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Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
The Swayam website hosts the Fundamental of Insurance course. Swayam is a program initiated by the government of India to make education accessible to every Indian, irrespective of their economic standing. The course imparts basic knowledge to a student who requires knowledge to get into the insurance industry.
Swayam gives all its courses free of cost, although the course materials are created by leading experts in different fields. But candidates who want to have a certificate from the course have to write an end-term exam for which they need to pay a small exam fee. The highly acclaimed course instructor, Dr. K. Uma, is a faculty member of Madurai Kamraj University.
In a risky environment, insurance is an absolute necessity because it protects individuals and businesses from unexpected losses. But due to a lack of awareness among people, the insurance penetration and density in India is very low. The Fundamental of Insurance course by Swayam hopes to spread awareness about the basic concepts of insurance and make it more widespread throughout the country.
The Highlights
- Undergraduate level course
- Video lectures
- Additional reading material (download / print)
- Quizzes and tests
- Discuss online to clear any doubts
- 12-week course
- Credit transfer to university courses
- End-term exam to be held in-person
- Designated Swayam examination centers around the country
Programme Offerings
- Assessment Test
- quizzes
- discussions
- Online exams
- Online Classes
- Government approved certificates
- Industry-orientation
- Multi-disciplinary teaching
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | Madurai Kamaraj University |
Eligibility Criteria
Certification Qualifying Details
When candidates complete the Fundamental of Insurance course by Swayam, they need to appear for a proctored exam to get the certificate.
What you will learn
- Understand the fundamentals of Insurance
- Understand how to spread basic awareness about the need for insurance
- Learn about the basic principles and types of insurance
Who it is for
The course can be useful for anyone hoping to become aware of the basics of insurance policies. Individuals as well as businesses can benefit from this course. Students who complete this course will have an added advantage in the job market. The insurance market in India is largely unexplored and there is massive potential for job creation in this sector. The Swayam certification will be a major boom for candidates hoping to get into this growing sector.
Admission Details
Admission procedure to the Fundamental of Insurance course by Swayam
- Open Swayam webpage. Select the Fundamental of Insurance course from the course catalogue/press the link https://onlinecourses.nptel.ac.in/
- Use ‘Sign-in / Register’ button
- Log-in to your Swayam account
- Candidates who do not have an account need to open a new one. Enter an email id, make a username and create an account password
- Candidates need to then verify their email ids by using the verification code sent to them
- Candidates who complete this process are successfully registered for the course
- Candidates who want to get their certificate have to answer the end-term exam at a Swayam exam center nearby
The Syllabus
- Risk and Insurance
- Features and Function of Insurance
- Principles of Insurance
- Basics of Life Insurance
- Principles of Insurance for Life
- Types of Policies for Life
- Policy Conditions for Life Insurance
- General Insurance
- Fire Insurance - Origin and Nature
- Principles of Fire Insurance
- Types of Fire Insurance Policies
- Policy Conditions for Fire Insurance
- Basics of Marine Insurance
- Principles of Marine Insurance
- Types of Marine Insurance Policies
- Marine Insurance Clauses and Policy Conditions
- Basics of Health Insurance
- Health care and Health Insurance
- Health Insurance Plans
- Health Insurance - Policy Procedure
- Health Insurance - Third Party Administrators
- Health Insurance - Claim Procedure
- Motor Insurance
- Miscellaneous Insurance - (Business and Personal Package)
- Miscellaneous Insurance - (Industrial, Engineering and Rural)
- Re Insurance
- Annuity and surrender value
- Insurance Regulatory and Development Authority of India(IRDAI
- Legal dimensions of Insurance
- Insurance Marketing
- Indian insurance market
- Conclusion
Evaluation process
Candidates need to complete the registration process for the end-term exam including payment of the exam fee. At the time of registration, candidates can select an exam centre convenient for them.
The exam has to be given in-person on the date specified for the exam. Final marks – 70 percent from end-term exam + 30 percent from assignments. Marks from assignments – 30 percent of marks from all total marks of all the course assessments. Marks from the exam – 70 percent of the total marks received in the end term exam out of 100 marks.