Alliance United Insurance Services
Career in the insurance sector – 1
Insurance is a form of risk management primarily used to protect against risk of financial loss potential, in exchange for a premium.
Insurance companies covered in four main areas:
1.) Life Insurance
2.) Health Insurance
3.) Goods and
4.) Accident
. Companies may specialize in life insurance or one or all three types of general insurance coverage.
Entry of many Indian private and foreign companies, along with current players in the insurance industry has added variety and quality of services insurance. The positive impact of others has been in creating a variety of new employment opportunities. So far employment in the insurance sector was considered similar to any government job, but now with private participation, has gained significant importance and has become an exciting career choice.
(A) prospects
Best places to work are:
1.) Allianz Bajaj Life Insurance Co. Ltd
2.) HDFC Standard Life Insurance Company
3.) Birla Sun Life Insurance Co. Ltd.
4.) ICICI Prudential Life Insurance Company
5.) Insurnce Life Corporation of India
6.) Max Insurance New York Life Insurance Co. Ltd.
7.) Metlife India Insurance Co. Ltd
8.) Tata AIG Life Insurance Co. ltd
9.) SBI Life Insurance Co. Ltd
10.) ING Vysya Insurance Co. Pvt life. Ltd.
11.) Bajaj Allianz General Insurance Co. Ltd
12.) ICICI Lombard General Insurance Co. Ltd
13.) IFFCO Tokio General Insurance Co Ltd
14.) Alliance Co. Ltd Royal Sundaram
15.) TATA AIG Life Insurance Co Ltd
16.) Unit General Insurance Co. Ltd
(B) Nature of Work
Business safe to perform various tasks with each department has its own set of responsibilities. The details of each type of work listed below:
B. Actuarial
An actuary holds one of the most important positions in the insurance business. He is involved in solving a variety of related financial issues insurance to investments, financial planning and management. Graduates in Mathematics or Statistics are suitable for this type of job. No Counter Chartered courses to get the right to these jobs.
(C) Employment
Actuaries are experts in:
1.) Assess the likelihood of future events;
2.) Designing creative ways to reduce the likelihood of adverse events;
3.) Reduce the impact of unwanted events occurring;
4.) Product Development;
5.) Financial reporting;
6.) Prices of insurance products;
7.) Studies of special projects to include a specific type of industry;
8.) Analysis of cost data and cost projections for the future;
9.) Coordination with the marketing, underwriting and sales of units and
10.) Monitoring legislative and regulatory changes.
Personality traits
11.) Be comfortable with numbers
12.) Computer sound Skills
13.) Understand the security needs of the people involved
14.) An approach analytical
15.) Good general awareness
16.) Strong business knowledge
17.) Good communication skills
18.) Understanding the behavior human
19.) Good time management skills
20.) Quick thinking and adaptability
(D) Wages
1) entry level salary is approximately Rs. 8 lakh pa
2.) Salaries at the higher levels would range from Rs. 30 to 50 lakh per year.
About the Author
Anirban writes on behalf of Shiksha.com.Shiksha is a portal that connects education seeker with education provider.Shiksha provides information about Insurance Courses andFinance Courses
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