Description
Course Name: Professional Training in Insurance Advisory Services
Course Id: PTIAS/Q1001.
Eligibility: Completion of 10th Grade (high School) or equivalent.
Objective: The Professional Training in Insurance Advisory Services is an ideal program for those who want to enter the insurance industry and develop the skills required to become a successful insurance agent. This course provides a solid foundation in various types of insurance products, customer service, regulatory compliance, and sales techniques, making it a valuable qualification for aspiring professionals in the insurance sector.
Duration: 200 Hrs (Equivalent to Six Months).
Total Credits: 18.
How You will Get Diploma Certificate:
Step 1- Select your Course for Certification.
Step 2- Click on Enroll Now.
Step 3- Proceed to Enroll Now.
Step 4- Fill Your Billing Details and Proceed to Pay.
Step 5- You Will be Redirected to Payment Gateway, Pay Course and Exam Fee by Following Options.
Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.
Step 6- After Payment You will get Study Material Login id and Password on your email id.
Step 7- After Completion of Course Study give Online Examination.
Step 8- After Online Examination you will get Diploma Certificate soft copy(Scan Copy) and Hard Copy(Original With Seal and Sign).
Step 9- After Certification you will receive Prospect Job Opportunities as per your Interest Area.
Online Examination Detail:
- Duration- 120 minutes.
- No. of Questions- 60. (Multiple Choice Questions).
- 10 Questions from each module, each carry 10 marks.
- Maximum Marks- 600, Passing Marks- 40%.
- There is no negative marking in this module.
| How Students will be Graded: | ||
| S.No. | Marks | Grade |
| 1 | 91-100 | O (Outstanding) |
| 2 | 81-90 | A+ (Excellent) |
| 3 | 71-80 | A (Very Good) |
| 4 | 61-70 | B (Good) |
| 5 | 51-60 | C (Average) |
| 6 | 41-50 | P (Pass) |
| 7 | 0-40 | F (Fail) |
Benefits of Certification:
- Government Authorized Assessment Agency Certification.
- Certificate Valid for Lifetime.
- Lifetime Verification of Certificate.
- Free Job Assistance as per your Interest Area.
Syllabus:
Introduction to Insurance Industry: History and Evolution of Insurance, Types of Insurance (Life, Health, General), Principles of Insurance, Role of an Insurance Advisor, Regulatory Framework (IRDAI Guidelines), Insurance Contracts and Policies, Risk Management in Insurance, Ethics in Insurance Advisory, Global Trends in Insurance, Case Studies on Insurance Industry.
Life Insurance Products and Services: Types of Life Insurance (Term, Whole Life, Endowment), ULIPs (Unit-Linked Insurance Plans), Riders and Add-ons in Life Insurance, Claims and Settlement Process, Tax Benefits of Life Insurance, Retirement and Pension Plans, Risk Assessment for Life Insurance, Selling Life Insurance Effectively, Policy Loan and Surrender Value, Case Studies on Life Insurance Advisory.
Health and Medical Insurance: Types of Health Insurance Policies, Individual vs. Group Health Insurance, Critical Illness and Disability Insurance, Mediclaim and Cashless Facility, Role of Third-Party Administrators (TPA), Claim Process and Settlement, Health Insurance Regulations, Factors Affecting Health Insurance Premiums, Benefits of Preventive Healthcare, Case Studies on Health Insurance Advisory.
General Insurance (Motor, Home, Travel, and Commercial Insurance): Understanding General Insurance Policies, Motor Insurance (Comprehensive vs. Third-Party), Property and Home Insurance Policies, Travel Insurance and Overseas Coverage, Marine and Cargo Insurance, Fire and Burglary Insurance, Liability Insurance (Professional, Public, Product), Role of Reinsurance, Underwriting in General Insurance, Case Studies on General Insurance Advisory.
Insurance Underwriting and Risk Assessment: Basics of Insurance Underwriting, Risk Evaluation in Different Insurance Policies, Role of Actuaries in Underwriting, Medical and Non-Medical Underwriting, Premium Calculation Techniques, Claim Probability Analysis, Fraud Detection and Prevention, Reinsurance and Risk Transfer, Legal and Ethical Issues in Underwriting, Case Studies on Risk Assessment.
Insurance Sales, Marketing, and Distribution Strategies: Selling Techniques for Insurance Advisors, Lead Generation and Customer Acquisition, Digital Marketing for Insurance, Telemarketing and Cold Calling Strategies, Bancassurance and Alternate Distribution Channels, Customer Relationship Management (CRM) in Insurance, Handling Objections and Closing Sales, Referral Marketing and Networking, Legal Aspects of Insurance Marketing, Case Studies on Effective Insurance Sales.
Completing a Professional Training in Insurance Advisory Services program prepares graduates to work in the dynamic insurance sector, helping individuals and businesses secure their financial future. This diploma equips candidates with knowledge about insurance products, regulations, and sales techniques. Below are career options and their salary ranges in India:
1. Insurance Agent/Advisor
- Role: Sells life, health, or general insurance policies, provides financial advice to clients, and assists with claims processing.
- Salary Range: ₹2 – ₹5 LPA (entry-level, primarily commission-based); experienced agents can earn ₹5 – ₹15 LPA or more depending on performance.
2. Sales/Relationship Manager (Insurance)
- Role: Manages client relationships, identifies their insurance needs, and ensures policy renewals.
- Salary Range: ₹3 – ₹6 LPA (entry-level); ₹6 – ₹12 LPA (mid-level with performance incentives).
3. Insurance Underwriter
- Role: Evaluates insurance applications, assesses risks, and determines premium amounts.
- Salary Range: ₹3.5 – ₹6 LPA (entry-level); ₹6 – ₹10 LPA (mid-level with experience).
4. Claims Processing Officer
- Role: Processes insurance claims, verifies documents, and ensures timely settlements.
- Salary Range: ₹3 – ₹5 LPA (entry-level); ₹5 – ₹9 LPA (mid-level).
5. Financial Planner/Consultant
- Role: Provides comprehensive financial planning, integrating insurance with investment options to meet client goals.
- Salary Range: ₹4 – ₹7 LPA (entry-level); ₹7 – ₹15 LPA (mid-level with a strong client base).
6. Bancassurance Officer
- Role: Collaborates with banks to sell insurance products to bank customers.
- Salary Range: ₹3 – ₹6 LPA (entry-level); ₹6 – ₹12 LPA (mid-level with performance bonuses).
7. Customer Service Executive (Insurance)
- Role: Assists policyholders with queries, policy renewals, and claim issues, ensuring customer satisfaction.
- Salary Range: ₹2.5 – ₹5 LPA (entry-level); ₹5 – ₹8 LPA (mid-level).
8. Insurance Trainer
- Role: Trains new agents and employees about insurance products, sales techniques, and regulatory compliance.
- Salary Range: ₹4 – ₹8 LPA (entry-level); ₹8 – ₹15 LPA (senior roles).
9. Risk Management Specialist
- Role: Analyzes potential risks for clients and advises on appropriate insurance coverage.
- Salary Range: ₹5 – ₹8 LPA (entry-level); ₹8 – ₹15 LPA (mid-level).
10. Actuarial Analyst
- Role: Uses statistical models to assess risks and help design insurance products and premiums.
- Salary Range: ₹5 – ₹8 LPA (entry-level); ₹8 – ₹20 LPA (mid-level and senior roles).
11. Health Insurance Advisor
- Role: Specializes in selling health insurance policies, explaining coverage, and assisting with medical claims.
- Salary Range: ₹2.5 – ₹6 LPA (entry-level); ₹6 – ₹12 LPA (mid-level).
12. Corporate Insurance Manager
- Role: Works with businesses to provide group insurance policies and risk management solutions.
- Salary Range: ₹5 – ₹10 LPA (entry-level); ₹10 – ₹20 LPA (mid-level and senior roles).
13. Insurance Marketing Specialist
- Role: Develops marketing strategies to promote insurance products and increase customer acquisition.
- Salary Range: ₹3.5 – ₹7 LPA (entry-level); ₹7 – ₹12 LPA (mid-level).
14. Reinsurance Analyst
- Role: Focuses on managing risk through reinsurance contracts and negotiations with reinsurers.
- Salary Range: ₹4 – ₹8 LPA (entry-level); ₹8 – ₹15 LPA (mid-level).
15. Entrepreneur (Independent Insurance Agency)
- Role: Establishes an independent insurance agency to sell multiple insurance products from different providers.
- Income Potential: Varies significantly based on client base and product portfolio; ₹5 LPA to ₹50 LPA or more.
Key Factors Influencing Earnings:
- Commission-Based Roles: Insurance agents primarily earn through commissions, with potential for high income if sales targets are met.
- Performance Incentives: Many roles offer bonuses for meeting or exceeding sales or service goals.
- Experience and Expertise: Seasoned professionals with strong client networks earn significantly more.
- Location: Metropolitan cities generally offer higher salaries due to demand and cost of living.
Emerging Trends in Insurance Careers:
- Digital Insurance: Growing demand for professionals in online insurance platforms and app-based services.
- Customized Insurance Products: Opportunities in designing tailor-made policies for niche markets.
- Health and Life Insurance Boom: Rising health awareness and financial planning have increased demand for specialists in these domains.
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