Education Career Center
Mock Exam
Study Abroad
Documents
Jobs
Forums
Campus
 
 
         
 
View all Courses
Course home
Syllabus & ref Book
Lecture Notes
Exam & Solution
Presentations
Projects
Image gallery
Video lessons
 
Categories
Accounting & Banking
Company Secretary
Capital Share
Insurance & Mutual Fund
CA Related
 
 
Insurance & Mutual Funds  
 
 

Insurance is a contract between two parties where by one agrees to undertake the risk of another in exchange for consideration known as premium and promise of compensation for specific potential future losses in exchange for periodic and payment. It is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss. The party bearing the risk is known as the insurer and the party whose risk is covered is known as the insured. Insurance works on the basic principle of risk-sharing and advantage of insurance is that it spreads the risk of a few people over a large group of people exposed to risk. Major areas of insurance include auto insurance, life insurance, Property & Casualty insurance and health insurance.

Fields of Insurance

Accident, Sickness & Unemployment Insurance.

Auto Insurance.

Aviation Insurance.

Health Insurance.

Liability Insurance.

Life Insurance.

Property Insurance.

Workers Compensation.


Mutual Funds are one of the investment instruments that bring together a group of people and invest their money in stocks, bonds and other securities. Mutual fund is one of the most viable investment options for the common man as it offers an opportunity to invest in a diversified, professionally managed of securities at a relatively low cost. Mutual funds have both advantages and disadvantages compared to direct investing in individual securities. Types of Mutual Funds includes aggressive growth fund, asset allocation fund, balanced fund, blend fund, bond fund, capital appreciation fund, closed fund, crossover fund, global fund, growth and income fund, international fund, money market fund, specialty fund, stock fund and tax-free bond fund.

 

Types of Mutual Funds

Open-end funds.

Closed-end funds.

Unit investment trusts.

Exchange-traded funds .

 

Courses and Eligibility

1.Student must pass higher secondary education or 10+2 with Commerce subjects to get    admission into bachelor’s degree program.

2. B.A (Insurance)

3. Diploma in Insurance Management

4. Post Graduate Diploma in Insurance

5. Master of Business Administration in Insurance

6. Post Graduate Program in Management and Insurance

7. Postgraduate diploma in Investment Management

8. PG program in financial analysis

 

Employment

Graduates of Insurance are employed in insurance firms such as General Insurance Corporation (GIC) and Life Insurance Corporation of India (LIC), Postal Life Insurance, Tata AIF Life, Reliance, ING Vysya Life, ICICI Prudential, HDFC Standard Life-Insurance Co., Birla Sun-Life, SBI Life Insurance, Om Kotak Mahindra, and Max New York Life. Graduates work as an Asset Manager, Composite Agent, Development Officer, Sales Representative, Administrative Officer and Customer Service Representative.

 
Syllabus & ref. Book Lecture Notes Exams & Solutions Presentations Projects
                 
           
Image gallery Video lessons