The insurance industry is an ideal place for anyone to start their career; this industry offers huge scope and opportunities to grow. In the banking sector, this is considered as the most demanding career option, which attracts many candidates to get into this field. The insurance sector is categorized into three major categories includes;
- life insurance (in case of death)
- Health Insurance (Involves medical care, basic treatment)
- Auto Insurance (Insurance vehicle)
Everyone take the help of insurance agencies to get car insurance, phone, home, life, health, travel insurance etc. Insurance companies offer different policies for almost every kind of different situation. These people are in great demand in the job market.
There are many big companies like Life insurance Corporation, National Insurance Company and private companies like ICICI, Birla sun life, Bajaj Allianz and much more which offers Insurance jobs vacancies every day. This industry hires a large number of people over a range of positions. Candidates can make their career bright by entering into this field.
This career is not directly related to sales, it is only about providing the best solution to customers.
What are the education requirements?
The first step to build your career in any industry is your qualification. Complete your graduation from management discipline or from any discipline. From any discipline, you can find a fit in the insurance sector. Candidates have strong in mathematics, strong communication skills can easily enter into this field.
Responsibilities of insurance agents:
An insurer helps the companies in order to generate new businesses by contacting with potential customers and by selling one or more insurance. This work is mostly based on target which they need to achieve. They also explain every insurance policy to their customers and help them in order to choose the right plan that suits them.
What kind of jobs can one get in the Insurance industry?
They can get jobs in many different industries positions in IT, Accounting/Finance. One can easily get the position of Broker/Agent, Underwriter, Loss Adjuster, Risk Manager, Claims Investigator, Loss Control Specialist, Actuary, Marketing Representative, Appraiser etc. At entry level one can work as a Customer Service Representative, Junior Broker, Underwriting Assistant, Junior Underwrite, Assistant, Trainee, Risk Analyst, Claims Assistant, Claims Representative, Actuarial Intern, Marketing Assistant and Appraisal Representative.
Future scope and job prospects:
Future scope and career growth are so good in this industry. Candidates can earn good amount of wage as well as additional incentive benefits. With the increasing demand, one can easily get a job in any sector. There are multiple job opportunities available within the sector that build interest of the aspirants and clear their career goals. This industry usually works in almost every sector banking, IT, Management etc. Also, this industry provides the benefits to increase the network and expand the industry knowledge.
Candidates will be able to gain jobs in banking sector and secure a great future. Applicants can make a great deal in order to grab the best opportunities.