In our day to day life there might be chance happenings associated with financial loss like damage to valuable assets, premature mortality, illness and insurance is a device to offset these financial losses. Our country has a vibrant insurance sector with health insurance increasing gaining prominence over the years.
The growth in health insurance sector is the evident by the fact that insurance premium collection by the health insurance providers in the country has doubled during the period 2015-16 to 2019-20. The growth in health Insurance industry in India is driven by number of factors like increased demand for healthcare, increasing awareness about health insurance , wide choice of health insurance products, the thrust to health insurance sector due to government initiatives like Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana. Ongoing COVID-19 pandemic has provided further impetus to health insurance sector in the country.
Recent reforms by Insurance Regulatory and Development Authority of India have facilitated the expansion of health insurance sector in the country. The proportion of individual policies among total number of health insurance policies is comparatively less which unfurls business opportunities for the health insurance providers. All of the above has led to growing demand for trained professionals in health insurance. Health insurance sector in India offers multifarious career opportunities.
Some of the job titles in health insurance sector are Claims Manager, Actuary, and Underwriter etc. This sector presents an excellent opportunity for career growth. Symbiosis Institute of Health Sciences has been ranked 4th amongst colleges offering MBA in Healthcare as per The Economic times.
MBA Hospital and Healthcare Management programme at Symbiosis Institute of Health Sciences has curriculum designed to enable the development of skills and competencies in the students which are needed by the industry. The instruction about health insurance is imparted through class room teaching as well as by doing live project in industry, which enables students to acquire requisite skills and knowledge for a career in health insurance sector. The institute has a consistent track record of placements and students from previous batches of the programme have been placed with health insurance providers like Future Generali, Religare, ICICI Lombard, TATA-AIG etc.
To sum it up, excellent academic instruction coupled with steady track record of placements have made MBA Hospital and Healthcare Management Programme at Symbiosis Institute of Health Sciences a top rated programme amongst MBA in Healthcare programmes in the country.