Modern Courses

Colleges Offering Actuarial and Insurance Science

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Study of Insurance and allied issues are also known as Actuarial Science. The subject of Actuarial Science is gaining popularity with increasing activity in the sector. The opening up of the sector to private players has changes the pace of the industry. All these have also changed the scenario of training and career opportunities for the subject. Service orientation is the key skill to excel in this career.

Those specialized in Actuarial Science can find opportunities as Actuaries, Underwriters, and Surveyor and also in Investment, Marketing and Distribution departments of Insurance companies along with Third Party administrator and Insurance investigation and fraud detection. Starting salaries for en entry level job will be around Rs. 8000 to Rs. 15000. There are corporate institute such as IIRM which offer placements with better pay packs.

As the industry is setting to be more and more competitive and strategic in activities, aspiring professionals require competencies in communication skills, art of negotiation, team spirit, inter-personal skills and basic statistical and mathematical skills. Following are some of the institutions offering courses in Insurance, Actuarial Science and allied subjects such as risk management etc.

1. College of Insurance, Gresham Assurance Building, Sir PM Road, Fort, Mumbai, Maharashtra.
2. Directorate of Distance Education, Alagappa University, Karaikudi, Tamil Nadu.
3. Institute of Insurance Surveyors and Loss Adjusters, General Assurance Building, 2nd Floor, Dr DN Road, Fort, Mumbai-400 001
4. Directorate of Distance Education, Alagappa University, Karaikudi, TamilNadu.
5. Acturial Society of India, 9, Jeevan Udyog, III Floor, 278, D.N. Road, Fort, Mumbai, Website: www.acturiesindia.org
6. Insurance Training Centre, 25, Baranshi Ghosh Street, Kolkata.
7. Kalyani University, Kalyani, Nadia District, West Bengal.
8. The National Insurance Academy, Balewadi, Baner Road, Tolani Institute of Management Studies, PB No. 11, Adipur, Kachchh, 370205, Gujarat
9. Ernakulam Insurance Institute, C/o. LIC of India Divl. Office, Jeevan Prakash, M.G. Road, Ernakulam.
10. Amity School of Insurance and Actuarial Science, E- 27, Defense Colony, New Delhi.
11. Insurance Institute of India, Universal Insurance Building, 6th Floor, Sir P.M. Road, Mumbai- 400001. E-mail: insfeder@bom5.vsnl.net.in Website: www.insuranceinstituteofindia.com
12. Institute Of Insurance and Risk Management, Plot No.310, Road No.25, Jubilee Hills, Hyderabad, Andhra Pradesh. http://www.iirmworld.org.in/
13.MIMT (affiliated to Dr B.R. Ambedkar University, Agra), G.T. Road, Opposite to Indira Priyadarshini Park, Near Hindoo River Bridge, PO Mohan Nagar, Ghaziabad (UP).
14. College of Insurance, Gresham Assurance House, P, Mehta Road, Mumbai-400001.
15. College of Vocational Studies, Delhi University, Triveni (Sheikh Sarai), Delhi.
16. ICRIM, 52, Nagarjuna Hills, Punjagutta, Hyderabad ,E-Mail: info@icrimindia.org; Website: www.icrimindia.org
17. The ICFAI School of Finance and Management, 38, Nagarjuna Hills,
18. Actuarial Institute of India, 9 Jeevan Udyog, 278 Dr. D.N. Road, Mumbai.
19. College of Insurance, Gresham Assurance House, 4th Floor, Near RBI, Sir P.M. Road, Mumbai-400001 E-mail: insfeder@bom5.vsnl.net.in
20. College of Insurance, Gresham Assurance Building, Sir PM Road, Fort, Mumbai-400 001.
21. College of Vocational Studies, Delhi-110 017.
22. The Insurance Institute of India, Universal Insurance Building, 6th floor, Sir PM Road, Mumbai-400 001.
23. Birla Institute of Management and Technology, Pushpa Vihar, Sector-IV, New Delhi-110017 E-mail: bimtech@del2.vsnl.net.in Website: www.bimtechindia.org
24. The National Insurance Academy, Balewadi, Baner Road, Pune.
25.Institute of Insurance Surveyors and Loss Adjusters, General Assurance Building, 2nd Floor, Dr DN Road, Fort, Mumbai-400 001.
26. Insurance Training Centre, 25, Baranshi Ghosh Street, Kolkata.
27.Kalyani University, Kalyani, Nadia District, West Bengal-741 235.
28. Ernakulam Insurance Institute, C/o, LIC of India Divi, Office, Jeevan Prakash. M.G. Road, Ernakulam-11.
29. Tolani Institute of Management Studies, PB No 11, Adipur, Kachchh, 370205, Gujarat.

Top Colleges for MBA-M.S. Dual Degree

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MBA Dual Degrees with MBA + MS are comparatively new kind of programmes in India. These dual degree courses are also known as Twinning Programs as there are two institutions granting degrees. The courses are normally structured in such a manner that the foundation and general courses are studied along with a specialization in technical skill, specific to an industry. How to get admission into Amrita Business school, Bangalore, which is offering this course? Are there any other institutions in India which will provide dual degree, MBA + MS? Following are some best institute offering MBA Dual Degrees and their eligibility conditions and admission procedure:

1. Amrita School of Business, Bengaluru offers a unique collaborative Twinning Program, the MBA-MS. Candidates have the opportunity to earn an MBA from Amrita University and an MS (Master of Sciences) in Management of IT Services from the State University of New York at Buffalo, USA. Designed primarily for those who aspire to management positions in high-tech industries, this is also a two-year full-time program.

Students who aspire to do MBA – MS Program offered jointly by Amrita School of Business, Bengaluru and State University of New York, should have a minimum of 60% aggregate marks in the Secondary/Higher Secondary/Pre-degree examinations (or equivalent) and for the graduation examinations conducted by a Board/University. Minimum IBT – TOEFL score of 79 is a must for the students aspiring for MBA – MS Program. Candidates with appropriate industry experience will have an added advantage for admissions. Their work experience will be given due weightage (both in terms of where they have worked and the duration of work experience).

All candidates seeking admission to Amrita’s MBA Program are required to appear for the Common Admission Test (CAT) and/or GRE. MAT (AIMA) scores are also accepted at Amritapuri, Bengaluru and Kochi campuses. NRI and students of foreign origin are required to take the GMAT test (Maximum of five percent NRI and /or foreign candidates may be admitted through GMAT with a minimum score of 550) and they should process their application through Director, Corporate and International Relations, Amrita Vishwa Vidyapeetham, Ettimadai, Coimbatore, India.

2. Lovely Professional University, Jalandhar has a similar program, which offers students two choices at the end of Year I: i) Join partner/receiving university abroad for the completion of program; or ii) Complete the program at LPU without any international exposure.

3. At Christ University, one of the premier institutes in Bangalore, PGDM (Post Graduate Diploma in Management) is offered by the University in collaboration with FHWS in Germany which adds the MBA certification. Students get to spend three months in FHWS, Germany.

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