Know everything about MBA Insurance Business Management here

Insurance or insurance, is a word with which we are all familiar. we life and health insurance, One also takes many insurance policies like general insurance, vehicle insurance, travel insurance, and many more. Insurance is important not only for individuals but also for large corporate giants and SMEs. Companies need people who understand the numbers and convince people to insure them against unfortunate events. MBA in Assurance Business Management is designed in such a way that the candidates gain practical problem-solving knowledge as well as requisite theoretical knowledge about the banking and insurance industry. Let us know about MBA in Insurance Business Management.

Course MBA Insurance Business Management
full form Master of Business Administration In Insurance Management
Level post graduate
Duration 2 years
Qualification 10+2, Bachelor’s Degree
Exam Type Semester
admission process Based on both Merit and Entrance Test
MBA Insurance Business Management Jobs – Financial Manager – Banking Finance – Business Analyst – Risk Management
MBA Insurance Business Management Salary 4 – 14 lakhs/year

What is MBA Insurance Business Management?

Insurance is a contract to reduce risk MBA Insurance Business Management is a 2-year course for post graduates. In this course, all the terms and conditions, methodology, risk analysis etc. of Insurance and Banking are included in the advanced education.

Why study MBA Insurance Business Management?

Below are some of the major advantages of choosing MBA Insurance Business Management:

  • It will help you develop managerial skills.
  • This course will help you to connect with a large business network.
  • This course will open doors to trending career opportunities.
  • Insurance and Banking are similar in contract, in which the need of advanced persons for the role of handling the work, passing the application is increasing.
  • If you are good at collecting, managing and allocating documents then this course is for you.

Skills for MBA Insurance Business Management

Some of the key skills for MBA Insurance Business Management are as follows-

  • High communication skills.
  • customer service.
  • determination and perseverance.
  • Pay attention to the document.
  • Finding ways to troubleshoot.

Topics and Syllabus of MBA Insurance Business Management

MBA Insurance Business Management Syllabus may vary from university to university, to provide a clear understanding, we have given the general syllabus below:

Semester I Semester II
Management Concepts and Organizational Behavior marketing management
managerial economics financial management
Research Methodology Operations Research and Management
Accounting strategic management
Business Environment and Law human resource management
Semester III Semester IV
Principal and Practice of Life Insurance Investment and Portfolio Management
Principal and Practice of General Insurance fire and motor insurance
Risk Management & Insurance reinsurance
Insurance Law and Regulation Actuarial Mathematics and Service
Marine and Rural Insurance Marketing of Insurance Service

Top Universities in the World for MBA Insurance Business Management

Below we have listed some of the leading universities offering MBA Insurance Business Management course:

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Top Universities in India for MBA Insurance Business Management

Given below are the list of top universities in India for MBA Insurance Business Management:

  • Symbiosis Institute of Media and Communication, Pune
  • AAFT University of Media and Arts
  • Christ College, Bangalore
  • Delhi University of Arts and Commerce, Pune
  • Amity University, Mumbai
  • Kamala Nehru University, New Delhi
  • Madras Institute College
  • Savitri Bai Phule University, Pune
  • Kishanchand Chellaram College
  • Indian Institute of Journalism and New Media, Bangalore

MBA Insurance Business Management Eligibility Criteria

The eligibility criteria for MBA Insurance Business Management are as follows:

  • Candidate must have passed 10+2 with good marks from a recognized institute or board.
  • Candidate should have from a recognized institute, university or college BBA OR Bachelor’s degree in relevant field.
  • Students who want to study this course in India they have to take entrance exam like OUCET, GATE etc. to be present.
  • Somewhere in some universities abroad GMAT Scores are requested.
  • In case of foreign universities, as a proof of proficiency in English IELTS either TOEFL either PTE Test scores are required.
  • In addition to these requirements abroad LOR, SOP, cv/resume, portfolio etc. is also required.
  • In addition, some institutions may also require students to have 1-2 years of work experience in this field of study.

Application Process

The application process for MBA Insurance Business Management in universities in India and abroad is mentioned below:

Abroad Application Process

The application process for admission in foreign universities is as follows-

  • The first step in your application process is choosing the right course and university.
  • After selecting the course and university, research the eligibility criteria of that university for that course.
  • Collect the required test scores and documents.
  • Fill the application form by visiting the university site or you can Leverage Edu You can also take help of experts.
  • Wait for the offer and prepare for the interview once selected.
  • After clearing the interview round, pay the required tuition fee and scholarship, student visa, education loan And apply for hostel.

Required Documents

Some of the required documents are listed below-

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Application process in Indian universities

The application process in the universities of India is as follows-

  1. First of all register by visiting the official website of your chosen university.
  2. After registering on the university website, you will receive a username and password.
  3. Then after signing in to the website, select your chosen course which you want to do.
  4. Now fill the application form with educational qualification, category etc.
  5. After that submit the application form and pay the required application fee.
  6. If the admission is based on the entrance test then first register for the entrance test and then wait for the counseling after the result. You will be selected on the basis of entrance exam marks and list will be issued.

Entrance Exams for MBA Insurance Business Management

Many big universities in India conduct their own entrance exams. while abroad SAT, ACT either GMAT And test scores of English proficiency are required. Below is the list of entrance exams for MBA in Insurance Business Management-

state level entrance exams national level entrance examinations

Some Top Books on MBA Insurance Business Management

Here are the important books for MBA in Insurance Management-

Book Author Link
Inside the Insurance Industry Kevin Glaser Buy here
The Breakthrough Insurance Agency bart baker Buy here
Insurance and Behavioral Economics Professor Howard C. Kunruther, Professor Mark V. Pauley, Dr. Stacy McMurrow Buy here
Insurance james stevens Buy here
Applied Insurance Analytics Patricia El Saporito Buy here

Career after MBA Insurance Business Management

There are many types of insurance companies such as life insurance, motor insurance, health insurance, home insurance etc.

top recruiters

Some of the major recruiters are as follows-

  • ICICI Bank
  • SBI Life Insurance
  • HDFC
  • Max New York Life
  • Reliance
  • Birla Sun Life
  • Colleges
  • Tata AIG Life
  • Shriram Life Insurance
  • Bajaj Allianz

The above mentioned companies are top recruiters. However, many other firms and startups are looking for expert insurance managers. Every company, regardless of sector and size, needs guidance and mentorship, for which this course prepares students.

Job Profile and Salary

The starting salary in the insurance industry is Rs 2 to 5 lakhs per annum. However, this number will increase as you climb the corporate ladder. Experience of 5 years and above can fetch you an attractive package of around 7 to 10 lakhs per year.

The most important and basic requirement is that the candidate should be extremely good at calculations. His work involves a lot of calculations and hence he must have a strong background in mathematics. According to some of the major job profiles and payscales, the estimated salaries are as follows-


What is MBA Insurance Business Management?

Insurance is a contract to reduce risk MBA Insurance Business Management is a 2-year course for post graduates. In this course, all the terms and conditions, methodology, risk analysis etc. of Insurance and Banking are included in the advanced education.

How many years is MBA Insurance Business Management course?

MBA Insurance Business Management is a 2 year course, which is semester based.

What are the career scopes in MBA Insurance Business Management?

There are many types of insurance companies such as life insurance, motor insurance, health insurance, home insurance etc.

Which are the top recruiter companies for MBA Communication Management?

Some of the major recruiter companies are ICICI Bank, SBI Life Insurance, HDFC, Max New York Life, Reliance etc.

Hope you have got all the information related to MBA Insurance Business Management course. Do you want to do Insurance Management related course abroad? Our Leverage Edu Contact the experts who will guide you in applying to top universities globally. Call 1800 572 000 to book your free 30 minute session today.

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