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 Mechanical Engineering Syllabus, Scope and Salary

Diploma in Mechanical Engineering is 10th-level, 3 years full-time diploma level course. Diploma in Mechanical engineering applies the principles of physics and materials science for design, manufacturing, analysis and maintenance of mechanical systems. The course is divided into 6 semesters. Each semester is enduring for a period of 6 months.

As a Mechanical engineer, candidates will be accountable to design electric generators, internal combustion engines, machinery for vehicles, air-conditioning systems and etc.




Diploma in Mechanical Engineering Course Highlights

Diploma in Mechanical Engineering Course Highlights
Course LevelDiploma
Duration3 years
Examination TypeSemester System/ Year wise
Eligibility10th with minimum 55% aggregate marks 
Admission Processbased on entrance exam
Course FeeINR 10,000 to 5 Lacs
Average Starting SalaryINR 3 to 20 lacs annum

Diploma in Mechanical Engineering Eligibility

  • 10th pass with 55% marks
  • 10th pass with ITI certificate
  • 10th pass with Certificate in Motorcycle Service and Repair (CMSR) of IGNOU
  • 12th pass with Mathematics, Physics and Chemistry

Diploma in Mechanical Engineering Syllabus

Semester 1

No.Syllabus
1.Engineering Mathematics
2.Engineering Physics
3.Engineering Drawing/Graphics
4.Workshop (Practical)
5.Communication Skills

Semester 2

No.Syllabus
1.Engineering Mathematics
2.Applied Mechanics
3.Material Science
4.Mechanical Drafting
5.Basic Civil Engineering

Semester 3

No.Syllabus
1.Manufacturing Engineering
2.Fluid Mechanics
3.Thermodynamics
4.Strength of Materials
5.Applied Electronics and Electrical Engineering
6.CADD (Computer Aided Machine Design and Drawing)

Semester 4

No.Syllabus
1.Manufacturing Engineering
2.Thermal Engineering
3.Theory of Machines
4.CADD
5.Metrology and Instrumentation
Plant Maintenance and Safety

Semester 5

No.Syllabus
1.Thermal Engineering
2.Design of Machine Elements
3.Manufacturing Engineering
4.Industrial Design
5.Cost Estimating and Contracting
6.Elective Subject
7.Project Work

Semester 6

No.Syllabus
1.Computer Aided Manufacturing
2.Tool Engineering
3.Industrial Manufacturing
4.Elective Subjects
5.Contracting Project Work

Diploma in Mechanical Engineering Suitability

Candidates for the course have excellent mechanical engineering and technical drawing skills, as well as They, should also have computer skills for designing equipment or machines.

They should have excellent numerical skills such as mathematics. They should also have a logical mind to understand abstract engineering concepts. Candidates should have a creative mind for better innovative imagination.

Career

After Completing Diploma in Mechanical Engineering you can become

  • Engineer
  • Mechanical Engineer

Jobs Positions

  • Assist. Manager
  • Process Development Technologist
  • Section Head
  • Mechanical Engineer
  • Sales Engineer
  • Technician
  • Assistance Professor
  • Trainee
  • Manufacturing Manager
  • Mechanical Designer
  • Consultant Mechanical
  • Site Mechanical Engineer
  • Service Engineer
  • Instructional Designer
  • Diploma Engineer Trainee
  • Lecturer & Professor

Top Recruiting Companies

  • Tata Motors
  • Bajaj
  • Hero
  • Leyland
  • Ford
  • Honda BARC
  • BHEL
  • NTPC
  • ISRO
  • DRDO
  • COAL INDIA
  • ECIL
  • ARMY
  • NAVY
  • HAL
  • SAIL
  • Aban group
  • Central Mechanical Engineering Research Institute
  • Sun Grace
  • Ved Engineering
  • Design Tech System Ltd
  • John Deere – Pune
  • Paltech Cooling Towers & Equipments LTD.
  • NEPC – New Delhi
  • Eagle Infotech – Gandhinagar
  • Alstom – Bangalore
  • Nura Engineering Pvt. Ltd. – Delhi, etc.

Top Recruiting Areas

  • Colleges & universities
  • Aeronautical Industry
  • Chemical Industry
  • Automobile Industry
  • Electronics Industry
  • Hotels
  • Construction Firms
  • Hospitals
  • Agricultural Industry
  • Industrial Machinery industry
  • Oil Exploration and Refining
  • Petroleum Industry
  • Consulting Firms
  • Power Plants
  • Steel Plants
  • Textile Industries and such.

Salary

Job PositionAverage Annual Salary (INR)
Mechanical Engineers6-8 lacs
Engineer3-5 lacs
Professors8-10 lacs
Manufacturing Manager6-9 lacs
Technicians2-5 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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