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Bachelor of Business Administration (BBA) Insurance Top Colleges, Syllabus, Scope and Salary 2023

B.B.A. Insurance or Bachelor of Business Administration in Insurance is a 3-year undergraduate Banking course, eligibility to which is Sr. Secondary (10+2) with 50% marks with Commerce/Mathematics as a subject at Secondary / Sr. level will be preferred and Proficiency in English communication. The degree course consists of six semesters in which the first four semesters are common to all the BBA programs and the last two concentrate and focus on the specialized subjects and topics related to the fields of Insurance Management.

Top Institutes offering BBA Insurance are:

BBA Insurance studies the fundamentals and concepts used and practiced in the Insurance Management sectors. B.B.A. Insurance degree course covers the study of the basic concepts of management with specialized training in subjects such as International Insurance Management, Treasury Operations, Risk Management, Investment Banking, Project & Infrastructure, etc.

Such graduates are hired in capacities such as Administrative Officer (AO), Credit and Risk Manager, Assistant Controller, Customer Service Representative, Internal Auditor, Asset Manager, Insurance Manager, Agent and Broker, Investment Analyst, Loan Counsellor, Investment Banker, Loss Control Specialist, Personal Financial Advisor, Recovery Agent, Loan Officer, Stock Analyst, Treasurer etc.

The average tuition fee charged for the course in India ranges between INR 5000 and 2 Lacs for a span of 3 years, the salary structure in public sector insurance companies is as per govt. rules depending on different positions. Whereas in private sector insurance companies the salary structure is more lucrative for management graduates working in marketing and sales sector with an initial salary starting from INR 15,000 to 25,000 per month.

BBA Insurance: Course Highlights

Listed below are some of the major highlights of the course.

Course Level Graduation
Duration 3 years
Examination Type Semester System/Year wise
Eligibility 10+2 with 50% marks with Commerce/Mathematics
Admission Process based on entrance exam
Course Fee INR 5,000 to 5 Lakhs
Average Starting Salary INR 3 to 20 lakhs per annum
Top Recruiting Companies Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC), Life Insurance, ICICI Prudential, Om Kotak Mahindra, Birla Sun-Life, Tata AIF Life, Reliance, HDFC Standard Life-Insurance Co., Max New York Life, SBI Life Insurance, ING Vysya Life, ICICI Lombard, Royal Sundaram, Cholamandalam, IFFCO Tokyo, Tata AIG etc.
Top Recruiting Areas Research Agency, Health Department, Automobile Industry, Credit Companies, Aviation Industry, Educational Institute, Property Developer, Bank, Business School, Charity Association, Insurance Industry, Credit Union, Mortgage Company, Savings, and Loan Association, Consultancy, Shopping Mall etc.
Job Positions Administrative Officer (AO), Credit and Risk Manager, Assistant Controller, Customer Service Representative, Internal Auditor, Asset Manager, Insurance Manager, Agent and Broker, Investment Analyst, Loan Counsellor, Investment Banker, Loss Control Specialist, Personal Financial Advisor, Recovery Agent, Loan Officer, Stock Analyst, Treasurer etc.

BBA Insurance: What is it about?

B.B.A. Insurance degree courses are designed to create efficient and up-to-date financial and insurance planners. This degree provides students with a basic understanding of the financial and insurance markets.

They should have the basic knowledge of the industry, good communication skills both written and verbal, interpersonal skills, leadership qualities, capacity to motivate team members, ability to deal with customers, ability to use computers and related technology and an alert nature.

Candidates ought to likewise have a mathematical aptitude, an unmistakable analytical and logical personality, and sound learning of the insurance system with breakthrough information of recent improvements. Candidates who are willing to have further degrees such as Masters and then research works also suitable for the course.

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BBA Insurance: Top Institutes

Listed below are some of the top institutes in India that offer the course.

Name of Institute City  Average Fees
Jain University Bangalore INR 1,45,000
Doon Business School Dehradun INR 1,32,000
Suresh Gyan Vihar University Jaipur INR 77,938
Vels University Chennai INR 99,400
St Joseph's College Of Commerce Bangalore INR 85,800
Amity University Noida INR 3,53,000
IIKM Business School Chennai INR 1,53,000
Mewar University Chittorgarh INR 55,500
St Teresa's College Ernakulam INR 22,000
Sobhasaria Engineering College Sikar INR 71,800
Gems B School Bangalore INR 1,11,000
Sanskriti University Mathura INR 50,500
Mm Institute Of Management Ambala INR 65,686
Christ Institute Of Management Rajkot INR 32,000
Sunshine Group Of Institutions Rajkot INR 41,400
IFIM College Bangalore INR 2,00,000
Master School Of Management Meerut INR 46,000
Alliance School Of Business Bengaluru INR 1,50,000
Institute Of Business Management And Research INDORE INR 52,000
Brihan Maharashtra College Of Commerce Pune INR 1,14,000

Eligibility for BBA Insurance 

Sr. Secondary (10+2) with 50% marks with Commerce/Mathematics as a subject at Secondary / Sr. level will be preferred from a reputed board and Proficiency in English communication.

BBA Insurance: Admission Process

Since the majority of the universities have their own Entrance Examinations, it is informed to keep a track with respect to the Entrance Exams for BBA. The application forms, for both correspondence and the common entrance exam, are easily available online and offline.

BBA entrance exams in India,

BBA Insurance: Syllabus and Course Description

A year-wise breakup of the course’s syllabus is tabulated here.

Semester I Semester II
Business Organisation Business Economics
Business Communication Business Mathematics
Introduction to Computers Business Environment
Financial Accounting Life Insurance
Principles of Insurance Health Insurance
Semester III Semester IV
Principles of Marketing Personality Development
Basics of Human Resource Management Employment enhancing skills-I
Basics of Financial Management Principles & Practices of Insurance (Fire & Engineering)
Business Ethics Motor Insurance
Principles & Practices of Insurance (Marine & Misc) Report writing
Semester V Semester VI
Research Methodology Management Information System
Business Laws Employment enhancing skills-III
Employment enhancing skills-II Underwriting & Claims
Marketing of Insurance Customer Relationship Management
Legal Framework of Insurance Industrial Training

BBA Insurance: Career Prospects

Insurance is a trillion-dollar business that employs a humongous number of people. It is a stable yet dynamic industry that provides a wealth of advancement and career opportunities. As the population and wealth grow, the demand for insurance professionals is also on the increase.

Graduates are being mostly hired by government banks for various posts on the basis of All India Examination. Graduates from commerce stream are given more preference, but anyone from any stream is eligible to enter into this field by qualifying the Entrance exams which are being conducted by banks every year. At senior level banks opt for experienced bankers.

Related BBA Insurance courses are:

Read more about Bachelors courses in management

Some of the popular professional avenues open to successful graduates/ postgraduates of the course are listed below with the corresponding salaries offered for the respective positions.

Bachelor of Business Administration [BBA] (Insurance Management) annual salary
Job Position Job Description Average Annual Pay Scale in INR
Credit and Risk Manager Risk managers exhort associations on any potential dangers to the productivity or presence of the organization. They distinguish and evaluate threats, set up plans place for if things turn out badly and choose how to keep away from, reduce or transfer risks. 9,92,343
Assistant Controller An assistant controller oversees everyday records, and exercises and frequently administers any internal auditing. The assistant controller must have a decent industry learning of financial regulations to guarantee that the finance department is working inside those parameters. 7,34,696
Asset Manager The essential capacity of the Asset Manager is to aid all parts of the regulatory, money-related, capital and operations of the allotted portfolio. Basic Functions: Oversee nearby outsider property directors and renting specialists. Aid the arrangement and endorsement procedure of property operating budgets. 4,98,299
Insurance Manager In charge of managing operations inside protection rehearse. Oversees agents, specialists, and appraisers. Insurance claims are handled in a convenient way and resolve issues that emerge amid process. 7,30,048
Investment Banker Investment bankers assume a part in helping their customers raise funding to back different exercises and develop their organizations. They are financial advisory middle people who help value capital and apportion it to different employments. 9,02,800

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