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Q.

What are the prospects of insurance as a career?

Asked by Kashmira Sinha, 18 Mar '09 09:13 am
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Answers (8)

1.

The future is bright indeed and India is a fiercely comptetive market in terms of insurance. There are one too many players and there is a lot of scope for expansion as the vast majority of the population and derivatives are not insured. Besides the Indian government has build a very healthy and mature framework in tersm of the IRDA which in turns ensures good governance and healthy risk in an otherwise risky business. As for career opportunites well they abound and have good growth prospects if ya have the right skills and aptitude.
Answered by Saj Sierra, 18 Mar '09 09:22 am

 
  
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2.

India is the country that has the maximum number of insurance companies in the world. So you can imagine the competition and career opportunities in India. Since disposable income is on the rise, and there is a growing awareness even among the youngster to protect themselves, their possessions and their near and dear ones, insurance has definitely received an upthrust since the 21st century. A candidate needs to have a degree in finance to take up insurance as a career. Since there is lot of competition between the insurance companies, there is a lot of hiring going on with higher incentives to join.
Answered by abhijit baxi, 18 Mar '09 09:14 am

 
  
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3.

Insurance is a growing sector since India has huge potential for its growth. India s GDP has shown a growth of 9% in 2007-08 where as in the insurance sector life Insurance has grown at a rate of 29 % and General insurance has grown at a rate of 11.72 % in this year. In the same year the life insurance premium procured by all 21 life insurance companies rose to Rs. 201351.41 crores where as total non-life insurance premium of 21 General insurance companies rose to Rs. 27823.74 crores.

Some of the positions available in Insurance sector are:-

1. Administrative Officer: This is an entry level executive position in public sector insurance companies which offers good salary and perquisites with promotion opportunities. The advertisement of this post is given in the leading news papers and Employment News Weekly. The qualification required for Generalist officer is graduation and for specialist officer: BE, CA, MBA etc depending on the posts advertised.

2. Actuary: To be eligible t ...more
Answered by PolicyWala, 12 Apr '09 04:01 pm

 
  
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4.

Very good.
Answered by iqbal seth, 18 Mar '09 09:14 am

 
  
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5.

Good and rewarding.
Answered by ram kishore rathi, 29 Mar '09 05:18 pm

 
  
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6.

Do well things e.t.c
Answered by lucky, 18 Mar '09 12:44 pm

 
  
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7.

Good and rewarding
Answered by prashant prashar, 18 Mar '09 11:49 am

 
  
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Good and rewarding.
Answered by Dharmarajan, 18 Mar '09 09:22 am

 
  
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