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Job Opportunities in Insurance Sector

IIRM (Institute of Insurance and Risk Management)

In the present day employment providers list, Insurance industry is skyrocketing with providing confident career opportunities to unemployed youth. In the background of entry of private insurance companies and with the Government’s strong desire for increasing the FDI (Foreign Direct Investment) in insurance sector, the need for trained personnel has been phenomenally increasing from year to year. To fulfil the needs of the industry, Institute of Insurance and Risk Management, an institute with international identity has been started at Hyderabad.

A focus on the Institute of Insurance and Risk Management

With an aim to produce insurance professionals and specialists, Institute of Insurance and Risk Management has been formed in 2002 as a joint ventureof the Insurance Regulatory and Development Authority of India (IRDA) and the Government of Andhra Pradesh. With the high standards of its academics, it acquired international identity. Candidates completing the courses of this Institute are getting ample opportunities in multinational companies.

Eligibility conditions for admission into these courses …

For admission into its courses, the minimum qualification is a Bachelor’s Degree with 50% of aggregate marks. It is offering 4 types of courses.

International Post Graduate Diploma in Insurance (General and Life)
International Post Graduate Diploma in Risk Management
International Post Graduate Diploma in Insurance Plus (General and Life)
International Post Graduate Diploma in Risk Management Plus
Admissions into these courses will be based on the candidate’s academic record and personal interview

In addition to the above, it is making available a strategic and high-status key-roll playing course in Actuarial Science – International Post Graduate Diploma Program in Actuarial Science. Students, who secured 50% in their graduation or post graduates with Mathematics / Statistics / Economics as one of the main subjects, are eligible for admission into this course.

Notification for admission into these courses will be released every year in March/ April for the academic sessions in these courses starting in August. A special Centre is created exclusively for Actuarial Science course.

Training with practical orientation …

In the matter of training, IIRM is giving more emphasis on the aspect of Practical Orientation Training. It also provides Internship facility for a specific period during the period of the course, resulting in improvement in the candidate’s understanding of the base level processes and procedures.

Distant education courses also Available in IIRM

With a view to making available to working professionals and candidates, showing interest to take up insurance as their career, IIRM is conducting 3 courses in distant mode of education.

International Post Graduate Diploma in Life Insurance
International Post Graduate Diploma in General Insurance
International Post Graduate Diploma in Life Risk Management
The admission process has already started for the January 2015 courses. These courses will have 2 semesters and Degree holders are eligible

The special attractive feature for admission into these courses (both regular and distant-mode) is that there is no age restriction for the candidates. It is a boon to those, who wish to change their careers, to those of the mid-career professionals in the industry and the enthusiastic persons to take up insurance as a career.

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Corporate Programmes to Working Professionals …

IIRM has already taken up Corporate Programmes for development of specialized skills to those, who are already employed in insurance industry. These programmes are conducted separately with the proposals of various individual institutions/ organizations.

National and International Identity …

The teaching methodology in the courses being followed by IIRM has acquired for it national and international recognition. It is conferred special recognition by the Chartered Insurance Institute, London as its “Accredited Professional Development Centre”, with the result that candidates’ completing IIRM courses get exemption in some of the related papers in CII, London Diploma and ACII exams. Recognition is also accorded to IIRM course by the Institute of Risk Management (London) and Society of Actuaries (America). This recognition is not only to the regular courses, but also applies to distant-mode courses.

IIRM stands on par with the historically recognized Insurance Institute of India (III), Mumbai, in our country. The International Post Graduate Diploma Course of IIRM has been recognized by IRDA as equivalent to the Fellowship being issued by III, Mumbai.

Special recognition in industry circles …

Students completing the course of this institute are being offered good placements. Tata AIG General Insurance Company, United Health Care India Private Limited, ICICI Bank, SBI Life Insurance, Kotak Life Insurance and other famous insurance organizations are conducting campus recruitments in IIRM. Not only the insurance companies, but also organizations in Software and Banking & Financial Institutions are conducting campus recruitments in IIRM. Every year 95% of the students of this Institute get absorbed with offers with a minimum salary of Rs.2.5 lakhs and a maximum of Rs.5 lakhs (on an average of Rs.3.5 lakhs of annual salary).

From ‘Local’ to ‘Global’ …
IIRM secured international recognition within a short period of time after its inception. It is only due to the infrastructure of international standards it is having with the best of the faculty, latest teaching methodology, mode of training and extensive Library it built-up. It is continuously updating its various processes, analyzing the international technology changes and needs of the industry. It facilitates its students to have global access. It is also giving prominence to research activities, which makes it closer to the industry and students getting sharpened with high-level skills.

Actuarial Science is the back-bone for product design in insurance, especially life insurance companies. Candidates possessing qualifications in this subject are rare and therefore the demand for them is huge with offers with lakhs of rupees of compensation along with attractive perks and facilities provided to them. Maths graduates with a good grip in maths and statistics can attempt to take up this course for the best of the careers that one can think of. GOOD LUCK!

Published by Sarkari Naukri Samachar

1 comment:

  1. It seems I'm on the right track, I hope I can do well. The result was something I did and was doing to implement it.


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