In the liberalization era the Indian insurance industry has witnessed exceptional growth with participation of both public and private sectors players. There are many public and private players both in the field of life and non-life insurance business. The major government companies are Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC) and Postal Life Insurance. Private players like Om Kotak Mahindra, Birla Sun Life, Tata AIF Life, Reliance, HDFC Standard Life-Insurance Co., Max New York Life, Sundaram, Cholamandalam, IFFCO Tokyo and Tata AIG are also there. This sector not only provides a protective shield to the lives and assets of the nation but also generate thousands of jobs and career opportunities. To pursue a career in the insurance industry, one has to pass the entrance examination conducted by the Actuarial Society of India, Mumbai. Students who have passed 10+2 or equivalent exam are eligible. License is needed to work in this field which can be achieved through a training programme, Insurance Institute of India conducts Licentiate, Associateship and Fellowship plus other training programmes for insurance services.
Institutes Offering
Actuarial Society of India, Mumbai, Amity School of Insurance and Actuarial Science, Noida, Birla Institute of Management & Technology, New Delhi, College of Insurance and Finance, Hyderabad, International School of Actuarial Sciences (ISAS), Hyderabad, National Insurance Academy, Pune, The ICFAI School of Finance and Management, Hyderabad, etc.
