About the Department
The Department of Management Studies introduces the Insurance specialization to cater to the rapidly growing insurance and risk management sector. This program is tailored to provide students with comprehensive knowledge of insurance products, underwriting, claims processing, risk assessment, actuarial practices, and regulatory compliance. The department nurtures professionals who can manage, analyze, and innovate within the insurance ecosystem.
About the Course & Curriculum
The M.B.A. in Insurance is a 2-year postgraduate degree approved by AICTE and affiliated with Anna University. It integrates management fundamentals with industry-specific knowledge of life, health, general, and reinsurance markets. Students gain insights into insurance operations, client servicing, and financial risk mitigation strategies.
Key Subjects in Insurance Specialization
- Principles and Practices of Insurance
- Risk Management and Underwriting
- Life Insurance and General Insurance
- Health Insurance and Medical Claims
- Insurance Laws and Regulatory Framework (IRDAI)
- Insurance Operations and Customer Service
- Marine and Fire Insurance
- Bancassurance and Alternate Channels
- Reinsurance and Global Risk Sharing
- Actuarial Science (Introductory Level)
- Financial Planning and Wealth Protection
- Claims Management and Fraud Detection
Program Highlights
- Training on insurance documentation and regulatory compliance
- Internships in insurance companies (LIC, ICICI Lombard, Star Health, etc.)
- Case studies on real-time claims and settlements
- Final year project on Insurance analytics / fraud / customer retention
About the Laboratory / Facilities
- Insurance Simulation Lab
- Risk Analysis and Modeling Software (MS Excel, SPSS)
- Insurance Form Filing and Documentation Practice Tools
- Insurance CRM Software Demos
- Digital Marketing in Insurance Setup
- Access to IRDAI Guidelines and Insurance Handbooks
- Mock Claim Processing & Policy Underwriting Center
- To produce qualified professionals equipped with skills in insurance, financial protection, and risk management.
- To instill a deep understanding of regulatory practices, ethics, and customer-centric service.
- To promote innovation and operational efficiency in the insurance industry.
To be a preferred destination for insurance management education that contributes to the development of skilled insurance managers and financial risk professionals for the nation.
Graduates with an M.B.A. in Insurance can explore diverse and secure career paths in:
- Insurance Advisor / Consultant
- Underwriting Executive
- Claims Processing Officer
- Risk Manager
- Actuarial Analyst (with further certification)
- Sales & Relationship Manager (Bancassurance)
- Operations Manager in General or Life Insurance
- Compliance Officer (IRDAI Norms)
- Insurance Trainer or Customer Service Executive
Top Employers Include :
LIC, ICICI Lombard, HDFC Ergo, SBI Life, Star Health, Bajaj Allianz, Kotak Life, Reliance General, Max Life, IRDAI-regulated agencies, and FinTech insurance aggregators.
Eligibility Criteria
- Any UG degree (Arts, Science, Commerce, Engineering, or Healthcare streams)
- Admission through TANCET score or as per Anna University and Tamil Nadu Government norms
- Minimum qualifying marks as prescribed by the affiliating body