Sunday, November 24, 2019

Insurance

Vip technique

Insurance is a great career option


Insurance

What is insurance 

Insurance companies take the risk of compensating the loss from human life to medical, house, house, vehicle, crop, etc. from natural disasters, accidents, theft, etc., instead of various insurance policies. The CII (Confederation of Indian Industries) has indicated the need for educated youth in the field of insurance by 2025. In recent years, these companies have been engaged in selling insurance policies to people through attractive insurance policies. These include travel insurance, marine insurance, event insurance, household insurance, export insurance, property insurance, car insurance (Aviva car insurance, Geico car insurance, Axa car insurance,  aami car insurance, aami car insurance ), health insurance (private health insurance), life insurance (term life insurance,  globe life insurance, auto insurance (usaa auto insurance, aaa auto insurance), national insurance, dental insurance, home insurance, homeowners insurance, whole life insurance), gap insurance, public liability insurance, medical insurance, house insurance, motorcycle insurance, business insurance, usaa insurance, cobra insurance, landlord insurance, liability insurance, etc. are prominent.

Premier Institute

➤ Dr. Ram Manohar Lohia Awadh University, Ayodhya, Uttar Pradesh
➤ Kurukshetra University, Haryana
➤ Uttar Pradesh Rajarshi Tandon University, Uttar Pradesh
➤ Delhi University

Educational Opportunities 

Insurance is taught as an optional subject of the 12th standard in the country. At the graduation level, many courses are conducted in all the institutes. Among them, BA / BCom (Insurance), BBA (Insurance and Risk Management), etc. can be named. Postgraduate diploma in insurance management courses exists at PG level. Not only this, a two-year Masters / MBA (Insurance and Financial Planning) degree can be obtained.
        The Actuarial Society of India (Mumbai) offers a variety of courses in the subject of actuarial science. Similarly, the Insurance Institute of India offers a variety of diploma and certificate courses in the region through regular and other elective education systems. Also, assistance and scholarship are also provided for research activities related to this field.

GIC Exam

General Insurance Corporation of India periodically conducts a selection test to fill the posts of Assistant Administrative Officer. To join it, a candidate must be a graduate with at least 50% marks from 21 to 30 years of age. It includes both written examination and interview.

Job Opportunities

Educated youth in this field get jobs in insurance companies. These may be companies related to life and general insurance. Apart from these, such experts are also needed in banks, financial companies, leasing, and mortgage companies. In this, they serve as an actuary. Not only this, job opportunities are no less for these professionals in educational institutions, research organizations, credit companies, property developers, the aviation industry, the automobile industry, etc. In these institutions, they get the opportunity to work in positions like Insurance Agents, Sales Representative, Customer Services Representative, Actuary, Development Officer, Assistant Administrative Officer.

What are the capabilities 

Professionals in this field have to make people aware of the utility and importance of insurance policy. In such a situation, communication skills must be effective. One has to be patient to calm the curiosities associated with the insurance policy of the people. There is a lot of emphasis on personal loyalty and mutual reconciliation with people. The youth should also be aware of all government policies in the insurance sector.

The challenges

There is confusion among the common people in understanding the difference between insurance risk and cover investment. It is not easy to prepare them for taking a policy. The benefit of digital insurance is more for experienced insurance personnel, while the challenge is for new personnel. The level of competition has increased.