Building a career in the insurance industry that has prospects of growth and opportunities for individuals to get established requires hard work as well as industry-oriented study and training. Over the last few years, the insurance industry has revealed huge scopes of growth and a promising career.
The Indian insurance sector is expected to exhibit a growth of 14 – 15 percent in the next five-to-six-year unleashing the exclusive career-building scopes in this field. Government is taking many initiatives to boost the insurance sector like increasing the FDI limit in insurance from 49% to 74%, announcing digital insurance policies, privatisation of state-run general insurance companies and many others. In India, it is quite below at around 3.76%. However, behind this under-penetration lies the magnificent growth opportunity of this sector, which now has promising career opportunities for the youth of the country.
How to Select an Institute for Insurance Course (Article Index)
Analyze Institute Reputation and Course Type
Faculty and Course Module
Placement Assistance
Loan Facility Availability
TimesPro CPISSM Benefits for Insurance Career
Key Highlights
According to a report issued by the S&P Global Market Intelligence data, currently, India is the second-largest insurance technology market in Asia-Pacific.
The insurance industry accounts for approximately 35% of the US$ 3.66 billion insurtech-focused venture investments conducted in India.
In FY21, LIC, one of the leading insurance companies in India, achieved a record premium income. It announced its premium income as Rs. 56,406 crores (US$ 7.75 billion) for the individual assurance business, recording a 10.11% growth over last year.
Besides government and insurance companies are making constant efforts to enhance general awareness, acceptance, and adoption of insurance in the Indian market. This is perhaps the right time to go for one of the top Insurance certification courses and prepare for a great career ahead.
Analyze Institute Reputation and Course Type
Picking up an institute for professional training like Certificate courses in insurance requires thorough research work. Insurance is a booming and promising career in this age, and numerous Insurance and management courses are growing around in cities of India. However, when it comes to shaping your future and career with a professional training course, you need to look for a reliable and reputed institute. There are a few ways to gauge the reputation of an institute offering Insurance certification courses in India:
The experience of the institute in offering the respective course.
Studentsuccess rate in completing the course and fetching a successful career.
The type of courses and their curriculum are important. While some institutes offer courses for freshers only, others also offer professional online insurance courses in India for working professionals.
Check out feedback and reviews about the institute from students who have studied at the institute.
Faculty and Course Modules
When your goal is not just to enter the insurance industry but to excel and advance on an upward career path over the years, you need experts from the industry to train you. Both curriculum and faculty plays a pivotal role in shaping one’s understanding, offering in-depth knowledge of the subjects as well as offering a practical overview of the industry and market trends.
Theoretical knowledge and practical work-life might differ on some strings; however, good Insurance management courses in India can help a student acquire deep domain knowledge as well as practical learning imparted by experts. This is perhaps why most reputed and leading institutes of professional studies prefer hiring industry experts and highly qualified professionals as their faculty members.
Placement Assistance
When you intend to join any of the top professional insurance management courses online, you also need to look for placement benefits. These educational institutes have collaborations with top insurance companies of India and offer placements to outstanding candidates. So, when looking for a course, prefer joining one that has a network of hiring partners including top insurance companies. Some also provide interview training and resume writing. Potential students can take advantage of this opportunity to have a great beginning at the end of their course.
Loan Facility Availability
Short Duration Insurance courses in India are mostly affordable as compared to other technology related courses. Besides, the insurance domain is an easily accessible industry for students of any stream or educational backgrounds. Students seeking financial support for professional studies must check if loan facility is provided by the instituite in collaborartion with some bank or any other scheme. TimesPro courses offer easy finance option and and a great educational opportunity for a desirable career.
TimesPro CPISSM Benefits for Insurance Career
Known for its professional programs by experts, TimesPro today takes up a leading position among management and insurance study institutes. It is one of the top institutes of India offering short-term insurance courses of 3 months with intensive virtual classes 3 days a week, i.e. CPM.
The course integrates comprehensive domain understanding to product knowledge as well as soft skill grooming to make interns prepared for a professional career. The course is designed to offer training for mandatory IRDA certification to achieve a successful career as an insurance officer.
CPISSM course by Times Pro offers the LEAP advantage which means Learn Earn and Pay. So No-Placement-No Fee Payment*. They also offer 3 payment options i.e. 100% advance fees (pay less), loan through NBFC and Payment through Bank FD.
The institute also offers 5 assured interview opportunities with leading placement partners like Exide Life Insurance, HDFC Life Insurance, ICICI Prudential Life Insurance, Bajaj Allianz Life Insurance, Kotak Life, and Reliance Nippon Life Insurance for placement.
Times Pro is an Award-winning educational initiative started by The Times of India Group. Their programs are recognised in the industry and aim to help aspirants gain the right domain knowledge for enhancing their Employability Quotient. They have an amazing track record of placing 10,000+ learners across various TimesPro programs.
Therefore, if you’re seeking to grab an opportunity in a promising domain like the insurance industry, you need to register for CPISSM short-term insurance program to gear up in your career. Know more!
To know more: https://timespro.com/things-to-consider-when-selecting-an-institute-for-doing-an-insurance-course/
Thus, all such consumers who are caught by the family glitch or coverage gap and don't have access to affordable ACA-compliant coverage may at least find out about the short-term plans available in their area to check whether it is worth having or not.
These plans usually provide coverage for 3 months or less but in some states, they even provide coverage for 1 to 3 years.
However, people should be aware that short-term health insurance plans unlike major health insurance plans do not have to adhere to any federal regulations.Who is Eligible for Short Term Plans?It is observed that many mid-income group people fail to enroll in the Individual health insurance plans, mainly because they are ineligible for premium subsidies.
Hence short-term plans turn out to be particularly useful for a majority of the 30 million uninsured that especially include early retirees looking for short period coverage before they become eligible for Medicare, people between jobs, self-employed, and individuals who don’t have access to employer-sponsored plans and find monthly premiums of ACA-compliant health plans unaffordable.
Short-Term Plans Significance during the PandemicShort-term insurance turns out to be a valuable option during the coronavirus pandemic, as it allows people to obtain coverage for a short duration of their unemployment period.
With the uncertainty looming over their jobs and even if they get a job then also their employers may impose 90 days waiting period before including them in the group health plan.
