The insurance sector is one of the booming sectors in the country. With opening of the economy and entry of private firms in the field of insurance, insurance business is seeing unprecedented growth. With multinational companies likely to join in too, the sector insurance will provide for one of the best employment opportunities. Claims management is one of the primary aspects of any insurance business which involves providing the best service to the insured party in respect of their claims. Much of the job of a person working as a claims manager in an insurance firm is to review insurance claims and ensure that the claims have been paid to the affected parties as per the rules and regulations of the company.
Eligibility and course duration
10+2 or an undergraduate degree in any of the streams from a recognized institution. The regular courses are all of 1-year duration.
More about the course
Claim management involves a series of processes beginning with registering a notice of claim from the insured party to the final step of paying the claim amount to all concerned. In between there are a number of things that are to be taken care of by the insurance firm like verifying the claim, inspecting the damage, check for fraud, arranging for repair of the damaged part or component, determine the claim amount and recover losses if any from third parties responsible for the damage. In a claim management diploma program you will learn everything specific to the insurance business. You will learn to maintain files concerning the claims. The course builds up on your analytical skills, a trait that is very essential in the insurance business to differentiate the right from the wrong. After all, fraudulent claims are quite common in the insurance sector. It's through experience and training only that one gets to become an effective claims manager in this highly competitive business.
No wonder, undertaking this course opens up a sea of opportunities for you in the insurance sector, both private and government. With each passing year, more and more people are getting aware of the benefits of insurance and the variety of insurance products in the market. With more companies likely to set up shop in the country, including some multinational ones, there will be no dearth of jobs in the insurance sector. After this course, one can do many other courses related to the insurance business.
Diploma Claims Management Admissions for 2022 - 2023 Academic Year
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