, Sap labs, Concentrix, Tech Mahindra , Karvy Group, etc.
Job Positions	Insurance agent, insurance advisor, insurance claim adjuster, sales agents.	Junior Accountants, Accounts Assistant, Sales Manager, Sales Executive, etc.

Top Institutes

Certificate in Insurance Services: Top Institutes

Institution	Average Course Fee	Average Placement Package
JSS College Arts, Science & Commerce	INR 1,400	INR 3,00,000
Nalanda University	INR 1,325	INR 5,00,000
Vinayak Rao Patil Mahavidyalaya	-	INR 1,62,000
Amity School of Insurance and Actuarial Science	-	-
Government Degree College for Boys	INR 3,000	INR 3,16,000
Silver Jubilee Degree College	INR 1,500	INR 4,50,000
Mahatma Gandhi University	-	INR 1,00,000

Certificate in Insurance Services: College Comparison

Below given is the college comparison of the top colleges offering Certificate in Insurance Services courses in terms of several parameters like overview, ranks, fees, location, salary and the top Recruiters.

College	Institute of Insurance and Risk Management	Institute of Actuaries of India	Insurance Institute of India
Overview	The college offers an insurance program combining formal learning with practical nuances. It was established in the year 2002 and has grown vastly into a dedicated institution.	The Institute provides clarity about the Techniques, problems and risk involved in the Insurance industry. It was established in the year 1944	The institution promotes education and gives training relative to the field of insurance industry. It has become one of the leading institutions since 1955.
Location	Hyderabad	Mumbai	Mumbai
Admission Process	Entrance based	Entrance Based	Entrance Based
Average Fees	INR 2,70,000	INR 1,50,000	INR 1,00,000
Average Salary	INR 3,00,000	INR 5,00,000	INR 3,00,000

Syllabus

Certificate in Insurance Services: Syllabus

Entire Curriculum of the program is designed to enhance the students with knowledge and skills. This includes the basic fundamentals, analytics and further skills regarding the insurance sector. Students can excel with the technical and practical knowledge through this course required to have a wonderful career ahead.

Paper	Subject	Description
Paper I	Insurance Concepts and Laws	Detailed study of the concepts applied to various sectors of Insurance, regulations and norms required to be followed in case of Understatements and claims
Paper II	Insurance Principles	Principles, fundamentals and Theories of Principles.
Paper III	Life Insurance or General Insurance	Risk and it's management, Difference between life insurance and general insurance, benefits and returns.

Job Profiles

Certificate in Insurance Services: Job Profiles

On the completion of Certificate in Insurance Services, the list of job areas candidates can choose and opt for are as follows.

Job Position	Job Description	Average Salary
Sales Agent	The person sells Insurance policies. Meeting the clients the sales representatives explain the importance of policy and help the clients get more protective and ensured insurance	INR 2,50,000
Insurance Agent	The agents are responsible for identifying sales opportunities for insurance plans and overseeing the portfolio of clients.	INR 2,55,000
Insurance Clerk	This job deals with processing insurance Applications from customers and updating existing customer policy records. The clerk's often work directly with the insurance agents and report about the work.	INR 2,88,000
Insurance Claim Adjuster	They collect information from various resources to determine Insurance liability based on the extent of property damage. Consulting the specialists the witnesses and claimants are collected.	INR 5,00,000
Policy Advisor	They provide financial advice to the clients on retirement planning, investing and avoiding the risks. By clearly knowing the risk analysis and other assets the clients can stay financially stable.	INR 3,00,000
Insurance Investigators	The job deals with assessing the claims to identify the instances of criminal activity or Insurance fraud. Reviewing paperwork, interviewing witnesses and reviewing surveillance footage are also involved as a part of the work.	INR 3,50,000
Risk Management Agents	They provide hands-on Development of risk models involving market, credit and operational risk. With the control they further provide research and Analytical support.	INR 5,00,000

Future Scope

Certificate in Insurance Services: Future Scope

Candidates have lots of employment opportunities and options in the insurance sector.

Many private players as well as the multinationals have been showing interest in the insurance sector. With the increasing popularity and demand, career opportunities have grown manifold.
Or candidates can opt for BBA Insurance, BCom Insurance Management, or BCom Banking and Insurance.

FAQs

Certificate in Insurance Services: FAQs

Ques. What is the course duration of Certificate in Insurance Services?

Ans. The Certificate in Insurance Services program has a duration of six months or one year based on the instructions followed by the institutes.

Ques. Is there any Entrance exam for admission to the Certificate in Insurance Services course?

Ans. No, there is no common test conducted at State or National level for admissions into the program. Besides some institutes may conduct an entrance test for admission into their college.

Ques. What is the educational qualification required for admission to the Certificate in Insurance Services course?

Ans. For the Certificate in Insurance Services course, candidates must have passed 10+2 or it’s equivalent from a recognized board with minimum pass percentage. From the streams Arts or Commerce or Science.

Ques. What is the admission procedure for admission to the Certificate in Insurance Services course?

Ans. Few colleges admit students based on merit and few colleges conduct entrance exams. Candidates can visit the official website of college and go through the process for admission.

Ques. What is the average fee for the course Certificate in Insurance Services in Indian colleges/ Universities?

Ans. The average fee to pursue this program ranges from INR 1,000 to INR 5,000 depending on the college or University you wish to join at.

Ques. Name the top companies I can choose to pursue?

Ans. Some of the government insurance companies are Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC) and Postal Life Insurance. ICICI Prudential, Om Kotak Mahindra, Birla Sun-Life, Tata AIG Life, Reliance, HDFC Standard Life-Insurance Co., Max New York Life, SBI Life Insurance, ING Vysya Life etc. are the top companies in the private sector.

Ques. What can I do after completing the Certificate in Insurance Services course?

Ans. After completing the course you can find jobs at insurance companies, insurance management firms and other financial institutes. Further you can also continue other Diploma and Postgraduate level programs and courses in Insurance.

Ques. What are the skills required to have and possess to excel and have a bright future in the Insurance sector?

Ans. The candidates who are good listeners, comfortable in taking risks and have self confidence can do the work efficiently. Moreover the ability to convince, helpful, social and outgoing nature helps you to find more clients and help them with the insurance policies.

Ques. Do I have to do any course along with this certification program?

Ans. No, on the completion of this course you will be able to start pursuing your career. There is no need to do other courses in particular. With the 12th Qualification and the certification you can find lots of opportunities in the Insurance sector. Instead you can continue higher studies in Post Graduate level.