IGNOU B.Com In Banking & Insurance

Rank No. 1 In NIRF Ranking 2024: Open University Category

(146 Reviews)
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About IGNOU B.Com In Banking & Insurance

The Online B.Com in Banking & Insurance at IGNOU is an undergraduate course designed with immense care for students seeking to build a strong financial base. Whether you are a school graduate or a working professional looking to upskill, this program caters to diverse learning needs. This program can be pursued via online education that also focuses on the curriculum, thereby providing both theoretical knowledge and practical skills in banking and insurance offered by Indira Gandhi National Open University. 

What’s new at IGNOU (Indira Gandhi National Open University)?

IGNOU starts its registration process for its fresh batch of students for all online & ODL courses of the January 2025 admission session. The last date to apply is January 31, 2025. Interested students can check and apply through the university's official website. Read more about the same here.

 

The courses are selected based on the evolving needs of the financial industry. The curriculum encompasses practical and theoretical subjects like Principles of Banking, Insurance Management, Risk Assessment, Financial Markets, and Investment Planning. All of them are available at any time, which is suitable for those who learn better at their own pace. The online content includes lectures, assignments, and study materials on IGNOU. 

This program trains the students to work in the following roles, such as banking executive, insurance advisor, risk manager, and financial analyst. Moreover, it will also give an excellent foundation to pursue advanced further studies, for example, an MBA in Finance or any other specific certification in banking and insurance. Guidance by the experienced faculty will provide clarity of concepts and their practical applications. Live sessions, discussion forums, and regular assessments will help further enhance learning.

IGNOU has been in service for decades through open and distance learning programs. This ensures that the student gets the best available education with high credibility. A focus on practical and job-oriented education at the university level makes this program the ideal choice for young finance professionals aspiring to take off in their professional careers. The emphasis laid on both banking and insurance courses ensures that dual specialization opens career opportunities across the spectrum. IGNOU ensures that quality education in a specialized field is accessible to students from all walks of life. The online mode eliminates geographical barriers, and thus students from across India and abroad can enroll.

The Online B. Com in Banking & Insurance at IGNOU forms a strategic career step towards succeeding in the rapidly changing financial sectors. With this flexible learning model, expert faculties, and industry-alignment curriculum, the program ensures that students get the best mileage out of it to excel at their professional fronts. Whether you want to join the industry immediately or take up further study, IGNOU equips you with the knowledge and skills to emerge victorious in this competitive banking and insurance world.

Online Degree Acceptance

Online degrees earned from a government-approved university, just like a regular degree, are accepted by the top recruiters worldwide including government & private sectors.

Value of Online Degree

An online degree from a government-approved university holds similar recognition in the industry as that of a regular degree. Thus, it is equally valuable when considered for a job or higher education.

Quality of Education

The quality of education offered in online programs is of the same standard as offered in an on-campus program. Be it curriculum, faculty members, evaluation methods, practical sessions, online & on-campus programs follow similar standards of quality.

Specialization Benefits

  • The IGNOU offers the online B.Com. Specialization in Banking & Insurance in ODL mode is equally respected and valued as a regular degree.
  • There are two languages available for the program: Hindi and English. The student has to choose one according to their preference.
  • Investment banker, risk analyst, senior accountant, account manager, and financial analyst are some of the available career opportunities after completing this BCom course.
  • The institution has a duration of 3 -years for an online B. Com. program in banking & insurance that can be completed in just six years.
  • Students may opt for a dual degree offered by the university, such as BCom Banking & Insurance offered By IGNOU
  • The 3-year online B.Com. program in banking and insurance charges INR 4500 per year, though this varies with the specialization.
  • The institution offers students a lot of resources like print materials, audiovisual aids, interactive radio counseling, teleconferencing, counseling, and many more.

IGNOU Approved By

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UGC-DEB

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AIU

RANK 1 (Open University Category)nirf logo

NIRF

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WES

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NAAC A++

Who Can Apply?

The eligibility criteria are needed for the online B.Com in Banking & Insurance offered by IGNOU, as per the eligibility criteria of the university.

  • Students should have a minimum qualification of 10+2 from any recognized board/NIOS or state board.
  • The reserved categories must constitute 45%, and the general category must not exceed 50%.
  • There is no age bar and no entrance exam for this course at IGNOU.

Note: The eligibility to take the course may vary as per the specialization offered to the course; hence, applicants can check the information about eligibility by visiting the university's multiple specializations.

Other Specializations

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IGNOU Online B.ComGeneral

IGNOU Online B.Com

General

Right Choice for Right Education

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IGNOU Online B.ComFinancial and Cost Accounting

IGNOU Online B.Com

Financial and Cost Accounting

Right Choice for Right Education

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IGNOU Online B.ComAccountancy and Finance

IGNOU Online B.Com

Accountancy and Finance

Right Choice for Right Education

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IGNOU Online B.ComInternational Business

IGNOU Online B.Com

International Business

Right Choice for Right Education

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IGNOU Online B.ComCorporate Accounting

IGNOU Online B.Com

Corporate Accounting

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IGNOU Online B.ComManagement Accounting

IGNOU Online B.Com

Management Accounting

Right Choice for Right Education

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IGNOU Online B.ComInternational Finance

IGNOU Online B.Com

International Finance

Right Choice for Right Education

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IGNOU Online B.ComAuditing & Taxation

IGNOU Online B.Com

Auditing & Taxation

Right Choice for Right Education

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IGNOU Online B.ComLaw

IGNOU Online B.Com

Law

Right Choice for Right Education

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Specialization Wise Updated Fees 2025

SpecializationFeesDuration
General 8,100 (Full Fee)3 Years
Financial and Cost Accounting 7,200 (Full Fee)3 Years
Accountancy and Finance 8,100 (Full Fee)3 Years
International Business 4,500 (Full Fee)3 Years
Corporate Accounting 4,500 (Full Fee)3 Years
Banking & Insurance 4,500 (Full Fee)3 Years
Management Accounting 8,100 (Full Fee)3 Years
International Finance 12,000 (Full Fee)3 Years
Auditing & Taxation 27,000 (Full Fee)3 Years
Law 27,000 (Full Fee)3 Years

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Sample Certificate from IGNOU

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IGNOU EMI Details

IGNOU Online offers the option of Credit Card/Debit card/Net Banking in its fee payment options but does not provide you a “No Cost EMI” option as of now for any of the online courses.

IGNOU B.Com In Banking & Insurance Admission Process

The process for IGNOU online course admission can be completed via the official website’s admission portal. The steps involved in the admission process are listed below.

Step 1: Visit the official website of the university & click on the “Apply Now” tab.

Step 2: Fill out the student registration form & register yourself with the university.

Step 3: After registration, re-login to the admission portal & fill out the admission application form.

Step 4: Upload the scanned copies of mandatory documents & submit the application form.

Step 5: Make the fee payment using payment methods as mentioned on the website.


Now, Get admission twice a year, in July/August and January/February. Latest Notice by UGC, Click here to know.

IGNOU Results - Term-End Latest. Click Here to Find!.

IGNOU Grade Card/ Marks Sheet. Click Here to Find!.

Know Your IGNOU Admission/Registration Details. Click Here to Find!.

IGNOU January Admission Cycle 2025. For ODL Programme Official Link - Apply Here | For Online Programme Official Link - Apply Here.

IGNOU January Admission Cycle 2025 Scholarship- Eligible students can apply for Government of India Scholarships on the National Scholarship Portal at https://scholarships.gov.in/ after confirmation of admission.

Download the Common IGNOU Prospectus and read carefully the Rules of the University as mentioned in the common prospectus. Click Here to Donwnload!.

UGC updated the list of approved Online programs for the academic batch of 2025, Click here to get the list!

Precautions to be taken by the students before enrolling for programs offered under ODL & Online Learning Mode, Click here to know!

A degree obtained through ODL mode is equivalent to a traditional degree, Click here to know!

UGC declares a 100% Fee Refund policy for students within a specified period by universities.Click hereto read the full notice.

UGC issues a public notice regarding misleading abbreviations in the names of Universities & Colleges. Read the UGC Letter.

IGNOU B.Com In Banking & Insurance Syllabus / Curriculum

The Online B Com in Banking and Insurance at IGNOU is designed to impart complete knowledge about finance with experience in both practical and theoretical learning. The Online B.Com specialization program also includes the study of Financial Accounting, Investment Planning, and Business Law for a comprehensive outlook in the banking and insurance sectors. The practical and theoretical subjects include Principles of Banking, Risk Assessment, Insurance Management, Financial Markets, Business Communication, and Taxation. This well-rounded program prepares the students to successfully face the rapidly changing financial landscape, offering them a balanced mastery of key concepts and skills.  For better comprehension, here is the generalized curriculum for the Online B Com in Banking and Insurance:

Syllabus of Online B Com in Banking and Insurance

Year-1

Year-2

Year-3

  • English 
  • Financial Accounting 
  • Principles and Practice of Banking 
  • Insurance Law and Practice 
  • Business Management 
  • Principles of Insurance 
  • Physical Education 
  • Financial Mathematics 
  • Environmental Studies 
  • Value Education 
  • Company Accounts 
  • Business Economics 
  • Service Marketing 
  • Legal Regulatory Aspects of Banking 
  • Financial Management 
  • E-Commerce & E-Business 
  • Numerical Skills 
  • Reasoning Skills 
  • Income Tax 
  • Management Accounting 
  • Cost Accounting 
  • Auditing 
  • Financial Statistics 
  • Business Communication 
  • Business Environment 

IGNOU B.Com In Banking & Insurance Examination Pattern

The examination pattern followed at IGNOU online for different types of courses is semester mode, i.e., exams are conducted by the university at an interval of 6 months. For online courses, exams are conducted through an AI-proctored tool for an unbiased performance evaluation of students.

Job Roles after Online B.Com in Banking & Insurance

IGNOU's Online B.Com in Banking & Insurance graduate students open various avenues for career choices. Such jobs are offered in the fields of banking institutions, insurance companies, financial consultancies, and investment firms.  The primary job positions for the graduate students of online B.Com Specialization are banking executive, insurance advisor, risk manager, financial analyst, loan officer, and claims specialist. The program further gives a very good basis for further education or professional certifications and makes graduates stand ready to take on the challenges in this competitive world of finance.  The job roles and salary packages after graduating Online B Com in Banking and Insurance are mentioned below:

Job Roles

Average salary package (LPA)

Financial Advisor

INR 2.7-5 LPA

Insurance Manager

INR 6 LPA

Investment Analysts

INR 9 LPA

Accountant

INR 5.8 LPA

Frequently Asked Questions?

 The eligibility criteria for the Online B.Com in Banking & Insurance at IGNOU, students must have completed their 10+2 or equivalent examination from a recognized board.  

The minimum duration is 3 years but students can complete it in a maximum of 6 years. Therefore, it's flexible for any learner.

All classes are online through IGNOU's digital platforms, lectures, study materials, and assignments can be accessed by the students.

 Graduates may work as Banking Executives, Insurance Advisors, Financial Analysts, Risk Managers, Loan Officers, and Claims Specialists in banks, insurance companies, and financial firms.

It offers a solid platform for further study, including an MBA program or professional certification in banking, insurance, and finance.

The total program fee is approximately INR 4,000 per year making it an affordable choice for quality education in the finance domain.

Every query is essential.

Our team of experts, or experienced individuals, will answer it within 24 hours.

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(146)
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R

Raushan

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Reviewed in India on June 29, 2023

Job Security is rated the lowest

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Aditya Anand

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Reviewed in India on May 12, 2023

Highly Recommend it! I am really glad that I took the decision of getting associated with India’s one of the most trusted & affordable universities for online courses. I am one of those who could not afford a full-time graduation but an online B.Com from IGNOU made me get a well-paid job & now I am planning on an M.Com from the university to upgrade my career.

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Ashish

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Reviewed in India on May 12, 2023

Great Faculty Support! I have completed my BCA in online learning mode from IGNOU & am really grateful for all the support I got from my professors. They even helped me in preparing for the job interviews.

2 people found this helpful

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Nikhil Patil

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Reviewed in India on November 10, 2022

IGNOU offers a variety of study material which makes understanding the concept really easy, the faculty is also very helpful and experienced.

1 person found this helpful

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Sajal giri

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Reviewed in India on November 10, 2022

I had a great experience at IGNOU as it is a great university for those who wish to puruse any course with flexibilty of time. It has a wide variety of courses offered which is difficult to find these days.

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IGNOU

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