Insurance Business Management Career, Top Colleges and Recruiters

Insurance is one of the most common words we know. Life & health insurance, general insurance, vehicle insurance, travel insurance are some of the examples of this business. Insurance Business Management course enables the deep knowledge of a student in the field of Insurance. Want to know more? Read the full article below.

Top Colleges:

The top colleges for the course study for Insurance Business Management are:


Level -Degree/Diploma
Graduation with at least 50% and clearance of management entrance test- CAT/MAT/CMAT/XAT/SNAP
Key Skills Required
Communication, analytical, risk management skills, stress management
Admission process
Top recruiting companies
LIC, ICICI Prudential Life Insurance, SBI Life Insurance, Birla Sun Life, Reliance Nippon, Tata AIA

Courses and Eligibility:
UG3 Yearsmust have qualified 10+2  with minimum 50% of marksUGAT, NPAT, IPMAT
PG2 Yearsmust have a bachelor's degree of 3 years with 60% marksCAT, XAT, MAT, SNAP

Top Recruiters:

The top recruiters for the course based for the Insurance Business Management are:

  • Birla Sun-Life
  • Colleges & Universities
  • HDFC Standard Life-Insurance Co.
  • ICICI Prudential
  • Max New York Life
  • Om Kotak Mahindra
  • Reliance
  • SBI Life Insurance
  • Tata AIF Life

The admission process generally varies across the colleges. The admission process for the students is based on the performance in the relevant entrance examination. There are institutes where there is direct admission which is based over the candidate's performance at the last qualifying exam. 

Syllabus Course:

  • Principles and Practice of General insurance
  • Risk Management and Insurance
  • Management and Organizational Behavior
  • Managerial Economic Forecasting  
  • Accounting for Insurance
  • Statistics for Insurance
  • Principles and Practice of Life insurance

Skills Required:

The skills required for the course study for Insurance Business Management are:

  • Communication Skills
  • Analytical Skills
  • Risk management skills
  • Stress Management Skills

Top Entrances:

The top entrances for the course study of Insurance Business Management here are:

Career and Job Prospects:

Job PostJob descriptionSalary


 analyze the financial costs of risk and uncertainty, use mathematics, statistics, and financial theory to assess the risk,  help businesses and clients develop policies that minimize the cost of that risk
5 lacs to 17.5 lacs

Business Analyst

develop and monitor data quality metrics and ensure business data and reporting needs are met, Creating a detailed business analysis, outlining problems, opportunities, and solutions for a business. Budgeting and forecasting.
3.5 lacs to 7.5 lacs

Consultant & Advisor

offer advice and expertise to organizations to help them improve their business performance in terms of operations, profitability, management, structure, and strategy
12 lacs to 55 lacs

Financial Analyst

Improves financial status by analyzing results; monitoring variances; identifying trends; recommending actions to management.
3.5 lacs to 5.5 lacs

Internal Auditor

provide organizations with guidance on financial accuracy, internal controls, and regulatory compliance.
2.5 lacs to 6 lacs

Lecturer & Professor

lecture planning, preparation, and research. contact and teaching time with students. checking and assessing students' work. encouraging personal development via the tutorial or pastoral work.
2.5 lacs to 5.5 lacs

Risk Manager

communicate risk policies and processes for an organization. They provide hands-on development of risk models involving market, credit, and operational risk, assure controls are operating effectively, and provide research and analytical support.
3 lacs to 8.5 lacs


responsible for deciding whether or not to accept applications for insurance cover – this is known as 'risk', collecting background information and assessments of risk. analyzing statistical data using specialist computer programs. 
3 lacs to 5.5 lacs


Q: Which is the good college to pursue UG & PG in Insurance Business Management?
A: Some of the best colleges are, 

  • IIM
  • ICFAI Business School
  • Symbiosis University of Applied Science
  • SRM Institute of Science and Technology, Kattankulathur

Check the “Top Colleges” section to know more.

Q: What is the minimum qualification required to pursue a career in Insurance Business Management?
A: A qualification in 10+2 is a must for the candidates pursuing Insurance Business Management. For more detailed information check the eligibility criteria above.

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