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Insurance Agents

     
 

Career as Insurance Agents
Insurance is the mode that indemnifies people and establishments suffering accidents and losses. Developed countries have insurance for almost every thing; from a car to a space shuttle and from human life to human body parts, all are insured! In Pakistan insurance industry is only 0.5% of country’s GDP and is sub-divided into two major types:

  • Life Insurance

  • General Insurance

At present there are 54 small and large insurance companies working in Pakistan, this includes 49 general insurance and 5 life insurance services companies. This industry offers two distinct job opportunities:

  • Office work

  • Field work

Office work normally includes,

  • Under writers

  • Actuaries

  • Claim issuers

  • and clerks etc.

Filed work includes,

  • Business agents

  • Inspectors

Every section has its own duties and responsibilities. Business agents or Inspectors act as a bridge between the insurance company and its clients. Types of policies, selection of policies, payment of premium and other required information are provided by business agents. 

Before starting as an insurance agent a course from insurance institute is required. Afterwards any insurance company can be joined on monthly stipend with a commission on every sale of policy. Even one can self-employ in this field by acquiring a license, but this offers only commission on each policy sold. If you are confident, social, and good in speech and can influence people along with interest in sales, you too can start work as Insurance agent.