Every individual needs job security.
However, not all jobs or industry gives you the desired security unless you do
not work for an insurance company. There are many private and public insurance companies
in India offering different job profiles and good benefits. Moreover, this is
one such industry that allows you to work as an agent while you are in another
company. Every other individual requires insurance- be it health or life. You
can work as either an insurance agent or a full-time employee in the insurance
company. Working in an insurance company like LIC offers a good career scope.
Like if working as LIC ADO (Apprentice Department Officer), you will
get a good package and pension post-retirement.
Not just as ADO, LIC offers good job
security to its employees. If you are confused about whether you should enter,
the insurance company sector or not, below are the reasons why:
LIC is not just about selling
insurance, but there are other areas too. For example, if you got a degree in
social science, you can still work as an examiner, investigator or appraiser.
Also, if you have good communication skills and empathy. You can also implement
your creativity and problem-solving design to work in the insurance company’s
loss control or risk manager.
careers are sustainable:
Insurance has a positive effect on
the economy and contributes a vast amount for the GDP. There are more and more
recruitments happening in the insurance company. From agent to additional
insurance officer, insurance companies offer great career opportunities. The
government backs many public based insurance companies, so there is no question
of its closure. Furthermore,
post-retirement you will be receiving a long-term pension. The amount for the
retirement completely depends on the position in which you got the retirement.
Advancement in Insurance Company
There is a good career advancement
happening in the insurance companies. You can start your journey as an agent;
then work in a higher position. In a public sector insurance company like
Oriental Insurance, begin your journey as a clerk, with growing experience; you
will get the post of general manager and officer. If you are working as OICL AO,
you will enjoy a good package and other monetary benefits. There is good job
If you are working in an insurance
company, especially in the public sector, you will have flexible work
arrangements. However, there will be targets that an agent or officer has to
fulfil in the given deadline. Many employers working as an agent also prefer
working on the field or from home. They get a set target of selling insurance.
Occasionally, you may be required to attend meetings at the office.
One of the benefits of working for
an insurance company is working as an insurance agent while working full-time.
There are lakhs of independent agents who work for LIC or Oriental Insurance.
For every insurance you sell, you get the commission from the company. The more
you sell, the more you get the commission. This is certainly the best way to
increase your extra income.
in the Communication Skill
When you are working for an
insurance company, you are selling policies to people. You will need to have a
good convincing power along with the communication skill. If you already have
these two, you are certainly going to sell a good amount of policies. Moreover,
you will also be getting the opportunity to work in a higher position.
Furthermore, this skill will help you to meet different people. Many insurance
sales agents spend good time meeting new people and work with sales teams on
working for an insurance company is highly beneficial in all senses. Every
year, LIC and Oriental Insurance companies recruit thousands of aspirants to
work with the company in different positions.