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What are the job opportunities in Insurance sector?

Varsha Subramany
created: 22nd Mar 2017 Last Modified: 27th Mar 2017
Conversations: 2


Pushpendra Malav
created: 20th Sep 2019 Last Modified: 20th Sep 2019

Insurance is a well known sector for the candidates interested in commerce field. the basic requirement for any stream, is graduation degree. If you want to make a career in insurance, you must have a sound knowledge in finance, commerce, money, economics, market, and business.

There are various government as well as privet sector jobs available in insurance. The various job opportunity in insurance are administrator officer, insurance agent, investment professional, surveyors, underwriter, assistant and many more.

The starting salary in this sector is fair enough. And if you are interested in lectureship or JRF, appear for UGC NET exam, which make eligible for many other opportunities. The UGC NET exam will allow you to apply for lectureship, fellowship, administrators, counselor, author, adviser, instructor and many more.

The 10+2 is also eligible to start his career in insurance sector as an agent selling insurance policies. a

Hope it will help you.

YoungBuzz Career Counsellor
created: 22nd Mar 2017 Last Modified: 22nd Mar 2017

If we look into manpower requirements of various insurance companies operating in India, there is no specific job in the insurance sector that fits your qualifications, i.e., M. Com and PG Diploma in Insurance Management. However, if we consider the profiles of various functions in an insurance company and the curriculum of a PG Diploma in Insurance Management, we can say that the closest fit could be in operations function. We are giving you a brief idea about the requirements of various jobs in insurance industry.

Actuary: Post graduate degree in Mathematics/Statistics with a Fellowship of Actuarial Society of India.

Underwriters: Preferably MBBS with a good background in medical practice

Operations: Post Graduate in Management

Information technology: BE (Comm/ Electronics/ Electrical)/ MCA/ M. Sc Computer science / B. Sc computer science

Human Resources: Post-Graduate in Personnel Management/ MBA HR/MSW

Finance: Post graduation finance or Accounts/ CA/ ICWA/ MBA Finance

Marketing: Post Graduate/ Graduate/ MBA with specialization in Marketing.

Fund Management: MBA with Finance specialization

However, as the new companies in insurance industry has just started business, most of the companies look for people with good experience along with qualifications for all the above mentioned positions. For example, companies look for people with experience in back office processing in insurance or financial institutions to place in the operations department.

Other than the positions mentioned above, one can also get a job as an Insurance advisor. For this a graduation degree or even a higher secondary qualification is enough.

For getting a job, look for advertisements of insurance companies in appointment pages of leading newspapers.