Life does not have guarantee! We all come with an expiry date! While one lives there is responsibility of family and property. What covers and compensates in case of accidents or medical problems? A burglar breaks in and flees with valuables can one get compensated? Insurance companies provide cover and protect against risk or shocking incidents in life. These are financial institutes where policy is applied with certain rules and obligations. Policyholder is the one who buys policy and gets insurance coverage. The other is the one or the company who sells policies is insurer. With many insecurities increasing in life jobs in insurance companies in India are doing very well.
Insurance policies differ depending on their status. The one, who buys a policy, nominates someone from his family in case of his death. A monthly premium is paid, which acts as the cost of the policy. It is renewed at the time of maturity of the policy. The insurance companies in India are growing with mixture of public and private sectors. These sectors provide insurance to innumerable people. Jobs in insurance companies in India employ thousands of people. To be in insurance agency, one has to start his career as an insurance agent. Insurance agencies offer opportunities in marketing, distribution, consultation, investment departments, etc. Entrance in insurance company requires education of 10+2 basically. Life Insurance Corporation of India (LIC), General insurance Corporation of India (GIC), and Postal Life Insurance (PLI) are the topmost insurance companies in India leading. Other multi-national companies also deal with insurance policies. Some major companies are ICICI prudential, Om Kotak Mahindra, Reliance, TATA, etc.