About Insurance Sector
One of the fastest growing sectors in India is the Banking, Financial Services and Insurance (BFSI). A career in these sectors offer multiple career opportunities for your professional growth. By being a part of the BFSI sector, is a presitigious and meaning career as you become of part of India’s economic progress and nation building agenda.
The insurance industry in India has life & non-life insurance companies. While Life Insurance Corporation (LIC) is the sole public sector company in the life insurance segment, there are six public sector insurers in the non-life insurance segment. In addition to these, there is a sole national re-insurer, namely General Insurance Corporation of India (GIC Re). The other stakeholders in the Indian Insurance market include agents (individual and corporate), brokers, surveyors and third-party administrators servicing health insurance claims.
The Government of India has taken number of initiatives to boost the insurance industry. The Insurance sector is highly underpenetrated. The market penetration is about 3.76% in India.
Total companies --- Life Insurance -24 & Non-life insurers- 34
Certificate in Bancassurance Channel Management
In an era of collaboration and convergence, Insurance companies are working closely with Banks to bring meaningful solutions to customers. This has given rise to the Bancassurance Channel popularly called Banca Channel. Banca is not just another sales channel. This is a very important business model both for the insurance and banking sectors requiring knowledge, specialized skills for delivering high quality customer service.
On successful completion of “Certificate in Bancassurance Channel Management”, your knowledge, skills and approach as an insurance professional makes you industry ready from Day 1.