TRAINING REPORT OF THE CAREER OF AN INDIVIDUAL IN LIFE INSURANCE IN INDIA

BY: SWATI AGARWAL MBA III 1000570082

ORIGION OF INSURANCE
 Insurance in law & economics is a form of risk management primarily used to hedge against the risk of a contingent loss  Insurance is a sharing of a risk

Types of insurance: insurance:

1. Life insurance 2. General insurance

About HDFC Life Insurance Company Ltd

Standard Life Insurance is a joint venture between HDFC Limited and Standard Life Plc of United Kingdom. It was the first private life insurance company to set shop in India and started its operations in late 2000 The companys advertisement campaign of Sar Utah ke Jiyo was a successful one which did strike a chord in the Indian consumer minds. The company offers a healthy mix of traditional and unit linked products which cater to protection, savings, pension, investment and health requirements of individuals.

Life Insurance as a Career

The Indian insurance industry has witnessed exceptional growth with private participation. It has a mix of public and private players both in the field of life and non-life business. This sector not only provides a nonprotective shield to the lives and assets of the nation but also generate thousands of jobs and career opportunities. A career in Life Insurance is rewarding. You help people realize and fulfill their financial goals, making their lives more satisfying than ever. What's in store for you? A rewarding career, attractive remuneration, the freedom to be your own boss if you work as an agent, infrastructure support and greater opportunities. It's a win-win winsituation for your customers and you! Listed below are a few of the careers you can pursue in Life Insurance. Advisors Sales Fund Management Legal Marketing Actuarial Underwriting Operations Customer Service

Cont
The insurance corporation performs various tasks with each department having its own set of responsibilities. The various posts and their specific jobs are mentioned hereupon.

 ADMINISTRATIVE OFFICER AND ASSISTANT ADMINISTRATIVE OFFICER  DEVELOPMENT OFFICER  OTHER JOBS:  INSURANCE AGENTS  INSURANCE SURVEYORS

JOB OPPORTUNITY
Jobs in insurance involve helping individuals and business manage risk to protect themselves from catastrophic losses and to anticipate potential risk problem.  Insurance Broker and Agent  Claim Handler( are responsible for investigating incidents and paying claim. They decide the extent and validity of the claim)  Underwriters( assess risk and decide whether to accept applications for insurance cover and on what terms)

Percentage of other insurance industries

OBJECTIVES
 To know about awareness of people in insurance sector.  To know about the career opportunity in insurance sector  To know the interest of people for financial consultant as a career option in Insurance sector

RESEARCH METHDOLOGY
To collect data related to career in insurance life I take help of primary as well as secondary data.

Primary data: Questionnaire methods

Survey Sample size: 100 respondents Location: Agra

Secondary data: Book News papers Internet Magazines

DATA ANALYSIS
Q.1 Have you heard about insurance sector?

Q .2 Would you like to make career in insurance sector ?

Q. 3 Which kind of career you are looking in insurance sector for yourself ?

Q.4 Do you satisfied with current working system of insurance sector ?

Q10. If there is an offer for FCs / Advisor then you prefer to join which Insurance organization? (a) HDFC (b) LIC (c) BAJAJ ALLIANZ (d) ICICI PRU (e) RELIANCE LIFE INC. (f) BHARTI AXA (g) Any other

Q.6 If you opinion what is the future of insurance sector in India ?

(a) Bright (b) Average (c) Low (d) cant say

FINDINGS
 LARGE NUMBER OF POPULATION IN AGRA REGION IS AWARE ABOUT INSURANCE. INSURANCE.  PEOPLE ARE INTERESTED TO OPT INSURANCE SECTOR AS THEIR CAREER  PEOPLE ARE SATISFIED WITH THE WORKING SYSTEM OF THE INSURANCE SECTOR. SECTOR.  MAXIMUM NUMBER OF PEOPLE ARE SATISFIED FROM THE CULTURE OF THE INSURANCE SECTOR. SECTOR.

SUGGESTIONS
     People should be made aware about advantage of insurance. People should be made aware regarding career opportunity in insurance sector. Payment should be made on salary basis instead of commission. Make them to realize that how much important insurance is. To give the insurance knowledge of rural area

CONCLUSION
They know that the future of insurance sector is bright in India. They prefer government authorized insurance organizations. They think that working as financial consultant can provide them future security.

 working System of Insurance Organizations should be transparent and simple. Youths are interested to make career in insurance sector.