Hi,

Work opportunities in insurance sector are enormous. Those who satisfy eligibility qualification works under following capacities in Insurance companies of India:

• Administrative Officer
• Assistant Administrative Officer
• Development Officer
• Insurance / Composite Agents
• Insurance Surveyors
• Actuaries
• Insurance Underwriter
• Investment Professionals

These are some indicative posts related to insurance business. However actual positions in an insurance company may vary.

• Insurance Agents

Agents are not on the payrolls of the insurance company. The insurance agents get a fixed commission on each policy they (insurance-agent) manage to sell. People who wish to become insurance agents are required to undergo 100 hours of training by the respective insurance company.

Once the training is complete, the candidate is eligible to appear for an online examination conducted by the Insurance Regulatory Development Authority (IRDA) with at least 50 per cent marks set for qualifying.

• Composite Agent

Composite Agent is the one who sells both life and general insurance policies. One has to put in 100 hours promoting life insurance products assuming that you are a general insurance agent. A life insurance agent, before appearing for another exam, has to dedicate 50 hours towards promoting general insurance products.

A composite agent has to appear for another test also (conducted by the I.R.D.A.)The agent is supposed to renew his license after three years, by putting in another 25 hours (and 50 hours for composite insurance agent) of training.

An agent can register under a development officer in any insurance company. The training institutes are accredited by the I.R.D.A. and the insurance Company merely sponsors its agent(s).

An agent works with the Development Officer in the insurance Company and the credit for the policy of the insurance agents goes to the Development Officers within the organization.

Nevertheless, this job is as good as freelancing. Secondly, the insurance companies also provide incentive schemes for the insurance agents from time to time.

• Insurance Surveyors

Surveyors, Loss Adjusters and Assessors are technically qualified professionals who perform the job of assessing the losses, according to their qualifications and experience. They work as 'consultants' for the company.

A surveyor with a background in mechanical engineering assesses industrial accidents. Here the surveyor would investigate, evaluate, assess, adjust and determine the liability, negotiate and then finally submit a report.

A surveyor must hold either a fellowship or associate ship from one of the following:

• The Institute of Insurance surveyors and Adjusters (IISA), Mumbai
• A degree or diploma in architecture from a recognized university or institute
• Fellowship or Associate-ship from the Institute of Chartered Accountants or Costs and Works Accountants
• A degree or diploma from a recognized institute of engineering or a degree or diploma in naval architecture.

They have to apply to the IRDA for a license that further categorizes them as Class A, B, C, or D. A surveyor, loss adjuster or assessor is the only specialized link between the insurers and the insured.

Institutes offering Insurance Courses in India :-

• Institute of Insurance and Risk Management, Hyderabad
  Plot No:1149, Road No.57, Jubilee Hills , Hyderabad - 500033

• Acharya Nagarjuna University Centre for Distance Education,
  Nagarjuna nagar Guntur Dist. - 522510
  Andhra Pradesh

• Annamalai University
  South Arcot, Vallalar , Annamalai Nagar ( Cuddalore Dist. ) - 608002
  Tamil Nadu

• Manonmaniam Sundaranar University Directorate Of Distance and Continuing Education,
  Tirunelveli - 627012
  Tamil Nadu

• Pondicherry University Directorate of Distance Education,
  R.V. Nagar, Kalapet , Puducherry - 605014

• Punjabi University Department Of Correspondence Studies
  Patiala - 147002, Punjab

• Institute of Actuaries of India
  302, Indian Globe Chambers,
  142, Fort Street, Off D N Road, Mumbai - 400 001
  Tel: +91- 22 - 67843333 Fax: +91-22 - 67843330

Hope this helps.

Good luck.

Hello aspirant,

Yes, you can try for Insurance agents jobs after completion of Bachelor of Business Administration (BBA).

After completion of Bachelor's degree with minimum 50 percentage of aggregate marks from a recognised College you need to apply for Insurance Licence. Through IRDA Training candidates must complete 50 training hours from Insurance Regulatory & Development Authority or approved General or Life Insurance Licensing Training or 75Composite Licensing Training hours. After completion of the training. Candidates should clear IC38 exam to become Insurance Agents in any company.

Average salary offered is Rs. 30,000 per month.

Types of Insurance Agents:

Insurance Analyst

Financial Advisor

Life Insurance Agent

Insurance Advisor

To get more information go through below mentioned link.

https://www.careers360.com/careers/insurance-agent

Hope this information was helpful to you.

Good Luck!!

Hello student

Considering the dilema you have there are several options with which you can go and have a great carrer . Educational Background plays an important here since it will be determining the areas of interests you have . Both these options being of masters level it is considered that you posess the basics of these fields , Hr and marketting management degrees being common and well cherised one can help you get a better job and good oppourtunities in future. Insurance and business management is also a great option but since the pay offered by the companies gradually differs from the HR  management people generally tend to go for HR . These can a point of difference in both of the available options. The decision ultimately being yours hope you think about every possible aspect and get admitted to the appropriate course.all the best

Hello Annaaz ,

I am assuming that you are talking about general insurance, see general insurance is also known as non-life insurance policies , for example policies including automobile, homeowners policies or to provide payment depending on the loss from a particular financial event .

To elaborate it more , I will tell you the types of general insurance :

1) Motor Insurance : for two wheelers or four wheelers .

2) Health insurance : it also has sub types like common types of health insurance which includes individual health insurance , family floater health insurance , etc .

3) Travel Insurance : it is also divided into several types depending on the type of travel , you pick ( individual or family ) .

Apart from these , there are several other types like home insurance, marine insurance, commercial insurance , accident insurance , fire insurance, crop insurance, live stock insurance, aviation insurance, property insurance, etc .

Also I would like to suggest you that before finalizing any policy , you should read all the terms and condition properly and also compare the policies from different banks .

Hope it helps you ,

Thank you .

Hello student,

Sorry to say you but it is not professionally possible to offer such things from any Pharma companies. Maybe if there is some private things and for this reason This can happen. Obviously I am not telling that. But in general open doctors get commissions from pharmaceutical companies for promoting their  medicines. The amount of commission is obviously depends upon the popularity of this particular doctor in this locality. But the offer you have mentioned if quite impossible to provide by any local pharmaceutical companies.

Heyy Bhavika,

Even though I'm not very sure. Maybe you are referring to Insurance Foundation of India(IFI). It is responsible for the establishment of the Indian Insurance Industry by raising awareness about the insurance industry in the nation. As you mentioned, It includes topics like Fire and Marine Insurance as well.

Hope it Helps :)