Plethora Of Insurance Jobs In India
Jobs in insurance sector are emerging at a fast pace due to the growing demand of insurance policies across the country
. This sector has widened its scope and reaches in last few years and is now reaping huge benefits. Insurance jobs are available throughout all levels like executive, administrative and managerial and in all types of insurance i.e. life insurance jobs, health insurance jobs, marine insurance jobs, fire insurance jobs, property and automobile insurance jobs and others.Getting insured is an easiest and the safest way of avoiding a risk, it is the covering of risk from loss and damage or from the agents causing them. This risk could be on life, health, travel, automobiles, goods, properties from agents like accidents, thefts, fire, emergencies, etc. In financial terms, insurance is the coverage or a financial agreement between two parties called insurer and insured of which one undertakes to indemnify others loss. Insurance companies reduce the risk of financial loss to both individuals and organizations in return of the payment of regular premiums.
There are wide options for those thinking to pursue a career in insurance. Some of the careers are of underwriters, insurance agents, insurance adjusters, insurance brokers, etc. in insurance sales that maybe life insurance, medical insurance, pet insurance, risk management insurance, state farm insurance, etc. To explain a little more:
-Underwriters are the most important link between an insurance company and the insurance sales agent. They calculate the level of risk and the premium amount before writing the policies.
-Insurance sales agents are the intermediaries who ensure that clients get the best cover for their lives, health and property. They may work exclusively for one insurance company or represent several companies by acting independently as brokers. They have to don the role of advisors to some extent and also help clients in submitting their claims after a loss.
-Claims adjusters have a traveling job as they are required to visit the clients insured property and inspect the damage occurred. They are involved in processing the financial aspects of paying claims as the job title suggests.
In a financial or insurance company, a professional may take up an insurance job in any of the following departments:
1.Administration Department - One has to deal with the registry of claims.
2.Development Department He/ She is involved in dealing with marketing and procurement of business, etc.
3.Accounts Department One is required to deal with the management of funds and their disbursement.
4.Investment Department He/ She is responsible for the investment of funds of insurance company.
As said earlier, there are many career options in Insurance companies for those with diverse skill sets. Some of them are:
Administrative support occupations including clerical jobs make for almost 40% of insurance-related jobs like:
1.)Insurance policy processing clerks.
2.)Secretaries.
3.)Adjustment clerks.
4.)Bookkeeping, accounting, and auditing clerks.
5.)Receptionists and information clerks.
6.)File clerks.
7.)General office clerks.
8.)Insurance claims clerks.
9.)Word processors and typists.
10.)Office and administrative support supervisors and managers.
The mainstream occupations at executive, administrative and managerial levels comprise of the following kind of jobs:
1.)Insurance adjusters, examiners, and investigators.
2.)Claims examiners, property and casualty insurance.
3.)Accountants and auditors.
4.)Financial managers.
5.)General Managers and top executives.
6.)Insurance underwriters.
Other Marketing, Sales and Technicians related support occupations include:
1.)Insurance sales careers.
2.)Marketing and sales worker supervisors.
3.)Computer systems analysts, engineers, and scientists.
4.)Computer programmers.
5.)Legal assistants and technicians, except clerical.
You may choose whichever profile suits you the best and become a part of the swiftly growing insurance industry.
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