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Risk Management and Insurance Planning

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Risk Management and Insurance Planning

Instructor: EDUCBA

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Gain insight into a topic and learn the fundamentals.
2 weeks to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

Gain insight into a topic and learn the fundamentals.
2 weeks to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Analyze financial risks and determine appropriate insurance coverage needs.

  • Evaluate life insurance products, underwriting, and premium calculations.

  • Design risk protection and insurance strategies for financial planning goals.

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Recently updated!

May 2026

Assessments

28 assignments

Taught in English

Build your subject-matter expertise

This course is part of the Financial Planning and Wealth Management Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate

There are 7 modules in this course

Learn how to analyze financial risks, evaluate insurance products, and design effective protection strategies for individuals, families, and businesses. Build practical insurance planning skills used in personal finance and risk management.

This course provides a structured introduction to risk management and insurance planning, helping learners understand how insurance protects financial stability and supports long-term financial goals. You’ll explore the foundations of financial risk, the role of insurance in managing uncertainty, and the importance of medical insurance, retirement planning, and pension systems in modern financial planning. Throughout the course, you’ll examine practical risk management strategies, insurance calculations, policy structures, and legal frameworks that govern insurance contracts. You’ll also learn how different insurance products—including life insurance policies and ULIPs—are designed to address specific financial risks and protection needs. The course further explores underwriting, premium pricing, and actuarial concepts used by insurers to assess risk and maintain sustainable insurance operations. Practical examples and case-based applications help learners connect insurance theory with real-world financial planning decisions. What makes this course unique is its integration of insurance concepts with practical financial protection planning. By the end of the course, you’ll be able to confidently evaluate insurance products, interpret policy features, analyze coverage requirements, and apply risk management strategies to support effective financial decision-making and long-term protection planning.

This module introduces the foundational concepts of risk, insurance, and pension systems. Learners explore the nature of financial risk, the role of insurance in managing uncertainty, and the importance of medical insurance and retirement planning as essential components of personal financial protection.

What's included

8 videos4 assignments

8 videosTotal 60 minutes
  • Details of Medical Insurance11 minutes
  • NeRisk and Liabilityw Video7 minutes
  • New Pension Scheme Introduction1 minute
  • New Pension Scheme Details11 minutes
  • Insurance Theory Review3 minutes
  • Risk and Insurance Concepts Review8 minutes
  • Insurance Principles Review8 minutes
  • Life Insurance Concepts Review12 minutes
4 assignmentsTotal 60 minutes
  • Foundations of Risk and Insurance30 minutes
  • Understanding Risk and Insurance Basics10 minutes
  • Exploring Pension Systems10 minutes
  • Core Insurance Concepts10 minutes

This module focuses on practical approaches to risk management and insurance planning. Learners explore strategies for identifying, evaluating, and managing risks while understanding how insurance calculations and real-life case applications support effective financial protection planning.

What's included

8 videos4 assignments

8 videosTotal 65 minutes
  • Risk Management Concepts Review6 minutes
  • Insurance Policy Concepts Review10 minutes
  • Insurance Contract Concepts Review8 minutes
  • Insurance Planning Concepts Review10 minutes
  • Insurance Practice Review4 minutes
  • Insurance Calculation Concepts7 minutes
  • Insurance Needs Calculation7 minutes
  • nsurance Premium Calculation12 minutes
4 assignmentsTotal 60 minutes
  • Risk Management and Insurance Practice30 minutes
  • Risk Management Foundations10 minutes
  • Insurance Planning Fundamentals10 minutes
  • Insurance Calculations and Applications10 minutes

This module explores insurance coverage analysis and the core principles that govern insurance operations. Learners study the historical development of insurance, key industry terminology, and foundational principles that ensure fair risk sharing and compensation.

What's included

8 videos4 assignments

8 videosTotal 66 minutes
  • Insurance Coverage Calculation9 minutes
  • Insurance Case Calculations6 minutes
  • Principles of Insurance9 minutes
  • Life Insurance - History and Evolution9 minutes
  • Risk Management Techniques9 minutes
  • Risk Management Terminology9 minutes
  • Insurance Terminology8 minutes
  • Life Insurance Terminology7 minutes
4 assignmentsTotal 60 minutes
  • Insurance Coverage and Principles30 minutes
  • Insurance Coverage and Case Applications10 minutes
  • Principles and Evolution of Insurance10 minutes
  • Key Insurance Terminology10 minutes

This module examines the legal and planning frameworks that support effective insurance strategies. Learners study insurance law concepts, policy structures, and financial planning applications that ensure insurance contracts operate fairly and protect policyholders.

What's included

8 videos4 assignments

8 videosTotal 67 minutes
  • Insurance Planning Terminology12 minutes
  • What Life Insurance Involves8 minutes
  • Legal Principles of Life Insurance9 minutes
  • Insurable Interest and Proximate Course9 minutes
  • Question and Answer4 minutes
  • Financial Planning9 minutes
  • Life Insurance Needs Analysis10 minutes
  • Family Protection Planning6 minutes
4 assignmentsTotal 60 minutes
  • Insurance Planning and Legal Framework30 minutes
  • Planning Concepts and Terminology10 minutes
  • Insurance Law and Financial Planning10 minutes
  • Insurance Planning Approaches10 minutes

This module introduces learners to various life insurance products and specialized protection solutions. Learners examine product features, policy structures, and investment-linked insurance products such as ULIPs while understanding how different insurance products address specific financial risks.

What's included

8 videos4 assignments

8 videosTotal 69 minutes
  • Business Insurance Planning8 minutes
  • Types of Life Insurance Policies12 minutes
  • Features of Life Insurance Products8 minutes
  • Life Insurance Products Question and Answer9 minutes
  • Fund Choice9 minutes
  • Unit Linked Insurance Plans Explained with Multiple Choice Question5 minutes
  • Health Insurance Explained with Multiple Choice Question12 minutes
  • Important Insurance Terms Explained with Multiple Choice Question8 minutes
4 assignmentsTotal 60 minutes
  • Life Insurance Products and Product Features30 minutes
  • Business and Product Planning10 minutes
  • Product Understanding and Q&A10 minutes
  • Specialized Insurance Products10 minutes

This module focuses on the operational aspects of insurance including underwriting and pricing. Learners explore how insurers assess risk, calculate premiums, and use statistical and actuarial methods to ensure fair pricing and sustainable insurance operations.

What's included

7 videos4 assignments

7 videosTotal 62 minutes
  • Disability Insurance Explained with Multiple Choice Question7 minutes
  • Underwriting Concept and Methodology Explained11 minutes
  • The Concept of Rate Making and Methods Used10 minutes
  • The Concept of Rate Making for Decision Making Purposes3 minutes
  • Multiple Choice Question on Underwriting and Rate Making11 minutes
  • The Concept of Pension and Annuity Explained13 minutes
  • Common Pension Terms Explained7 minutes
4 assignmentsTotal 60 minutes
  • Insurance Underwriting and Pricing30 minutes
  • Specialized Insurance Coverage10 minutes
  • Insurance Pricing and Rate Making10 minutes
  • Pricing and Underwriting Assessment10 minutes

This module examines the practical implementation of insurance including pension evaluation, policy valuation, claims processing, and regulatory compliance. Learners also explore ethical insurance selling practices and dispute resolution mechanisms in the insurance industry.

What's included

8 videos4 assignments

8 videosTotal 60 minutes
  • Multiple Choice Question on Pension and Annuity3 minutes
  • Life Insurance Selection Process5 minutes
  • Life Insurance Valuation7 minutes
  • Multiple Choice Question on Pricing and Valuation in Life Insurance Part 28 minutes
  • Application of Life Insurance7 minutes
  • Claim and Regulation13 minutes
  • Grievance Redressal7 minutes
  • Life Insurance Selling9 minutes
4 assignmentsTotal 60 minutes
  • Insurance Implementation and Regulation30 minutes
  • Pension and Insurance Evaluation10 minutes
  • Pricing, Valuation and Applications10 minutes
  • Claims, Compliance and Sales10 minutes

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Instructor

EDUCBA
1,591 Courses326,930 learners

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To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

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