The insurance industry is growing at a rapid pace and is expected to grow further in the future. This growth is also expected to open up many new job opportunities. The industry is very reliable and stable for those looking for a promising career. Almost everyone from every type of background can be a suitable fit in this sector. Whether you want to start afresh or looking for a career change, insurance is a good career choice. If you are looking to embark on a career in insurance, you must take a relevant course to be job-ready.
Promising Career in the Insurance Industry
- Growing Professionally in Insurance
- Top Courses for Career in Insurance
- Job Opportunities in the Insurance Sector
- What Can You Expect in the Insurance Sector?
- Benefits of TimesPro’s Insurance Course CPISSM
- Enrol in TimesPro’s CPISSM!
- What Can You Expect in the Insurance Sector?
In India, the insurance industry functions in the government sector and the private sector. In the government companies, you will get salaries that are the norm and standard with the Government of India. The best part of working with the government is job security and other perks.
If you work with private agencies as a fresher, you can expect to draw a salary of around ₹10-15k per month. This salary increases as per your experience and performance.
Insurance jobs also offer commissions on the sales that you make for your company. The concept of commission is applicable to both the government and private sectors. The commission is in addition to the basic salary. So, the more you sell, the more you make from it. So, if you perform well, you can earn well in this industry. And if you are an actuary, then you earn the most among all the professionals. You get to earn at least ₹8 lakh per annum along with incentives and perks. These, too, increase with time and experience. As an insurance manager, one can earn up to ₹14 lakh, with an average salary in India being ₹5.5 lakh for this role (. Insurance is definitely a very lucrative industry for those who do not shy away from hard work, have good communication skills and are organised.
- Growing Professionally in Insurance
The insurance industry offers many opportunities to grow and advance in your career. However, you must always be updated about the latest regulations and upskill your talent to tread ahead on a growing career path. Companies are looking for qualified and self-motivated professionals who are keen on upgrading their knowledge and skillsets.
The insurance industry forms the backbone of the economy, and, in India, the insurance career has immense scope due to the huge untapped market. Therefore, the demand for qualified professionals in the insurance sector is undoubtedly skyrocketing.
This career domain is booming after the pandemic, especially the health insurance. People have become more aware and prepared to buy insurance. Further, multiple government schemes and numerous innovative products by the private players are also playing a key role in industry growth and increase in insurance jobs. The best part about insurance is that there are all types of jobs for people with varying education levels. Those with basic schooling can also find a suitable job in the industry, while those with higher qualifications can get senior job roles. Hence, enhance new skills for your professional development.
There are many insurance management courses in India that can play a key role in bagging jobs with good salaries. But certificate courses in insurance will get you the best jobs in the sector.
- Top Courses for Career in Insurance
Listed below are some of the top insurance courses in India to take advantage of the fast-growing insurance industry in India:
● B.A. with Insurance as a subject
● B.Sc. (with Actuarial Science)
● Certificate Course in specific Insurance subjects
● Short-term course for Insurance Agents
● Short-term course for Insurance Managers
● PG Diploma in Insurance and Risk Management
● PG Diploma in Insurance Science
● PG Diploma in Management of Insurance and Financial Services
● Master’s Programme in Insurance Business
● Foundation in Financial Planning
● M.Sc. in Actuarial Science
- Job Opportunities in the Insurance Sector
After you complete a short-term insurance course, you can make an entry into the insurance industry or excel further in your existing job role. The course also makes you eligible to work in various insurance domains. You can consider career opportunities in risk management and insurance. Find a suitable insurance job for yourself after exploring different types of jobs the industry offers. Short-term insurance programmes ensure that you can work as:
● Administrative Officer
● Assistant Administrative Officer
● Development Officer
● Insurance Agents
● Insurance Surveyors
● Actuaries
● Insurance Underwriter
● Investment Professionals
● Customer Service Executive
● Bank Assurance Executive
● Front Office Executive
- Benefits of TimesPro’s Insurance Course CPISSM
TimesPro is an award-winning education initiative of The Times of India Group, India’s largest and most diversified media conglomerate, which has brought a certification program in insurance, the Certificate Program in Insurance Sales & Service Management (CPISSM). The course is meant to focus on enhancing the Employability Quotient of fresh graduates in the insurance industry and provide with placement assistance. The benefits of the program include:
● In-depth knowledge of the insurance domain
● Awareness of industry trends
● Grooming and etiquette
● Effective communicative skills
● Sales and managerial skills
● Training for IRDA certification
● Affordable insurance course
● LEAP (Learn Earn & Pay) advantage
● 5 assured interview opportunities
- Enrol in TimesPro’s CPISSM!
Thus, it can be concluded that insurance offers a rewarding career with good salary packages and work flexibility. This industry is one of the most promising career choices that you could make today. Many opportunities are right there for those who have completed an insurance certification course from a reputable institute like TimesPro.
The best place to start your career in the insurance industry would be to enrol in TimesPro’s CPISSM. Know more about how to enrol in CPISSM!
To know more: https://timespro.com/insurance-industry-perfect-for-those-who-want-a-growing-career/
Thus, all such consumers who are caught by the family glitch or coverage gap and don't have access to affordable ACA-compliant coverage may at least find out about the short-term plans available in their area to check whether it is worth having or not.
These plans usually provide coverage for 3 months or less but in some states, they even provide coverage for 1 to 3 years.
However, people should be aware that short-term health insurance plans unlike major health insurance plans do not have to adhere to any federal regulations.Who is Eligible for Short Term Plans?It is observed that many mid-income group people fail to enroll in the Individual health insurance plans, mainly because they are ineligible for premium subsidies.
Hence short-term plans turn out to be particularly useful for a majority of the 30 million uninsured that especially include early retirees looking for short period coverage before they become eligible for Medicare, people between jobs, self-employed, and individuals who don’t have access to employer-sponsored plans and find monthly premiums of ACA-compliant health plans unaffordable.
Short-Term Plans Significance during the PandemicShort-term insurance turns out to be a valuable option during the coronavirus pandemic, as it allows people to obtain coverage for a short duration of their unemployment period.
With the uncertainty looming over their jobs and even if they get a job then also their employers may impose 90 days waiting period before including them in the group health plan.
There are diverse types of life insurance available in the market, but term life insurance is one of the most popular options for people.
Term life insurance, within a certain time frame, guarantees a policyholder various death benefits to their beneficiaries.
The two major factors that you should consider when buying insurance are the length of the term and the cost of the insurance.
