Career opportunities are increasing in the insurance sector

 Career opportunities are increasing in the insurance sector

 Career opportunities in the insurance sector are increasing rapidly.  If you have good public relations capability then you can make a career in this field.

 The health insurance graph has increased rapidly due to Corona epidemic in the country.  According to the Insurance Regulatory and Development Authority of India (IRDA), 60 lakh corona virus health policies have been sold till September 2020.  According to the General Insurance Council, between April and August 2020, health policies worth Rs 22,903 crore were sold in the country, compared to Rs 20,250 crore of health insurance policies sold in the same period last year.

Make a career in the insurance sector

 Opportunities for a growing career

 According to IRDA, 24 companies related to life insurance and 33 companies related to general insurance are doing insurance business in the country.  The size of the insurance industry in India will increase to around $ 280 billion by the end of 2020.  Currently, the insurance sector's premium income contributes only 3.76 percent to the country's gross domestic product (GDP), while it is seven percent of the global GDP.  Therefore, there is potential for the insurance sector to grow in the country.  The life insurance sector is projected to grow at a rate of 14-15 percent in the next 3 to 5 years.  The growing middle class in the country, planning for family protection, increasing risks in industry and business, raising the FDI limit in the insurance sector and moving fast towards insurance villages are increasing the career opportunities in this sector.

 Employment self-employment opportunities

 There are many opportunities in the insurance sector.  These relate to many areas including Sales, Operations, Customer Service, Project Management, Survey Work, Actuaries.  Life Insurance Corporation of India (LIC) is the largest insurance company in the world, from becoming an agent in LIC to working in positions like Assistant Administrative Officer.  Surveyors do the job of evaluating losses in a business that is insured.  They are not independent employees of the company, but are independent businessmen.

 These are important skills

 Public relations capabilities are essential in the insurance sector.  In the insurance sector, customers face to face interaction.  Therefore, in addition to degree qualification, in-depth knowledge related to insurance, skills such as eloquence, patience, decision making ability, good English along with Hindi play an important role.

 Choose good institute

 Many institutes offering courses related to the insurance sector are located in major metros of the country.  Those wishing to make a career in the insurance sector can make a good career in the insurance sector by choosing a quality educational institution for the right insurance course as per their suitability.

 Earlier there was a lack of training institutes in the insurance sector, but now many institutes have started training it.  Many courses of certificate, diploma, degree and post graduation are available.


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