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MBA (Insurance & Risk Management)

Sambalpur University
Sambalpur University
Duration

2 Years

Type

PG

Mode

Distance

₹62,000

Total Program Fees

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NAAC A
UGC-Entitled
NIRF #51-100

Program Overview

MBA (Insurance & Risk Management) at Sambalpur University is shaped for learners who want quality education in insurance, risk management, and financial protection with the convenience of flexible study. The course covers key aspects of Business Statistics and Analysis, Managerial Economics, risk assessment, and insurance products, allowing learners to strengthen fundamentals while also understanding how the subject is used in professional or academic contexts. Its format allows learners to progress at a steady pace while staying connected to academic expectations and course outcomes. The programme can support career advancement, specialization, leadership growth, and professional upgradation in Risk Manager, Insurance Underwriter, and Claims Manager and related insurance operations, risk analysis, financial services, and compliance-support roles.

Program Highlights

Learner-friendly delivery with flexibility for those balancing education with professional or personal responsibilities.
A curriculum anchored in Business Statistics and Analysis, Managerial Economics, risk assessment, and insurance products, helping learners understand the subject from multiple angles.
Faculty guidance and curated study resources encourage regular learning and clearer concept retention.
Builds applied awareness through examples, activities, or projects connected to risk exposure, financial protection needs, and insurance decision contexts.
Creates a stronger base for higher studies, professional upskilling, or domain-relevant pathways in Risk Manager, Insurance Underwriter, and Claims Manager and related insurance operations, risk analysis, financial services, and compliance-support roles, with added focus on strategic perspective.

Curriculum

Semester I
  • MBA101 Business Statistics and Analysis
  • MBA102 Managerial Economics
  • MBA103 Business Environment
  • MBA104 Business Communication
  • MBA105 Human Values and Professional Ethics
  • MBA106 Financial Accounting for Managers
  • MBA107 Computer Application in Management
Semester II
  • MBA201 Legal Aspects of Business
  • MBA202 Quantitative Techniques for Managers
  • MBA203 Human Resource Management
  • MBA204 Corporate Financial Management
  • MBA205 Marketing Management
  • MBA206 Operations Management
  • MBA207 Business Research Methods
  • MBA208 Organizational Behaviour
Semester III
  • MBA301 Strategic Management
  • MBA302 International Business Management
  • MBA303 Summer Training
  • Project Report & Viva-voce
Semester III - Insurance & Risk Management (Major Specialization)
  • IR304 Principles & Practices of Life & General Insurance
  • IR305 Finance for Insurance
  • IR306 Health and Personal Accident Insurance
  • IR307 Data Mining Technique
  • IR308 Actuarial Mathematics
  • IR309 Risk Management & Life Insurance Underwriting
Semester IV
  • CP401 Entrepreneurship Development
  • CP402 Project Management
  • CP403 Dissertation and Viva-voce
  • Immersion Programme
Semester IV - Insurance & Risk Management (Major Specialization)
  • IRM404 Principles & Practices of Life & General Insurance
  • IRM405 Finance for Insurance
  • IRM406 Health and Personal Accident Insurance

Learning Outcomes

1
Within MBA (Insurance & Risk Management) from Sambalpur University, analyze risk exposure, financial protection needs, and insurance decision contexts using concepts from Business Statistics and Analysis, Managerial Economics, risk assessment, and insurance products.
2
Apply subject knowledge to solve risk evaluation, product selection, and operational control challenges with greater structure and clarity.
3
Evaluate insurance and risk choices using data, policy knowledge, and business judgement while considering prudence, compliance awareness, and customer suitability.
4
Create or present risk notes, insurance summaries, and decision reports with clear structure and practical relevance.
5
Build readiness for progression in Risk Manager, Insurance Underwriter, and Claims Manager and related insurance operations, risk analysis, financial services, and compliance-support roles through stronger subject understanding and applied thinking, while strengthening strategic perspective.

Eligibility Criteria

Students with any Undergraduate Degree from UGC recognised institutions

Fees & Financing

Exam Fee

Year 1

₹1,000

Year 2

₹1,000

Program Fee

Year 1

₹30,000

Year 2

₹30,000

Yearly Sum

Year 1

₹31,000

Year 2

₹31,000

Total Program Fees

2 years · all components included

₹62,000

💰 EMI Options Available

Starting from ₹2,583/month with 0% interest for first 6 months. Partner banks: HDFC, ICICI, Axis Bank.

About Sambalpur University

Sambalpur University

Sambalpur University

NAAC A UGC-Entitled NIRF #51-100

Sambalpur University is a state university under the University Grants Commission, Government of India. The Sambalpur University Act was passed by the Odisha Legislature on 10th December 1966 to fulfill the long-cherished dream of the people of Western Odisha for the establishment of a university. The University started functioning on 1st January 1967 with Prof. Parsuram Mishra as the first Vice-Chancellor. The University was inaugurated on 4th January 1967 by Hon'ble Chancellor A.N. Khosla. The University started functioning in 1967 in a rented private building at Dhanupali, Sambalpur, and in the Government building at Ainthapali, Sambalpur from 1968-72. In the year 1973, the University was shifted to the present campus named Jyoti Vihar at Burla.

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Frequently Asked Questions

What is the duration of an MBA in Insurance & Risk Management?
The MBA in Insurance & Risk Management is a 2-year program with 4 semesters.
What career opportunities are available after an MBA in Insurance & Risk Management?
You can work as a Risk Manager, Insurance Underwriter, Claims Manager, Compliance Officer, or Insurance Advisor.
What skills will I gain from an MBA in Insurance & Risk Management?
You’ll learn risk assessment, insurance operations, financial planning, compliance, and crisis management.
Is an MBA in Insurance & Risk Management suitable for working professionals?
Yes, it helps professionals build expertise in risk and insurance management for senior roles.
Can I pursue an MBA in Insurance & Risk Management through distance education?
Yes, SUV offers an MBA in Insurance & Risk Management specialisation through distance learning.
What will I learn in the MBA in Insurance & Risk Management?
The program covers insurance principles, risk assessment, underwriting, claims management, and regulatory frameworks-preparing you for roles in the growing insurance sector.
Who should consider this specialisation?
This specialisation is a great choice for those interested in understanding financial risk, managing uncertainty, and working with insurance products and policies.
How does this MBA specialisation support long-term career growth?
It opens up career paths in insurance companies, banks, and financial institutions, with roles like Risk Manager, Underwriter, Claims Specialist, and Compliance Officer offering strong growth potential.

Program Details

Duration 2 Years
Mode Distance
Fees ₹62,000

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