IGNOU MBA in Insurance is focused on professionals or aspiring professionals in the insurance industry. The admissions to the program are conducted through IGNOU.
IGNOU MBA in Insurance
IGNOU MBA in Insurance is a two year regular program focused on professionals or aspiring professionals in the insurance industry.
Insurance sector is a big business market; it’s as big as banking or any other kinds of financial markets that exits in the world. In most of the developed nations insurance is something that’s a necessity for all the citizens to get their basic needed done. In India insurance is not as compulsory as other developed nations but its importance is steadily increasing every year. With a huge chunk of our urban population are using the service nowadays mostly life insurance and health insurance.
In India from the year 1999 insurance sectors is opened to private players for business and there was a sudden big change seen in the sector. A lot of new players have come into the business including some of the world’s best. This rapid growth in the insurance sector is driving our educational institutions to train efficient managers who can effectively deal with the floods and flames in the sector.
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Semester fee: ₹ 40,000
Total program fee: ₹ 160,000
It follows a semester based fee structure and semester fee is ₹ 40,000.
Graduation in any stream with at least 50% marks or equivalent grades from any recognized university.
Duration: 2 Years
Like other IGNOU MBA programs MBAI also follows a basic semester based system with 4 semesters in total and each semester with duration of 6 months. The total program duration is 2 years.
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Who Should Choose and Why?
As the name suggests the program is a specialized MBA program from IGNOU to train and develop efficient workforce for the growing insurance sector. Anybody with a graduation in finance/business/management/commerce will have their upper hand while learning MBAI as the program is designed on the lines of business and management programs. Like all other IGNOU MBA programs this program also is a boon for in-service personals who is already working in insurance sector or who are willing to work in insurance sector.
The basic career opportunities after completing MBAI revolve around the insurance sector or any other similar financial/banking organizations. For in-service personals the biggest career advantage you would receive after completion of MBA in Insurance program would be career boost and reputation. The program will also provide you a wonderful opportunity for those who are willing to shift career from others to insurance sector.