Jobs in insurance sector in India are continually on the rise as more and more people are becoming aware of the critical need to insure their life and properties. The insurance sector covers a wide spectrum and includes life insurance, health insurance, travel insurance, fire and theft insurance, marine insurance, transit insurance, motor vehicle insurance etc.
Jobs in insurance companies can lead to promising careers for all finance professionals in India as there is a 15-20 percent growth rate per annum in the insurance sector in India, This apart, with the entry of private companies in life, health and general insurance sectors, insurance jobs in India are available aplenty. Most insurance jobs in India carry attractive salary packages, handsome incentives and promising career growth opportunities.
People aspiring for pursuing a career in the insurance industry can undergo a course in insurance management that will give him / her an edge in the job market. Insurance management courses are offered by several renowned institutes across the country.
People aspiring for pursuing a career in the insurance industry can undergo a course in insurance management that will give him / her an edge in the job market. Insurance management courses are offered by several renowned institutes across the country.
Careers in Banking and Finance and Insurance
Insurance companies deal broadly in three different areas –
2) Health insurance
3) General Insurance
Companies may specialize only in life insurance or in one or all the three types of above-cited general insurance coverage. Entry of many Indian companies as well as foreign companies has opened up job opportunities galore in the insurance sector.
In an insurance company, a person may take up a job in any of the following areas
Administration wing where employees deal with the registry of claims,
Development wing where one is involved in marketing and obtaining new business,
Accounts wing where professionals deal with the management of funds and maintenance of
accounts,
Investment Department where professionals are entrusted with responsibility for the investment of funds of the insurance company.
Besides there are inspectors who travel to places and inspect the client’s insured property and assess the damages and admit the claims.
Any graduate wishing to serve in the insurance sector can opt for the position of back office support, sales department, customer care, operations etc. Entry of many Indian companies as well as foreign companies has opened up job opportunities galore in the insurance sector.
