B.B.A. Insurance or Bachelor of Business Administration in Insurance is a 3-year undergraduate Banking course, eligibility to which is Sr. Secondary (10+2) with 50% marks with Commerce/Mathematics as a subject at Secondary / Sr. level will be preferred and Proficiency in English communication. The degree course consists of six semesters in which the first four semesters are common to all the BBA programs and the last two concentrate and focus on the specialized subjects and topics related to the fields of Insurance Management.
Top Institutes offering BBA Insurance are:
BBA Insurance studies the fundamentals and concepts used and practiced in the Insurance Management sectors. B.B.A. Insurance degree course covers the study of the basic concepts of management with specialized training in subjects such as International Insurance Management, Treasury Operations, Risk Management, Investment Banking, Project & Infrastructure, etc.
Such graduates are hired in capacities such as Administrative Officer (AO), Credit and Risk Manager, Assistant Controller, Customer Service Representative, Internal Auditor, Asset Manager, Insurance Manager, Agent and Broker, Investment Analyst, Loan Counsellor, Investment Banker, Loss Control Specialist, Personal Financial Advisor, Recovery Agent, Loan Officer, Stock Analyst, Treasurer etc.
The average tuition fee charged for the course in India ranges between INR 5000 and 2 Lacs for a span of 3 years, the salary structure in public sector insurance companies is as per govt. rules depending on different positions. Whereas in private sector insurance companies the salary structure is more lucrative for management graduates working in marketing and sales sector with an initial salary starting from INR 15,000 to 25,000 per month.
Listed below are some of the major highlights of the course.
|Examination Type||Semester System/Year wise|
|Eligibility||10+2 with 50% marks with Commerce/Mathematics|
|Admission Process||based on entrance exam|
|Course Fee||INR 5,000 to 5 Lacs|
|Average Starting Salary||INR 3 to 20 lacs per annum|
|Top Recruiting Companies||Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC), Life Insurance, ICICI Prudential, Om Kotak Mahindra, Birla Sun-Life, Tata AIF Life, Reliance, HDFC Standard Life-Insurance Co., Max New York Life, SBI Life Insurance, ING Vysya Life, ICICI Lombard, Royal Sundaram, Cholamandalam, IFFCO Tokyo, Tata AIG etc.|
|Top Recruiting Areas||Research Agency, Health Department, Automobile Industry, Credit Companies, Aviation Industry, Educational Institute, Property Developer, Bank, Business School, Charity Association, Insurance Industry, Credit Union, Mortgage Company, Savings, and Loan Association, Consultancy, Shopping Mall etc.|
|Job Positions||Administrative Officer (AO), Credit and Risk Manager, Assistant Controller, Customer Service Representative, Internal Auditor, Asset Manager, Insurance Manager, Agent and Broker, Investment Analyst, Loan Counsellor, Investment Banker, Loss Control Specialist, Personal Financial Advisor, Recovery Agent, Loan Officer, Stock Analyst, Treasurer etc.|
B.B.A. Insurance degree courses are designed to create efficient and up-to-date financial and insurance planners. This degree provides students with a basic understanding of the financial and insurance markets.
They should have the basic knowledge of the industry, good communication skills both written and verbal, interpersonal skills, leadership qualities, capacity to motivate team members, ability to deal with customers, ability to use computers and related technology and an alert nature.
Candidates ought to likewise have a mathematical aptitude, an unmistakable analytical and logical personality, and sound learning of the insurance system with breakthrough information of recent improvements. Candidates who are willing to have further degrees such as Masters and then research works also suitable for the course.
Listed below are some of the top institutes in India that offer the course.
|Name of Institute||City||Average Fees|
|Jain University||Bangalore||INR 1,45,000|
|Doon Business School||Dehradun||INR 1,32,000|
|Suresh Gyan Vihar University||Jaipur||INR 77,938|
|Vels University||Chennai||INR 99,400|
|St Joseph's College Of Commerce||Bangalore||INR 85,800|
|Amity University||Noida||INR 3,53,000|
|IIKM Business School||Chennai||INR 1,53,000|
|Mewar University||Chittorgarh||INR 55,500|
|St Teresa's College||Ernakulam||INR 22,000|
|Sobhasaria Engineering College||Sikar||INR 71,800|
|Gems B School||Bangalore||INR 1,11,000|
|Sanskriti University||Mathura||INR 50,500|
|Mm Institute Of Management||Ambala||INR 65,686|
|Christ Institute Of Management||Rajkot||INR 32,000|
|Sunshine Group Of Institutions||Rajkot||INR 41,400|
|IFIM College||Bangalore||INR 2,00,000|
|Master School Of Management||Meerut||INR 46,000|
|Alliance School Of Business||Bengaluru||INR 1,50,000|
|Institute Of Business Management And Research||INDORE||INR 52,000|
|Brihan Maharashtra College Of Commerce||Pune||INR 1,14,000|
Sr. Secondary (10+2) with 50% marks with Commerce/Mathematics as a subject at Secondary / Sr. level will be preferred from a reputed board and Proficiency in English communication.
Since the majority of the universities have their own Entrance Examinations, it is informed to keep a track with respect to the Entrance Exams for BBA. The application forms, for both correspondence and the common entrance exam, are easily available online and offline.
BBA entrance exams in India,
A year-wise breakup of the course’s syllabus is tabulated here.
|Semester I||Semester II|
|Business Organisation||Business Economics|
|Business Communication||Business Mathematics|
|Introduction to Computers||Business Environment|
|Financial Accounting||Life Insurance|
|Principles of Insurance||Health Insurance|
|Semester III||Semester IV|
|Principles of Marketing||Personality Development|
|Basics of Human Resource Management||Employment enhancing skills-I|
|Basics of Financial Management||Principles & Practices of Insurance (Fire & Engineering)|
|Business Ethics||Motor Insurance|
|Principles & Practices of Insurance (Marine & Misc)||Report writing|
|Semester V||Semester VI|
|Research Methodology||Management Information System|
|Business Laws||Employment enhancing skills-III|
|Employment enhancing skills-II||Underwriting & Claims|
|Marketing of Insurance||Customer Relationship Management|
|Legal Framework of Insurance||Industrial Training|
Insurance is a trillion-dollar business that employs a humongous number of people. It is a stable yet dynamic industry that provides a wealth of advancement and career opportunities. As the population and wealth grow, the demand for insurance professionals is also on the increase.
Graduates are being mostly hired by government banks for various posts on the basis of All India Examination. Graduates from commerce stream are given more preference, but anyone from any stream is eligible to enter into this field by qualifying the Entrance exams which are being conducted by banks every year. At senior level banks opt for experienced bankers.
Related BBA Insurance courses are:
Read more about Bachelors courses in management
Some of the popular professional avenues open to successful graduates/ postgraduates of the course are listed below with the corresponding salaries offered for the respective positions.
|Job Position||Job Description||Average Annual Pay Scale in INR|
|Credit and Risk Manager||Risk managers exhort associations on any potential dangers to the productivity or presence of the organization. They distinguish and evaluate threats, set up plans place for if things turn out badly and choose how to keep away from, reduce or transfer risks.||992,343|
|Assistant Controller||An assistant controller oversees everyday records, exercises and frequently administers any internal auditing. The assistant controller must have a decent industry learning of financial regulations to guarantee that the finance department is working inside those parameters.||734,696|
|Asset Manager||The essential capacity of the Asset Manager is to aid all parts of the regulatory, money related, capital and operations of the allotted portfolio. Basic Functions: Oversee nearby outsider property directors and renting specialists. Aid the arrangement and endorsement procedure of property operating budgets.||498,299|
|Insurance Manager||In charge of managing operations inside a protection rehearse. Oversees agents, specialists, and appraisers. Insurance claims are handled in a convenient way and resolve issues that emerge amid process.||730,048|
|Investment Banker||Investment bankers assume a part in helping their customers raise funding to back different exercises and develop their organizations. They are financial advisory middle people who help value capital and apportion it to different employments.||9,02,800|