Carrers in insurance

1. Careers
In
Insurance
Introduction
Eligibility
Job Prospects
Remuneration
Institutes
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2. Introduction
Insurance means being covered or protected against
any hazards of life. It is a financial agreement that binds
two people to certain obligations which is known as
Policy. One who buys insurance/ gets insurance
coverage is the policy holder or insured and the one
who sells the policy is the insurer. From the time the
insured signs the policy he/she has an obligation to pay
a certain amount of money known as premium at
regular intervals for a stipulated period to the insurer. In
fact, insurance is a contract to pay a premium in return
for which the insurer will pay compensation in certain
eventualities e.g. fire, theft, motor accident, etc.
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3. Eligibility
Students who have passed 10 + 2 or equivalent exam are
eligible. License is needed to work in this field
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4. Job Prospects
Administrative Officer (AO) and Assistant Administrative
Officer (AAO) : These 1st class officer group in LIC and GIC
begin their job with probation-cum-training period for 6
months where the candidate is placed anywhere in the
country. AAOs can choose any of the areas from
Administration, Development and Accounts. Administration
AAOs handle policy making, policy claims up to certain limit,
checking clauses and details, filing official returns and
statements to higher regional offices etc. The Development
AAOs deal with marketing and procurement of business,
meeting prospective clients, promoting the policies and
getting contracts.
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5. The average salary for a Senior Business Analyst is Rs
842,941 per year.
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6. Institutes
Institute for Finance, Banking and Insurance,
Bangalore/Bengalooru, Karnataka.
Amity School of Insurance and Actuarial Sciences, Noida,
Delhi NCR.
MAEER's MIT College of Insurance, Pune, Maharashtra.
Institute Of Insurance And Risk Management, Arunachal
Pradesh-Other, Arunachal Pradesh.
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