Insurance Inspector

Insurance Agent

Field Sales Officer

Liaison Officer

Minimum ? Graduate (any specialization)

Not applicable

The tasks a Field Officer, Insurance is expected to perform include:Planning, organising and developing various types of insurance business (life, fire, marine, accident, etc.)Guiding and supervising work of Insurance Agents

Working out plan to develop business in given area or organization

Selecting and recruiting new agents and training them in selling insurance to clients

Organising marketing activities for promoting the products

Ensuring maximum business output from the specified locality

Investigating claim cases

Acting a Liason Officer between the corporation, insuring public and the Commision Agent

Proficient in drawing out plan of work for each of his agents and guiding and supervising their day-to-day work by contacting prospective clients along with their agent, if necessary.Encouraging agents to work in scientific manner by persuading them to make regular calls on clients and maintain their workbook (daily record)Recommending appointments of suitable agents in replacement of inactive agents when considered necessary

Giving publicity in his area to various new plans devised by insurance company

Maintaining social contacts with all important persons of locality

Ensuring that maximum business from given area or organisation is secured

Keeping authorities informed about developments in his area or organisation

Investigating claim cases

Collecting first premium deposit

Degree in examination conducted by Insurance Regulatory Development Authority (IRDA)

Organising skill

Systematic approach

Quick grasping ability

Good communication skills

Analytical skills


Hard working

Presence of mind


Ability to persuade others

Commitment for service towards clients

It needs one to be on their toes

May need to handle a team

Local travelling is a part of this job role

Part-time work and contractual jobs are not available Work from home option is not available

Working hours

Companies usually work for 5/6 days a week for 8/9 hours everyday. This may vary from company to company

Shift system maybe available

Is the job suitable for a candidate with special needs?This job is suitable for candidates with One Arm (OA), One Leg (OL), Muscular Weakness (MW), Blind (B), Low Vision (LV), and those who have their Hearing Impaired (HH)

This job is not listed as hazardous or dangerous under The Factories Act, 1948 (section 87)Health hazards include work pressure, tiredness due to rigorous travelling, etc.Occupational hazards include body ache, fatigue, weakness, dehydration, etc.

For freshers - INR 25,000 to INR 30,000 per month For candidates with 3-6 years of experience or more - INR 30,000 to INR 45,000 per month(*Thisfieldtoopentherelevantjobtitlewhenclicked)

Overview of Banking, Financial Services and Insurance Industry in India

India is one of the fast growing economies and second most populouscountryintheworld.Withthe population of more than a billion people and rising per capita income India provides an enormous opportunity for the BFSI companies. Currently 58.7 percent of the Indian households do not have excess to any banking and financial service network, thus offer an enormous opportunity to BFSI companies to expand by introducing of new products, leveraging technology, deploying innovative strategies and ramping up distribution network.

India has a diversified financial sector, which is undergoing rapid expansion. The sector comprises commercial banks,insurancecompanies, non-banking financial companies, co-operatives, pension funds,mutual fundsand other smaller financial entities. The financial sector in India is predominated by banking sector. The Indian banking sector in India is fragmented, with 46 commercial banks competing for business with dozens of foreign banks as well as rural and co-operative lenders. Public sector banks holds majority of the market share in Indian banking sector.

TheIndianLifeInsuranceindustry is one on the strongest growing sectors in the country with the market size of around US$ 41-billion. India is the fifth largest life insurance market with 24 life insurance companies operating across the country. As of 2012, insurance penetration and insurance density in India stand at 3.96 percent, very low as compared to other developed countries. With the increase in per capita income and growing awareness about the benefit and

requirement of insurance, the Indian insurance market is expected to grow from US$66.4 billion in

FY13 to US$ 350?40 billion by 2020. Thus with the expected high growth the demand for various professionals in the insurance sector is bound to increase and it is expected that insurance sector will create 0.15 million additional jobs by 2022.

The BFSI sector in India currently employs over 2.55 million people and looking at the future growth potential it is estimated that BFSI sector will employ more than 4.2 million employees by 2022, an additional 1.6 million job creation by 2022. All these factors mean that there will be a huge demand of Field Officers, Insurance across towns and cities in India.

Public and Private Insurance Companies across India

Towns and cities across India

Will be updated

Colleges offering Graduation courses in India

Insurance Institute of India

National Insurance Academy

Institute of Insurance and Risk Management

Centre for Insurance Studies and Research

Will be updated