Insurance Law: Admission 2024, Entrance Exams, Top Colleges, Fees, Syllabus, Salary, and Scope
Pragati SinghSenior Executive - Content
Insurance Law course revolves around the practice of law related to insurance, which includes insurance policies as well as claims. Insurance Law can be broken down into three categories which include regulation of the business of insurance, regulation of claim handling, and regulating the content of insurance policies.
The body of law that controls insurance contracts and claims is known as Insurance Law. Because the insurance sector is continuously inventing new products and services, it is a complicated and dynamic field of law.
Insurance Law eligibility is that candidates who have cleared 10+2 with a minimum 55 percent aggregate can take admission to an Insurance Law course. Some of the top entrance exams for Insurance Law are CLAT UG, CUCET, ULSAT, AILET, LSAT, etc. Moreover, some of the top colleges for Insurance Law are NUJS, Amity University, UPES, GLA University, etc.
- Insurance Law Course Details: Highlights
- What is Insurance Law Course?
- 2.1 Why pursue Insurance Law?
- 2.2 Who can pursue Insurance Law?
- Insurance Law Admission Process
- 3.1 Insurance Law Eligibility Criteria
- Top Insurance Law Entrance Exams 2024
- Insurance Law Syllabus
- Best Insurance Law Colleges
- 6.1 Popular Insurance Law Government Colleges
- 6.2 Popular Insurance Law Private Colleges
- Insurance Law Career, Scope and Top Job Profiles
- 7.1 Top Insurance Law Recruiters
- Insurance Law FAQs
Insurance Law Course Details: Highlights
The highlights table provides information about the course types, duration, course fee and entrance exams for pursuing Insurance Law. Candidates can refer to this table for an idea about the average salary offered after completing this course as well as the top recruiters for Insurance Law graduates. Check key points related to courses related to Insurance Law in the table below:
| Insurance Law Highlights | |
|---|---|
| Course Level | UG, PG, Diploma |
| Mode of Study | Offline, online Full-time, part-time |
| Course Type | Degree, diploma, certificate |
| Course Duration | UG: 3-5 years PG: 1-2 years Certificate: Few hours to 6 months |
| Eligibility | UG: Class 12 or Graduation PG: Three-year/ Five-year LLB Certificate: Class 12 or Graduation |
| Admission process | Entrance-based, Merit-based |
| Course Fees | 10K- 2 lakhs |
| Top Colleges | NUJS, Amity University, UPES, GLA University |
| Average Salary | 3-8 LPA |
| Top Recruiters | Trilegal India, Khaitan &Co., Ahlawat & Associates, Sagar Associates |
| Entrance Exam | CLAT UG, CUCET, ULSAT |
| Job Positions | Legal Manager, Contract Attorney, Legal Advisor, Legal Researcher, Legal Assistant |
Insurance Law Information You Might Be Interested In:
Q: What is Insurance Law all about?
Insurance law deals with the legal regulations that governs the insuarnce contracts. It aslo covers insurance in various aspects such as life insurance, property insurance, liability insurance, and health insurance.
What is Insurance Law Course?
Insurance Law course covers the regulation of the insurance industry, regulation of insurance contracts, and regulation of insurance claims. This includes laws governing insurance company licensing and operation, as well as the types of insurance products they can offer, laws governing the terms and conditions of insurance policies, as well as the rights and obligations of both the insured and the insurer, and laws governing the process of filing and processing insurance claims, as well as the remedies available to insureds if their claims are denied.
Why pursue Insurance Law?
Insurance Lawyers usually make a nice living. This is due to the fact that the insurance industry is highly profitable, and insurance firms are prepared to pay top price for qualified lawyers. Insurance attorneys can assist clients in a variety of ways. For example, they can assist consumers in obtaining the necessary insurance coverage, filing and processing insurance claims, and fighting insurance companies that have refused their claims.
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Who can pursue Insurance Law?
Aspirants can pursue undergraduate (UG) as well as the postgraduate (PG) level programs in the field of Insurance Law. In UG level courses candidates need to pursue integrated law programs wherein after completing a basic graduation degree they can specialise in Insurance Law whereas in a PG level law course aspirants can straight away specialise in Insurance Law. Some popular PG level courses in Insurance Law are – LLM in Insurance Law, MA in Business Law with specialization in Insurance, Banking and Financial Services and the likes. Apart from degree programs, candidates can also pursue diploma programs or certificate courses in the field of Insurance Law. Some of these popular courses are Certificate Course in Insurance Laws, Post Graduate Diploma in Taxation and Insurance Laws, Diploma in Insurance Law etc.
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Q: What is the duration of an Insurance Law course?
Hi,
The Insurance Law course duration can vary based on the colleges and the qualification level. UG courses typically last 3 to 4 years. Plus, PG courses can range from 1 to 2 years.
Hope it helps !!
Insurance Law Admission Process
Following is the Insurance Law admission process:
- Research Institutions: Identify institutions offering Insurance Law courses.
- Check Eligibility: Ensure you meet the minimum academic requirements (e.g., graduation, specific subjects).
- Prepare for Entrance Exams: If applicable, study for entrance exams like CLAT, LSAT, or institutional-level tests.
- Submit Application: Complete the application form with necessary documents (e.g., transcripts, certificates, essays).
- English Proficiency: Provide English proficiency test scores (if required).
- Interviews: Attend interviews if part of the selection process.
- Wait for Results: Await notification of acceptance or rejection.
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Insurance Law Eligibility Criteria
The eligibility criteria for an Insurance Law course may vary from college to college. Following are the qualification requirements based on the different course levels:
- 10+2 or equivalent with a minimum of 50 percent marks
- Some institutions may require specific subjects like English, Maths, or Science
- Graduation in any discipline with a minimum of 50 percent marks
- Some institutions may require specific subjects like English, Maths, or Science
- Entrance exams like CLAT, LSAT, or institutional-level entrance exams may be required
- Bachelor of Laws (LLB) degree with a minimum of 50 percent marks
- Some institutions may require specific subjects like Insurance Law or related fields
- Entrance exams may be required
- Master of Laws (LLM) degree with a minimum of 50 percent marks
- Research proposal and entrance exams may be required
- Some institutions may require relevant work experience or publications
Q: What is the minimum educational qualification required to pursue an Insurance Law course?
Hi,
Generally, a bachelor's degree in law is needed to pursue an Insurance Law course. However, few colleges can accept students with a bachelor's degree in other fields also, specifically if they have relevant work experience or have taken relevant law courses.
Hope it helps !!
Top Insurance Law Entrance Exams 2024
CLAT UG and PG are the two most important entrance examinations to pursue a course in Insurance Law. Some other entrance exams include SET conducted by Symbiosis University and the BHU Entrance Exam.
Other entrance examinations and their details are given in the table below:
| Insurance Law Exams 2025 |
Insurance Law Exam Schedule 2025 |
|---|---|
NOTE: This information is sourced from the official website of the institute/exam.
Insurance Law Information You Might Be Interested In:
Jun '24 | CT SET 2024 Counselling Start TENTATIVE |
Jun '24 | CT SET 2024 Result TENTATIVE |
15 Dec ' 24 | AIBE 19 admit card Date 2024 |
22 Dec ' 24 | AIBE 19 exam date 2024 |
9 Dec ' 24 - 10 Dec ' 24 | CLAT 2025 Final Answer Key |
10 Dec ' 24 | CLAT 2025 Result |
To Be Notified: | MH CET Law 2025 Application (for 3-year LLB) |
To Be Notified: | MH CET Law 2025 Application (for 5-year LLB) |
Q: Are there any specific entrance exams for admission to Insurance Law course?
While many colleges may have their own admission processes, few common entrance exams for law courses like Insurance Law, are CLAT (Common Law Admission Test) and LSAT (Law School Admission Test).
Insurance Law Syllabus
The subjects/ topics taught as part of Insurance Law course may vary from college to college. Aspirants can go through course curriculum of PG level Insurance Law programs offered at colleges in India below:
| Insurance Law PG Courses |
||
|---|---|---|
| Introduction to Law and Legal Systems |
Commercial Contracts, Drafting & Negotiation |
Business Structuring, Accountancy & Law Taxation |
| Corporate Governance and CSR |
Business Centric Dispute Resolution |
Banking Law |
| Insurance Law |
Regulation of Technology based Payment Method |
Corporate Finance, Investment Laws & Compliances |
Relevant Information For CLAT 2025:
How to clear CLAT 2025 in first attempt?
Q: What core subjects are covered in an Insurance Law course?
The core subjects that are in an Insurance Law course generally are:
- Insurance claims and disputes
- General principles of insurance
- Insurance fraud
- Life insurance law
- Property insurance law
- Liability insurance law
- Health insurance law
Best Insurance Law Colleges
Candidates select colleges based on their cost structure and placement chances. There are approximately 6 law colleges that offer Insurance Law courses at all levels of study, including UG and PG. Short-term diploma courses in Insurance Law are also available at several colleges.
Admission to these courses is solely based on entrance exams administered by the university, a consortium of colleges, or any state-level entrance examination. Colleges admit students based on merit for graduation or short-term courses. The list below includes some of the best public and private colleges.
Popular Insurance Law Government Colleges
There is only one Insurance Law government institute as per the records:
| Institute | Tuition Fees |
|---|---|
| NUJS, Kolkata | -- |
Note: The fee range given above is for all level Insurance Law courses such as UG, PG and Diploma.
Popular Insurance Law Private Colleges
Below are popular private Insurance Law institutes providing these courses:
| Institute | Tuition Fees |
|---|---|
| Amity University, Noida | INR 1.37 L |
| GLA University | INR 1.4 L |
| NUJS, Kolkata | -- |
| Osmania University, Hyderabad | -- |
| Radha Govind University | -- |
| School of Law, UPES Dehradun | INR 19.4 - 20.4 lakh |
Note- This information is sourced from the official website/ counselling body and may vary.
Q: What are the top colleges in India offering Insurance Law courses?
Below are some of the Insurance Law colleges:
| Institute | Tuition Fees |
|---|---|
| Amity University, Noida | INR 1.37 L |
| GLA University | INR 1.4 L |
| NUJS, Kolkata | -- |
| Osmania University, Hyderabad | -- |
| Radha Govind University | -- |
| School of Law, UPES Dehradun | INR 19.4 - 20.4 lakh |
Note- This information is sourced from the official website/ counselling body and may vary.
Q: What factors should I consider when choosing a college for Insurance Law course?
When choosing an Insurance Law college, consider factors such as the college's reputation, faculty expertise, course curriculum, placement records, and location.
Popular Private Insurance Law Colleges in India
Insurance Law Career, Scope and Top Job Profiles
Candidates who pursue a UG-level course with Insurance Law as a specialization can either pursue a PG level law course with the same specialization or they can even consider getting a job. One of the most popular job profiles after completing a course in Insurance Law is to become an Insurance Lawyer.
Apart from this, candidates can also pursue other law job profiles after completing their Insurance Law course from a reputed college/ university. Some of the job profiles include:
| Insurance Law Jobs | Job Description | Insurance Law Salary |
|---|---|---|
| Tax Lawyer | A tax lawyer is a lawyer who focuses on taxation. The body of law that governs the taxation of persons and businesses is known as tax law. | INR 7- 9 LPA |
| Insurance Agent | Insurance agents might work for a single insurance company or as independent agents for several insurance providers. | INR 5- 7 LPA |
| Insurance Lawyer | A lawyer who specializes in Insurance Law is known as an Insurance Lawyer. The body of law that controls insurance contracts and claims is known as Insurance Law. | INR 6- 9 LPA |
| Legal Advisor | A legal advisor is a professional who gives individuals and organizations legal guidance and counsel. | INR 7- 10 LPA |
| Insurance Management Trainee | An insurance management trainee is someone who is studying to become an insurance manager. | INR 8- 10 LPA |
Note- The above salary has been taken from external sources, and hence may vary.
Insurance Law Scope Relevant Information :
Top Insurance Law Recruiters
There are various insurance companies running in India.These firms provide a wide range of insurance products and services, such as life insurance, health insurance, vehicle insurance, house insurance, and travel insurance. They have a strong presence throughout India and provide services through a network of branches and agents. Some of the popular recruiters for Insurance Law are as follows:
| Insurance Law Top Recruiters | |
|---|---|
| Insurance Regulatory and Development Authority of India | Life Insurance Corporation of India |
| HDFC Life Insurance Company | Max Life Insurance Company |
| ICICI Prudential Life Insurance | Bharti AXA Life Insurance Company |
| Tata AIA Life Insurance Company | Bajaj Allianz Life Insurance Company |
Insurance Law Information You Might Be Interested In:
Q: What career opportunities are available for Insurance Law graduates?
Graduates can find various Insurance Law careers in insurance companies, law firms, government agencies, and regulatory bodies. They can work as insurance lawyers, claims adjusters, underwriters, risk managers, or compliance officers.
Q: What companies are the top recruiters for Insurance Law graduates?
Top recruiters for Insurance Law graduates are IC, HDFC Ergo, Bajaj Allianz, and Reliance General Insurance, law firms, and government agencies such as the Insurance Regulatory and Development Authority of India (IRDAI).
Insurance Law FAQs
Below are some common FAQs for this course:
Q: Can I apply to multiple Insurance Law programs simultaneously?
Yes, you can apply to multiple Insurance Law courses togethher. Aslo, make sure that you meet the specific application deadlines and requirements for each program.
Q: What is the average fee to pursue an Insurance Law course in India?
The average fee for an insurance law course in India may vary, depending upon the institute and whether it is government-managed or owned. The average cost is usually between INR 2 and 5 lakhs.
Most Popular Courses
Popular Insurance Law UG Courses
UG Courses
- B.A. LL.B. (Hons)
2 Colleges
- B.Com LL.B
1 College
- BBA LL.B. (Hons)
1 College
Popular Insurance Law PG Courses
PG Courses
- LL.M.
2 Colleges
- PG Diploma
2 Colleges
- M.A.
1 College
News & Updates
Student Forum
Anything you would want to ask experts?Answered 2 months ago
The average fee for an insurance law course in India may vary, depending upon the institute and whether it is government-managed or owned. The average cost is usually between INR 2 and 5 lakhs.
P
Contributor-Level 10
Answered 2 months ago
When choosing an Insurance Law college, consider factors such as the college's reputation, faculty expertise, course curriculum, placement records, and location.
P
Contributor-Level 10
Answered 2 months ago
Top recruiters for Insurance Law graduates are IC, HDFC Ergo, Bajaj Allianz, and Reliance General Insurance, law firms, and government agencies such as the Insurance Regulatory and Development Authority of India (IRDAI).
P
Contributor-Level 10
Answered 2 months ago
Graduates can find various Insurance Law careers in insurance companies, law firms, government agencies, and regulatory bodies. They can work as insurance lawyers, claims adjusters, underwriters, risk managers, or compliance officers.
P
Contributor-Level 10
Answered 2 months ago
Below are some of the Insurance Law colleges:
| Institute | Tuition Fees |
|---|---|
| Amity University, Noida | INR 1.37 L |
| GLA University | INR 1.4 L |
| NUJS, Kolkata | -- |
| Osmania University, Hyderabad | -- |
| Radha Govind University | -- |
| School of Law, UPES Dehradun | INR 19.4 - 20.4 lakh |
Note- This information is sourced from the official website/ counselling body and may vary.
P
Contributor-Level 10
Answered 2 months ago
Yes, you can apply to multiple Insurance Law courses togethher. Aslo, make sure that you meet the specific application deadlines and requirements for each program.
P
Contributor-Level 10
Answered 2 months ago
While many colleges may have their own admission processes, few common entrance exams for law courses like Insurance Law, are CLAT (Common Law Admission Test) and LSAT (Law School Admission Test).
P
Contributor-Level 10
Answered 2 months ago
Hi,
Generally, a bachelor's degree in law is needed to pursue an Insurance Law course. However, few colleges can accept students with a bachelor's degree in other fields also, specifically if they have relevant work experience or have taken relevant law courses.
Hope it helps !!
P
Contributor-Level 10
Answered 2 months ago
Hi,
The Insurance Law course duration can vary based on the colleges and the qualification level. UG courses typically last 3 to 4 years. Plus, PG courses can range from 1 to 2 years.
Hope it helps !!
P
Contributor-Level 10
Answered 2 months ago
The core subjects that are in an Insurance Law course generally are:
- Insurance claims and disputes
- General principles of insurance
- Insurance fraud
- Life insurance law
- Property insurance law
- Liability insurance law
- Health insurance law
P
Contributor-Level 10
Answered 2 months ago
Insurance law deals with the legal regulations that governs the insuarnce contracts. It aslo covers insurance in various aspects such as life insurance, property insurance, liability insurance, and health insurance.
P
Contributor-Level 10
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What is the average fee to pursue an Insurance Law course in India?