Insurance signifies an agreement of being covered or protected against any kind
of danger of life or to any of the assets possessed by humans. With the participation
of private and multinational authorities, insurance business in India is booming
in turn resulting in a demand for the various Insurance Courses. An insurer is a
company selling the insurance and a policyholder is the person or entity buying
the insurance. Insurance agents are involved in helping individuals and businesses
in managing risk, protect themselves from losses and to anticipate problems. Insurance
courses help aspiring candidates to enter in to the Indian insurance industry, which
is emerging as a favorite career option due to liberalization, privatization and
globalization of economy. The major fields covered by insurance courses include
an introduction and principles of insurance, nature of insurance, documents and
classification, financial aspects of insurance.
Different Types of Insurance Courses
The basic types of Insurance Courses include certificate courses, diploma courses
and postgraduate courses. Insurance broker training program, International postgraduate
diploma in Life insurance, International postgraduate diploma in General insurance,
International postgraduate diploma in Risk management, Postgraduate Diploma in Insurance
Business Management, Postgraduate diploma in Insurance management are the major
Insurance Courses pursued by many aspirants. Actuary is one of the hottest career
options in the domains of insurance with courses like MBA Actuarial Science and
M Sc Actuarial science and applications.
Ability to convince others, presence of mind and dedication for service towards
the clients are the deciding factors in this profession. Organizing skill, logical
approach, quick grasping power, and good communication skills is always beneficial
for managers and officers. In case of an insurance agent, the prime skill required
is to have a capability for convincing people along with a great business sense.
For surveyors, excellent communication skill coupled with willingness to work outside
the office for odd hours are the qualities expected. Most of the Insurance Courses
aim at fulfilling these requirements.
How to apply
Minimum educational qualification to join insurance sector is plus two. To obtain
a license to work in the insurance sector, an exam conducted by Insurance Institute
of India has to be cleared and a training program should be done. Those who wish
to work as an actuary needs to qualify in entrance exam conducted by the Actuarial
Society of India. Postgraduate Insurance Courses require bachelor’s degree with
higher marks in mathematical subjects.
Insurance is a stable yet dynamic industry that provides a wealth of advancement
and career opportunities. As the population ages and wealth grows there is never
ending demand for insurance professionals, which is met by various Insurance Courses.
In government sector pay scale is as per government rules. Along with basic pay
other allowances are granted according to each grade. Commissions and bonuses are
added charm to the insurance sector. With a large number of private and international
companies involved in the Insurance business, Insurance Courses remain an all-time
favorites for candidates. For those who can prove their worth there is no looking
back in this sector and hence insurance courses are pursued by many students.