Hello All..This is Devyani from Freshersworld.com
Welcome to our video channel on jobs and careers
Today I will be talking about the career opportunities in Insurance
The field of insurance is wide and diverse. Insurance is also a very important aspect
of life with an insurance policy being a must for everyone. This career option of Insurance
is challenging and requires lot of hard work and strong persuasive skills. A professional
in insurance business has to have a complete knowledge about government norms and regulations,
relating to insurance. There are many instances when students after
their 12th, take up insurance career as a part time income generating option. Insurance
companies have started providing training to these students who aspire to join their
company and sell insurance products in lieu of commission or fixed stipend. But as per
experts the best way to groom a career in insurance is to complete college education
and master’s program, specialising in insurance management.
A master’s degree will broadly cover a wide spectrum of subjects with focus on Principles
and Practices of Life and General Insurance, Life and Non Life Insurance Domains, Insurance
Laws, Life Insurance Underwriting and Risk Management, Liability of Insurance and Life
Insurance Claims and Reinsurance and Life Insurance Products. The objective is to acquaint
students with various facets in the insurance business and services.
There are many colleges and universities that have designed programs to offer specialisation
in insurance. Some of the well-known centres of learning are National Insurance Academy
School of Management (Pune), The Institute of Insurance and Risk Management (Andhra Pradesh),
National Law University (Jodhpur) and Banaras Hindu University.
Some of the courses that are offered are International Post Graduate Diploma in Life Insurance, International
Post Graduate Diploma in General Insurance and International Post Graduate Diploma in
Risk Management. Those doing MBA can opt for specialisation in insurance management or
take up Masters in Financial Management that covers insurance as a core subject.
Insurance is a flexible career options so students or home makers can take up work with
well-known Insurance companies. They can work as an Insurance Agent or an Insurance Sales
Executive selling insurance products. It is mandatory to clear the agent exam taken by
Insurance Regulatory Authority of India (IRDA). With experience and knowledge they can get
good position in companies like ICICI Lombard, Bajaj Insurance, and AVIVA to New India Life
Insurance. In the initial stages of the career one can
expect to start with a salary ranging from Rs 10,000 to Rs 15,000 plus commission on
each policy sold or target achieved. Those graduating from premier colleges can get good
salary packages and good position. Career prospects in Insurance are very good
as this is a fast growing business with only 14 per cent of the total population insurance.
There is still a large portion around 86 % which needs to be sold insurance product. Companies
are on lookout for talented people, who can sell policies and products with a pleasing
personality and communication skills which can tempt consumers in buying the concept
insurance. To explore the large pool of job opportunities
in insurance, visit www.freshersworld.com, in order to get more information on this lucrative
career option
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