Principles and Practice of Life Insurance
Gain practical skills, sharpen strategic insights, leverage AI, and supercharge career growth
- Comprehensive introduction to the principles and practices of life insurance from product design to claim settlement.
- Covers both theoretical foundations and practical procedures crucial for all life insurance operations.
- Prepares students for careers in the insurance industry by imparting deep knowledge of key concepts, regulations, and industry practice.
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Program
Highlights
Future-Ready Skills
Professional Growth
Accredited Certification
In-Depth Learning
Skill Enhancement
Career in Finance
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Life Insurance Underwriting
Principles and Practice of Life Insurance
Compliance, Governance and Risk Management in Insurance
General Insurance Underwriting
Principles and Practice of General Insurance
Principles and Practice of Life Insurance
Discover How We Efficiently Cover Every Detail?
Module 1: Introduction to Life Insurance
- Concept of risk and insurance
- History and evolution of life insurance
- Basic principles: pooling, indemnity, insurable interest, utmost good faith
- Life insurance vs. general insurance
- Role of life insurance in financial planning
Module 2: Types of Life Insurance Products
- Term, Whole Life, Endowment, Money-Back policies, Group Life
- Unit-linked insurance plans (ULIPs)
- Children’s and pension plans
- Riders and supplementary benefits
Module 3: Policy Structure and Operations
- Key components of a life insurance contract
- Proposal forms and policy issuance
- Policy terms: sum assured, premium, tenure, maturity
Module 4: Policy Servicing and Claims
- Premium collection, lapse, and revival
- Surrender and loan against policy
- Death and maturity claim process
- Early claims and fraud detection basics
Module 5: Distribution and Marketing of Life Insurance
- Agency model and agent training
- Bancassurance, brokers, direct and online sales
- Digital transformation and Insurtech in life insurance
- Marketing ethics and customer-centric selling
Module 6: Legal and Regulatory Framework
- IRDAI regulations relevant to life insurance
- Licensing and code of conduct
- Insurance Act and policyholder protection
- Grievance redressal mechanisms
Practical Knowledge from Industry Professionals
Our faculty’s extensive industry experience is the cornerstone of our exceptional insurance training
Girish Aswani
Girish Aswani is a seasoned financial educator and corporate trainer with over 20 years of experience in Sales, Finance, and the Insurance (BFSI) sector, including 16 years in Training and Development.
Stuti Gupta
Stuti Gupta is an experienced academician with over 11 years of teaching and leadership in Actuarial Science at Amity University.