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Career In Insurance Sector Part - 3

Author : anirban d


         


E. Insurance Agents

An insurance agent is a person who takes up agency from the insurance company to sell their policy on a commission basis. He acts as an intermediary between the insurance company and the policyholder. But before doing so, he has to undergo training and get a certificate of proficiency from the insurance company.

The Job
a.) Helping individuals or companies select the right policy for their needs.
b.) Planning for the financial security of individuals, families, and businesses, advise about insurance protection for an automobile, home, business, or other property
c.) Preparing reports and maintain records
d.) Helping a policyholder obtain settlement of an insurance claim.
For being successful, agents should be outgoing and social and should have a knack of convincing people. The Insurance companies do recruitment of agents after a written test and an interview. Graduates in the age group of 21 to 35 years are preferred.
Initial stipends and pocket expenses form part of the initial packet to the agent in addition to the commission.
F. Insurance Surveyors
Insurance surveyors are qualified professionals deputed for the assessment of losses. Their job is to assess the actual loss and avoid false claims filed by the insured and on the other hand help the insured who has suffered a genuine loss by indemnification of the loss. The work is not always delighting as it often involves a lot of hard work and traveling at awkward times.
To hold a license of a surveyor, one must possess any one of the following qualifications.
a.) Fellowship or Associateship of the Institute of Insurance Surveyors and Adjustors (IISA), Mumbai.
b.) A Degree or Diploma in Architecture of a Recognised University or Institute.
c.) Fellowship or Associateship of the Institute of Chartered accountants or Cost and Works Accountants.
d.) A Degree or Diploma of a Recognised Institute of Engineering.
e.) A Degree or Diploma in Naval Architecture.
Insurance surveyors are technically qualified professionals deputed for the assessment of losses according to their qualifications and experience. A surveyor with a background in Mechanical Engineering does the assessment in the case of an industrial accident. The surveyor doesn't just survey – he/she investigates, evaluates, assesses, adjusts, determines liability, negotiates and finally reports. He is the only specialised link between the insurers and the insured. He helps insurers by minimizing and avoiding false, exaggerated claims and on the other hand helps the insured who have suffered a genuine loss by indemnification of their loss.
Study Routes
In Class XII insurance is offered as a vocational course. This can be followed by graduation in insurance or actuarial science.
Address for reference
Institute of Insurance Surveyors, Assurance Building, 232, Dadabhai Naoroji Road, Mumbai 400 001.
Diploma Courses – Eligibility: Graduation (unless mentioned otherwise)
1.) Western Region
a.) University of Pune, Ganeshkhind, Pune-7: Diploma in Insurance and Financial Services
b.) Marathwada University, Aurangabad 431 004: Certificate course in Insurance
Eligibility : 10+2
2.) Southern Region
a.) Annamalai University, PO Annamalai Nagar 608002 : Diploma in Insurance
b.) Bharatidasan University, Palkalaipur, Tiruchirapalli 620024: Diploma in Actuarial Sciences
c.) University of Madras, Centenary Building, Chepauk, Chennai-5: Diploma in Insurance.
Graduate / Post Graduate Courses - Eligibility: 10+2 (unless mentioned) for graduate courses. For Post-Graduate courses, Graduation (unless mentioned)
3.) Eastern Region
a.) Manipur University, Canchipur, Imphal – 795003: BA with Principle and Practice of Insurance
b.) Berhampur University, Bhanja Bihar, Berhampur 760 007: B.A. with Insurance as one of the applied ancillary subjects
c.) Utkal University, PO Vani Vihar, Bhubaneshwar 751004: BA with Insurance
d.) University of Kalyani, PO Kalyani 741235, Distt. Nadia W.B.: PG course in Actuarial Science
4.) Northern Region
a.) Guru Nanak Dev University, Amritsar 143005: BA with elements of Insurance
b.) Avadh University, Faizabad 224001: BA with Insurance
c.) AMU, Aligarh 202 002: Banking and Insurance
d.) Ram Manohar Lohia University, Faizabad 224001: BA Insurance
e.) Kurukshetra University, Kurukshetra 132119: BA Insurance and Actuarial Science
f.) University of Delhi, Delhi 110007: BA (P) with Insurance; BA (Voc) with Insurance and Economics and Commerce
5.) Western Region
a.) University of Bombay, MG Road, Fort, Mumbai-32: BA in Actuarial Science; B.Sc. in Actuarial Science
b.) Goa University, PO Santa Cruz, Taleigao Plateau, Goa 403 002: B.Sc. with Actuarial Science
6.) Southern Region
a.) Andhra University, Vishakhapatnam 530003 : BA Insurance.


Author's Resource Box

Anirban writes on behalf of Shiksha.com.Shiksha is a portal that connects education seeker with education provider.Shiksha provides information about Insurance Courses and Finance Courses

Article Source:
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Tags:   Insurance course, college of insurance, insurance colleges

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Submitted : 2010-01-12    Word Count : 716    Popularity:   147    Times Viewed: 8   zero times read