What Is Insurance?

Insurance is a contract, represented by a policy, in which a policyholder receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured. Most people have some insurance: for their car, their house, their healthcare, or their life.

Insurance policies hedge against financial losses resulting from accidents, injury, or property damage. Insurance also helps cover costs associated with liability (legal responsibility) for damage or injury caused to a third party.

How Insurance Works

Many insurance policy types are available, and virtually any individual or business can find an insurance company willing to insure them—for a price. Common personal insurance policy types are auto, health, homeowners, and life insurance. Most individuals in the United States have at least one of these types of insurance, and car insurance is required by state law.

Businesses obtain insurance policies for field-specific risks, For example, a fast-food restaurant's policy may cover an employee's injuries from cooking with a deep fryer. Medical malpractice insurance covers injury- or death-related liability claims resulting from the health care provider's negligence or malpractice. A company may use an insurance broker of record to help them manage the policies of its employees. Businesses may be required by state law to buy specific insurance coverages.2

Types of Insurance

There are many different types of insurance. Let’s look at the most important.

Health Insurance

Health insurance helps cover routine and emergency medical care costs, often with the option to add vision and dental services separately. In addition to an annual deductible, you may also pay copays and coinsurance, which are your fixed payments or percentage of a covered medical benefit after meeting the deductible. However, many preventive services may be covered for free before these are met.

Diploma in Electrical Engineering Syllabus, Scope and Salary

Diploma in Electrical Engineering is a 3 years 10 based Diploma level Electrical Engineering course. The course has 3 years Semester Wise examination system.

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Diploma in Electrical Engineering Course Highlights

Diploma in Electrical Engineering Course Highlights
Course LevelDiploma
Duration3 year
Examination TypeSemester-wise
Eligibility10th with 50% marks in Science and Mathematics
Admission ProcessMerit-Based/ Entrance exam based
Course FeeINR 35,000 to 3,00,000
Average Starting SalaryINR 10000 to 14000

Diploma in Electrical Engineering Eligibility

  • 10th with 50% marks in Science and Mathematics

Diploma in Electrical Engineering Syllabus

Semester 1

No.Subjects
1.Applied Science
2.Applied Mathematics I
3.Mechanical Engg. Sciences
4.Elements of Electrical Engg
5.Applied Science lab
6.Basic Computer Skills Lab
7.Electrical Wiring Lab

Semester 2

No.Subjects
1Applied Mathematics II
2English Communication
3Electrical Circuits
4Electronics I
5Computer Aided Engg. Drawing
6Electrical Circuit Laboratory
7Electronics-I Lab

Semester 3

No.Subjects
1Electrical Machines I
2Communication and Computer networks
3Electrical & Electronics Measurements
4Electronics II
5Electrical measurements Lab
6Electronics Lab II
7Computer Aided Electrical Drawing

Semester 4

No.Subjects
1Electrical Machines II
2Electrical Power Generation
3Transmission and Distribution
4Power Electronics
5Electrical Machines Lab
6Power Electronics Lab
7C-Programming Lab

Semester 5

No.Subjects
1Estimation & specification
2Switchgear & protection
3Embedded system (elective)
4Electrical workshop
5Embedded system lab
6Electrical installation design lab
7CASP
8Project work Phase I

Semester 6

No.Subjects
1Industrial drives & control
2Utilisation of electrical energy & management
3Basic management skills and Indian constitution
4Electric motor control lab
5PLC & HDL lab
6Project Work Phase II
7Industrial visit

Diploma in Electrical Engineering Suitability

  • Students who have an interest in the domain of Electrical engineering.
  • Students who have an analytical and technical mindset to solve problems.

Career

After Completing Diploma in Electrical Engineering you can become

  • Engineer
  • Electrical Engineer

Job Positions

  • Electrical design engineer
  • Transform design engineer
  • Field application engineer
  • Technical trainer
  • Environmental Specialist
  • Teaching Associate
  • Verification engineer etc.

Top Recruiting Companies

  • Emerson
  • Servomax
  • Mitsubishi Electric
  • Fuji Electric
  • Eon electric
  • Cable Corporation of India Ltd.

Top Recruiting Areas

  • Colleges & Universities
  • Mentor Graphics – Noida
  • RGF Select India Pvt. Ltd. – Gurgaon
  • Gentile Engineering Pvt. Ltd. – Kochi
  • Centre for Development of Advanced Computing C-DAC – Pune
  • Vijai Electricals Ltd. – Haridwar
  • Abacus Consultants – Pune

Salary

Job PositionsAverage Annual Salary for Fresher’s (INR)
Electrical Designer Engineer1.40 to 1.95 Lacs
Junior Engineer1.42- 1.80 Lacs
Technical Trainer1.50 – 1.92 Lacs
Field Engineer1.55-1.75 Lacs
CAD Engineer1.65- 2.2 Lacs

Other Diploma Courses

Diploma in Computer Engineering
Diploma In Information Technology
Diploma in Mechanical Engineering
Diploma in Civil Engineering
Diploma in Chemical Engineering
Diploma in Electrical Engineering

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