Mr. Harish Kher (ex SBI) and Senior Trainer at Bank Power , evaluates and provides an Insight into the profile of Insurance Assistants in context of the vacancy recently announced by National Insurance Company for the CWE of 2600 Insurance Assistants.
Four Indian public sector general insurance companies have advertised for 2600 vacancies of assistants in their offices. Many candidates have approached us seeking guidance about the job profile and future prospects of these assistants. We therefore give below a brief idea about the posts and the future prospects.
To begin with it would be better for candidates to understand that these posts are entry level clerical posts with salaries more or less equal to the salary of a clerk posted in a nationalized bank. These are permanent posts. For those candidates who want to join govt. Sector this is a good opportunity.
The nature of work will comprise of routine clerical duties like issuing insurance policies (which will be marketed by Insurance Agents and Development Officers), settling insurance claims, accepting cash, routine office administration etc depending on their posting (whether in branch, divisional office or Regional office). Purely from risk profile the job of an insurance assistant will comprise of lesser dealing with public and money than a bank assistant does.
There are internal exams which will enable an assistant faster growth in the hierarchy. The candidates can get promoted to the post of Administrative Officer, Development Officer and Manager. One big advantage of this job over a bank job is that IT IS A FIVE DAYS A WEEK JOB.
Second advantage is that DUTY HOURS ARE FIXED in these organizations and there is very little late sitting in the office and that not too often. This makes it an ideal job for a female candidate on the one hand and equally attractive for a male candidate who is good in marketing. Promotions in next few years are likely to be quite fast since there has been virtually no recruitment in last 2 decades. Most of the existing staff is nearing retirement and there will be number of new openings in next 4-5 years after these retirements take place.
The candidates while preparing for the written exam should prepare questions like headquarters of all the four companies and their present chairpersons, Headquarters of GIC, Place of National Insurance Academy, Chairman of LIC and IRDA, Difference between life and general insurance. The types of insurance covered by general insurance. What is re-insurance etc. Rest questions will be more or less on the pattern of normal banking exam. I hope this will settle your initial doubts to rest.
Four Indian public sector general insurance companies have advertised for 2600 vacancies of assistants in their offices. Many candidates have approached us seeking guidance about the job profile and future prospects of these assistants. We therefore give below a brief idea about the posts and the future prospects.
To begin with it would be better for candidates to understand that these posts are entry level clerical posts with salaries more or less equal to the salary of a clerk posted in a nationalized bank. These are permanent posts. For those candidates who want to join govt. Sector this is a good opportunity.
The nature of work will comprise of routine clerical duties like issuing insurance policies (which will be marketed by Insurance Agents and Development Officers), settling insurance claims, accepting cash, routine office administration etc depending on their posting (whether in branch, divisional office or Regional office). Purely from risk profile the job of an insurance assistant will comprise of lesser dealing with public and money than a bank assistant does.
There are internal exams which will enable an assistant faster growth in the hierarchy. The candidates can get promoted to the post of Administrative Officer, Development Officer and Manager. One big advantage of this job over a bank job is that IT IS A FIVE DAYS A WEEK JOB.
Second advantage is that DUTY HOURS ARE FIXED in these organizations and there is very little late sitting in the office and that not too often. This makes it an ideal job for a female candidate on the one hand and equally attractive for a male candidate who is good in marketing. Promotions in next few years are likely to be quite fast since there has been virtually no recruitment in last 2 decades. Most of the existing staff is nearing retirement and there will be number of new openings in next 4-5 years after these retirements take place.
The candidates while preparing for the written exam should prepare questions like headquarters of all the four companies and their present chairpersons, Headquarters of GIC, Place of National Insurance Academy, Chairman of LIC and IRDA, Difference between life and general insurance. The types of insurance covered by general insurance. What is re-insurance etc. Rest questions will be more or less on the pattern of normal banking exam. I hope this will settle your initial doubts to rest.
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