Jobs in insurance companies are lucrative options for all finance professionals in India. With 15-20 percent growth rate per annum and the entry of private companies, Jobs in India have become more demanding. A host of facilities including an attractive salary package, handsome incentives and steady career growth are offered by most of the insurance companies in India. Anyone who wants to go for a good job in the insurance sector can also pursue a course in management that will give him an edge in the job market.
Insurance management courses offered by several renowned institutes across the country cover the nitty-gritty related to the insurance sector so that students can get a clear idea of the sector and grab better positions in any insurance company after the completion of the courses. Anybody can opt for an insurance course after graduation. Some insurance management institutes in India conduct admission test while some other institutes select students for the course through CAT and MAT entrance tests. Working professionals can also opt for insurance management programmes as many institutes also offer correspondence and part-time courses.
As far as jobs in insurance companies are concerned, both national and international insurance companies are ruling the job market. Some of the big names in the insurance sector in India include Bajaj Allianz Life Insurance Company Limited, Birla Sun Life Insurance Company Limited, HDFC Standard Life Insurance Company Limited, Max New York Life Insurance Company Limited, Tata AIG Life Insurance Company Limited, Aviva Life Insurance Company Limited, SBI Life Insurance Company Limited and many more.
Anyone planning to make his or her career in insurance sector can apply for several positions. Some positions for which insurance companies mainly hire people are as follows:
• Insurance Advisor: Many insurance companies in India hire skilled professionals as insurance advisors. The job of an insurance advisor is to serve all the policyholders of a company. An insurance advisor is responsible for assisting policyholders to choose the best possible plans for them, enabling policyholders to understand various risks and find out the right way to avoid the risk.
• Insurance Associate: A finance professional interested in insurance jobs can also apply for the position of insurance associate. Generally, an insurance associate is responsible for achieving sales target, creating and maintaining relationship with customers, implementing various promotional schemes, just to name a few.
• Back Office Support: Any commerce graduate willing to start his or her career path in the insurance sector can opt for the position of back office support. A professional working as a back office support has to shoulder various responsibilities. He has to attend all the service related queries of customers, send the MIS report to the concerned authority, assist teams at the time of log and many others.
• Sales Development Manager: Sales development manager position in any insurance company is a great reward for finance professionals. The responsibilities attached to the position include identifying insurance agents and recruiting them, reviewing the performance of the team, providing training to his team, setting target, improving the productivity of his team and many more.