Loyola Institute of Business Administration (LIBA), on Wednesday announced a strategic partnership with The Insurance Institute of India (III) to introduce a first-of-its kind Insurance Management programme.
With an aim to produce industry-ready professionals, the programme will be spearheaded by senior leaders from insurance industry, providing students a real time learning experience. The burgeoning Indian insurance industry has paved the way for new career opportunities with niche skill sets.
The Insurance Management course from LIBA is an Executive Diploma Programme that will look to groom Insurance professionals to take on the challenges of growth in the complex Indian market. The programme will include professors from LIBA, experts from the Insurance Institute and professionals from the industry as teachers.
Commenting on the partnership, Fr. S J Christie, Director, LIBA, said, “Pioneering innovations in education has been the key motto of LIBA. Over the years we have introduced various advanced academic programmes by tapping into high calibre industries which offer students the right environment to thrive. The association with The Insurance Institute of India is yet another significant initiative from LIBA, which will contribute to the growth of Insurance segment in India.”
The one year programme will be held during weekends to help working professionals. Spread across three semesters, the course will introduce students to subjects such as Principles of Insurance, Practice of Life Insurance and General Insurance, Legal Aspects of Life Insuranceand many more.
On the successful completion of the first trimester term with minimum 50 per centmarks in each subject, students can register as a Member with The Insurance Institute of India portal and apply for a ‘Licentiate’ Certificate issued by the Institute.
Additionally, students can also become an ‘Associate’ of the Institute after completing two more courses — Life/General Insurance Underwriting and Life Insurance Finance/ General Insurance Accounts Preparation and Regulation of Investment, provided online to facilitate working professionals. This opens a large number of opportunities in the fields of Health Insurance, Marine Insurance, Fire Insurance, Life Underwriting and many more.
“We are happy to sign this partnership with LIBA to introduce one of the essential courses in the Indian insurance segment,” said P Venugopal, Secretary-General, The Insurance Institute of India. “With Management Studies becoming a preferred option among students, there is a dearth of such formalised education in the segment. We are confident that LIBA’s proficiency and our subject matter expertise will attract talented young professionals to the industry and support them in developing successful careers.”
The one year programme will be held during weekends to help working professionals to make the most of this opportunity. Spread across three semesters, the course will introduce students to subjects like Principles of Insurance, Practice of Life Insurance and General Insurance, Regulations of Insurance Business, Legal Aspects of Life Insurance, Fire & Consequential Loss Insurance and many more.
On the successful completion of the first trimester term with minimum 50% marks in each subject, students can register as a Member with The Insurance Institute of India portal and apply for a ‘Licentiate’ Certificate issued by the Institute. Additionally, students can become an ‘Associate’ of the Institute after completing two more courses - Life/General Insurance Underwriting and Life Insurance Finance/ General Insurance Accounts Preparation and Regulation of Investment, provided online to facilitate working professionals. This opens a large number of opportunities in the fields of Health Insurance, Marine Insurance, Fire Insurance, Life Underwriting and many more.
Admissions for the Executive Diploma Programme in Insurance Management will begin immediately and classes will begin from July 2017. Candidates with any Undergraduate degree can apply for the programme. Work experience in the industry will be given preference.