ABOUT THE COURSE
Profitable business and risk go hand-in-hand. Taking decisions for increased profitability undoubtedly comes with higher risks. There is a need for risk mitigation strategies that reduce organizational liability and maximize growth.
With risk, comes necessary insurance. The dynamics of insurance are changing with the changing business models and products, and the insurance industry is adapting to the ever-evolving business risks.
The program Post-Graduate Diploma in Insurance and Risk Management successfully integrates the relevant knowledge base from finance, quantitative analysis and management domains to prepare you for immediate absorption in the industry. The program takes you through business risks in financial and insurance services, corporate governance and business sustainability.
Learning Outcomes:
- Learn the basics of General Insurance, Marine Insurance, Fire Insurance and Life Insurance
- Understand the risks involved in the insurance sector
- Understand the Insurance Regulatory & Development Authority (IRDA) rules and guidelines
- Understand the details of types of insurance
- Learn to analyze, evaluate and strategize for the potential risks
COURSE SYLLABUS
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Semester I
Code Subject Credits S1C01 Principles of Management 4 S1C02 Indian Economy and Policy 4 S1C03 Business Communication 4 S1C15 Accounting for Managers 4 S1C05 Marketing Management 4 S1C06 Legal and Business Environment (Micro and Macro) 4 Total Credits 24 -
Semester II
Code Subject Credits S2C07 Management Information System 4 S2C08 Human Resource Management 4 S2C09 Research Methodology and Management Decision 4 S2C10 Strategic Management 4 S2C11 Business Analytics 4 S2C16 Financial Management 4 Total Credits 24 -
Semester III
Code Subject Credits S3C13 Project Management 4 S3M08 Principles and Practice of General Insurance 4 S3M09 Life Insurance I and II 4 S3M10 Fire and Marine Insurance 4 S3EL1 Business Ethics and Corporate Social Responsibility 4 - Elective Basket (Select Any One)
4 Total Credits 24 -
Elective Basket (Select Any One)
S3EL3 HR Analytics 4 S3EL2 Marketing Analytics 4 S3El5 Supply Chain Analytics 4 S3FM4 Financial Analytics 4 -
Project Term – 3 Months
S. No Subject Credits 1 Desk Research 2 2 Project Work 4
- The above course curriculum is subject to revision as per AICTE guidelines from time to time and as per industry updates.
- Exams would be conducted during the January and July exam cycles.
- All the Exams at MITSDE (Internal & External) are in the form of Multiple Choice Questions.
- Student will have to attempt all the components in the Learning Management System and submit TWO Quizzes (30 marks each) for each subject.
- Internal Examinations carry 60% marks (2 Quizzes of 30 Marks each) and External Proctored Exam carry 40% weightage (passing criteria for both internal & external exam is 50%).
Fee Structure
Fee Option | Installment I | Installment II | Installment III | Total Fee |
Lumpsum | - | - | - | ₹ 65,000 |
Installment | ₹ 25,000 | ₹ 24,000 | ₹ 24,000 | ₹ 73,000 |
Fee Structure For NRI Students
Fee Option | Installment I | Installment II | Total Fee |
Lumpsum | - | - | $ 1,800 |
Installment | $ 1,000 | $ 1,000 | $ 2,000 |
- Alumni– up to 25% in course fees.
- Defence personnel- up to 30% in course fees.
- Specially Abled- up to 20% in course fees.
- Students are required to pay additional exam fee per exam per attempt. For Installments
- The first instalment needs to be paid at the time of admission.
- Second Installment needs to be paid within 3 months from the date of admission. -->
Validity
Course Duration | Extension | Validity |
21 Months (18 + 3 months project work) | 6 Months | 2 Years 3 Months |
Potential Career
All Life is an integral part of every business model, by doing this course, you can explore career opportunities as:
- Product Manager
- Insurance Underwriter
- Financial Analyst
- Risk Management Consultant
- Risk Manager
- Inventory Administrator
- Strategy Manager
- Organizational Planning Director