Diploma in Insurance

Programme Description

The Department of Insurance and Valuation offers the ‘Diploma in Insurance’ to cater to the long felt need of the Insurance Industry in Sri Lanka as there is not a single diploma programme in insurance offered by any university. This one-year diploma course launched at a time when Sri Lanka needs fully fledged professionals in the spheres of insurance and valuation. The prime objective of this diploma is to provide a firm grounding in insurance fundamentals and to enable candidates to build towards advanced technical knowledge thereby ensuring candidates have the means to function effectively in a challenging environment.

This diploma course comprehensively covers all aspects of life and general insurance and fundamental concepts in management. The Diploma provides an enhanced understanding of insurance practice, both in terms of technical subject matter and overall management skills. It will develop participants’ understanding of the theory and practices of insurance and its role in risk management, and economy. This is a professional qualification for insurance staff functioning across all sectors of the industry. Department is expected to take about 50 candidates for this diploma in each year.

The target group of the diploma programme is as follows
• Junior Managerial level employees in the insurance industry who intended to build up their career in insurance field

• Insurance technicians and those who aspire to be technicians

• Supervisors ,tem leaders, insurance intermediaries and those with long-term ambitions of assuming managerial responsibilities

• Anyone wishing to hold a recognized, respected insurance qualification

• Insurance staff employed in support functions wishing to develop their knowledge of the business

Entry Qualifications

No person shall be considered for admission to the diploma unless he/she has any one of the following qualification

  • G.C.E advanced level passed or
  • G.C.E Advanced level 2 subjects with two years relevant working experience or
  • G.C.E ordinary level with 3 years relevant working experience or
  • Qualification other than those listed above can be acceptable case by case to the board of study and the senate

Program Fees

*Rs.70,000 excluding the registration fee. The students are provided with installment payment scheme
* Subject to changes of the board of study

Programme structure and Course Descriptions

Students are compulsory to follow nine compulsory subjects and submit a comprehensive project report at the end of the course.

Code                        Course Name                              Credits
                                      First Term
INSD 114      Principles & Practice of Insurance             04
INSD 124      Insurance Law Regulations                        04
INSD 134      Life Assurance                                              04
INSD 144      Property Insurance                                       04
INSD 154      Business Practice                                         04
INSD 160      Seminar                                                          00

Credits for Term I 20

                                    Second Term
INSD 213      Liability Insurance                                         03
INSD 223      Claims Management                                    03
INSD 234      Organizational Behavior                              04
INSD 244      Customer Relationship Management       04
INSD 256      Project Report                                                06
Credits for Term II 20
Total Credits for the Diploma 40

Length of the Programme

The Diploma in Insurance is organized on a term system over a period of one Academic Year. An academic year consists of two terms, and each term consists of six months. The examinations shall be held at end of each. The classes will be held on week-ends.

Primary Point of Contact

Diploma in Insurance
Department of Insurance and Valuation
Faculty of Business Studies and Finance
Wayamba University of Sri Lanka
Tele: 037-2284213

Email: priyankachandrarathne@gmail.com




Contact Us

Lional Jayathilake Mawatha,
Kuliyapitiya, 60200,Sri Lanka.
Tel : +(94) 37 22 81412, +(94) 37 22 81414, +(94) 37 22 83614
E-Mail :  info@wyb.ac.lk