TODAY -

Career @ Insurance - Part 2

Ranjan K Baruah *



We have published about career options related to insurance and in this edition we are publishing more about insurance and agencies associated with it .

In India, insurance has a deep-rooted history. It finds mention in the writings of Manu ( Manusmrithi ), Yagnavalkya (Dharmasastra ) and Kautilya ( Arthasastra ).

The writings talk in terms of pooling of resources that could be re-distributed in times of calamities such as fire, floods, epidemics and famine. This was probably a pre-cursor to modern day insurance.

Ancient Indian history has preserved the earliest traces of insurance in the form of marine trade loans and carriers’ contracts. Insurance in India has evolved over time heavily drawing from other countries, England in particular.

As per an ASSOCHEM report, insurance sector requires 30 lakhs of manpower by 2030. Therefore there is an urgent need for trained professionals with knowledge and skills of the sector.

There are different positions in the sector which includes Administrative Officer (AO) & Assistant Administrative Officer (AAO), Development Officer, Insurance Agents, Composite Agent, Insurance Surveyor, etc.

Though the minimum qualification for the insurance agent is 12th but for other administrative and management posts higher qualification like graduates or MBAs are preferred.

The Insurance Institute of India (III) formerly known as Federation of Insurance Institutes (J.C. Setalvad Memorial) was established in the year 1955, for the purpose of promoting Insurance Education & Training in the country.

National Insurance Academy (NIA) is a premier institution devoted to equip the insurance industry with the best of talents. Its close association with the Insurance industry provides the ‘real life’ reference to its training, education, research and consultancy activities.

Following the recommendations of the Malhotra Committee report, in 1999, the Insurance Regulatory and Development Authority (IRDA) was incorporated as a statutory body in April, 2000.

The key objectives of the IRDA include promotion of competition so as to enhance customer satisfaction through increased consumer choice and lower premiums, while ensuring the financial security of the insurance market.

Institute of Actuaries of India (IAI) is a statutory body established under The Actuaries Act 2006 (35 of 2006) for regulation of profession of Actuaries in India.

Personnel attributes which are essentials are like good communication and networking skills. One needs to have pleasant personality and friendly behaviour with others to get more success in this field.

This area has tremendous prospect in near future for which one can train him or her. Initially people have thought that insurance are for those who are rich or afford to pay the amount but now it has changed its course and there are many aspects of insurance including crop insurance and others which benefits the farmers.

Many corporate are also trying to rich out to rural areas for their business which brings more scope for young people and others who wanted to get associated with insurance sector. There are micro insurance which are mostly for rural people.


* Ranjan K Baruah wrote this article for The Sangai Express
The writer is a career mentor and can be contacted at bkranjan(AT)gmail(DOT)com
This article was posted on December 27, 2017.


* Comments posted by users in this discussion thread and other parts of this site are opinions of the individuals posting them (whose user ID is displayed alongside) and not the views of e-pao.net. We strongly recommend that users exercise responsibility, sensitivity and caution over language while writing your opinions which will be seen and read by other users. Please read a complete Guideline on using comments on this website.




LATEST IN E-PAO.NET
  • Women's Polo Tournament #2 : Gallery
  • Kanglei Lyrics :: Android Apps
  • Emoinu Khoiramba @Koubru #3: Gallery
  • Driver's Day observation : Gallery
  • HC to revive Human Rights Commission
  • Walk-in-interview at Mizoram University
  • CBI should not do interference..
  • TSA Gunpi Block installed
  • Nagaland Election: another truth of IM
  • Highlighting stand to Rajnath Singh
  • NE youths know India better than most
  • Naga Hoho determined to boycott Polls
  • Myanmar stretch used by militants identified
  • Kachai Lemon Fest @Ukhrul #1: Gallery
  • Gaan Ngai @ Ragailong #1 : Gallery
  • Kachai Village: An Abode of finest Lemons
  • Cry Of A Dying River...14 :: Poem
  • Conflict: A pre-requisite or stumbling block
  • How was the sun formed & emit light
  • Training & placement by Jettwings
  • The Killing Fields :: News Timeline
  • Rohingya Crisis: Lecture at Indonesia
  • The haunting shadows
  • Announcing poll date for Nagaland
  • Women's Polo Tournament #1 : Gallery
  • Fashion Show: 'Handloom' #2 : Gallery
  • Reporting in Conflict Situation #1
  • Treatment schemes of RIMS, Lamphel
  • Home remedies for skin pigmentation
  • NE Chapter of ICSI inaugurated
  • Media credibility matter to uphold its sanctity
  • Setting down Jan 31 deadline : SC
  • Tangkhul Zingtun Longphang #1: Gallery
  • Wungramphy, Khamgonpou: eMing
  • NEROCA FC Vs Indian Arrows #3 : Gallery
  • Career option in Human Rights
  • Water conflicts over the Brahmaputra
  • PAC against Killing of Pravish: 17 Jan
  • Neiphiu Rio resigns from NPF
  • NPF-BJP Relationship : NPF clarifies
  • Consolidating the sporting heritage
  • Rising air and noise pollution
  • Kukis have equal right... : Neiphiu Rio
  • Rajnath reviews security in NE
  • Lafoi Shamda puthorkpa #2 : Gallery
  • Sangai Fest: Commercial Stalls #3: Gallery
  • The joy of living :: Poem
  • Bamboo a tree or grass ?
  • SELF Workshop on Leadership & Fulfilment
  • Fight against corruption; we need Lokayukta
  • Hailing the role of drivers
  • Nangna Helli Nungshiba #2 :: eRang
  • Pung Chollom : Gallery
  • Wakhal Seireng :: Book Review
  • Imphal Jamboree by Global Shapers
  • Importance of regular health check-ups
  • Meetei demand for ST is Constitutional.. #2
  • Weapon Display organized at Moreh
  • Ex-Servicemen Rally organized
  • AR helps Orphanage & Old Age Home
  • Search of comprehensive culture & identity
  • List of MLA (Jan 2018) #1 : Gallery
  • Manipur Gas Today :: Android App
  • Imoinu Erat Thouni #3: Gallery
  • GNRC media fellowship announced
  • The Meiteis- Festival & celebration maniacs
  • How to make bridal mehndi long lasting
  • Governor's attention drawn to RIMS
  • Scientist develops prototype of electric car
  • Stereotypes about NE make people living..
  • Light Show at Loktak Lake #5 : Gallery
  • Candlelight vigil for Pravish : Gallery
  • Imbroglio of ethnic identity of Ranglong
  • Foundation For Excellence scholarship
  • Time Table - Class XII Exam 2018
  • Mail spoofing- Trickery by deception
  • Trial by fire
  • Call for solution before election
  • Villagers along Myanmar border get pass
  • Meetei Chanu 2017 #3 : Gallery
  • Art and Artist, A Creative Space
  • NEROCA FC Vs Indian Arrows #2 : Gallery
  • Ode to Thy Mellow Light :: Poem
  • Xmas with Meitei eche at Phaijol
  • Time Table - Class XI Exam 2018
  • Indo-Naga Talks 2017 :: News Timeline
  • IMC , now another hurdle to traffic mgmt
  • Setting aside two days for the people
  • Maring: Kummui Chaa-um : Gallery
  • Miss Manipur 2017 #5 : Gallery
  • Statehood Day Women's Polo Tournament
  • Time Table - HSLC Exam 2018
  • Bananas: Beauty's best friend
  • DPC for Follower at Manipur Police
  • Job Openings at JCRE Skill Solutions
  • The lost treasure
  • Nagas' Interests : Stand of NPF MSU
  • Nagaland polls on schedule: HM
  • Mukna Kangjei Tournament #2: Gallery
  • Keisham Manihar : Natyabhusan(Leela)
  • World Tourism Day #3: Gallery
  • Responsibility of protecting the environment
  • Phishing vs Vishing: The Verbal Challenge
  • BNHS Bi-monthly Program for Jan-Feb
  • Managing weight for preventing diabetes
  • Making democracy peoples' participatory
  • Progressing from media to SC
  • Manipur to set up modern food lab
  • Gaan Ngai @ Kakhulong Khun: Gallery
  • A trip to Moreh #2 : Gallery
  • How long catchy slogans keep hopes alive
  • Recycling of hospital waste-water
  • I am sometime or somewhere : Poem
  • Angami Zapu Phizo's Surreal 2017 AD
  • Film "Legacy Of King Narak" awarded
  • Of PM and our CM
  • Patronising the killing machines ?
  • Deferment of polls unlikely: Ravi
  • PM may visit Manipur in March
  • Emoinu Khoiramba @Koubru #2: Gallery
  • NEROCA FC Vs East Bengal #2: Gallery
  • Transform Colleges into Innovation Centres
  • New Delhi: World Book Fair 2018 :: Review
  • Cry Of A Dying River...12 :: Poem
  • Workshop on National Pension for NE
  • Law enforcers action - Well & good
  • Final pact yet to see light of day
  • Cold wave hits Manipur
  • Take out the cymbals, Manoharsai to stay
  • Indo-Naga Peace Process :: Articles
  • MaiOn - Scenes #2 :: eRang
  • Imoinu Erat Thouni #2: Gallery
  • Miss Manipur 2017 #4 : Gallery
  • Is Global Warming Natural or Anthropogenic
  • Prof Gangmumei Kamei: Legendary hero
  • Common Education System rally organized
  • DAMMS launched 2018 calendar
  • Chorus for 'Solution Not Election'
  • NEROCA FC Vs Indian Arrows #1 : Gallery
  • Gaan Ngai @Moirangkhom : Gallery
  • I was born healthy, I wanna die healthy
  • Practice peace & change the life
  • TSA Moreh Block installed
  • Cycle Rally: common education system
  • Ethics, medical profession & soaring fees
  • Meetei Chanu 2017 #2 : Gallery
  • Inner Line Permit (ILP) Demand :: Timeline
  • Meira rally for Pravish : Gallery
  • Accelerate momentum to endTB for SDGs
  • The call that can't be turned down
  • Live@MDU: New act with same old vibes
  • 1st Centre of Excellence- Electronics Skill
  • LED Lights installed by Loktak Station
  • NE tragedy: Policy failures & influx
  • Angaoba - Scenes #3 :: eRang
  • 51st Mr Manipur Contest 2017 #3 : Gallery
  • Result: Manipur Sangai Intl Digital salon
  • Use Swachhata App to Make Imphal No. 1
  • Career @ events and celebration
  • Night nourishing
  • Indo-Nepal Friendship: 25 yrs of Don Bosco
  • Understanding the indices of life
  • Poppy cultivation & drug cartels
  • Emoinu Khoiramba @Koubru #1: Gallery
  • Day 10: Closing of Sangai Fest #4 : Gallery
  • The creation of the universe, matter...
  • Mumbai: The city of dreams
  • Let this new year kill your new fears
  • Asian Waterbird Census: Count waterbirds
  • Looking for a better inclusive alternative
  • Coaching & commercialisation of education
  • New Year picnic @ Singda Dam : Gallery
  • Miss Manipur 2017 #3 : Gallery
  • Despite Stolen Dreams :: Book Rvw
  • Handloom Training @Hojai : Gallery
  • World Tourism Day #2: Gallery
  • Eyek Tamba :: Learn Manipuri script
  • Front Page Photo #6: Gallery
  • Calendar for the Year 2018 :: e-pao Tools
  • 51st Mr Manipur Contest 2017 #2 : Gallery
  • Crowd @ Flower Festival @Mao #4: Gallery
  • Kwatha (Indo-Myanmar Border) #2: Gallery
  • Flower Festival @ Mao #3 : Gallery
  • Restricted Holidays 2018 : Govt of Manipur
  • Lourembam Bedabati : Sangeetbhusan
  • List of RIST popular talks during 2014-2017
  • Christmas eve @ CCpur #2 : Gallery
  • Public Holidays 2018 : Govt of Manipur
  • Pui Thangamliu #2 :: eRang
  • Royal Crematorium at Bangkok #2 : Gallery
  • General Holidays 2018 : Govt of Manipur
  • Manipur Sangai Festival 2016 #7 : Ooba
  • Manipuri Calendar for 2018 : Download it
  • Old Manipuri Movie #1 :: eRang Classic
  • SPONSORED ADS