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  • Category: Insurance Sector Jobs

    Do insurance companies recruit their personnel through IBPS examinations?

    Looking out for information about jobs in the insurance sector? check out responses from experts on this page.

    Do insurance companies recruit their personnel through IBPS examinations? If not, then how their recruit their personnel? What is the eligibility criteria for insurance sector jobs? Are insurance sector jobs, better than banking sector jobs? How private sector insurance companies recruit? Experts: please advice.
  • Answers

    4 Answers found.
  • Government insurance companies conduct competitive examinations for job vacancies. The details get published in news papers and some job portals online. The qualified candidates from examinations get training, then probation period and then they get hired as permanent employee.
    For private companies, the selection criteria varies depending upon the job profile. They recruit MBA people for increasing the sale. On another side, they also need accounting people for back office work.
    These vacancies also get published for references.


    Living & Learning- simultaneous processes!

  • IBPS examinations are for banking sector only. Insurance sector is regulated by IRDA i.e. Insurance Regulatory Authority of India. IRDA conducts separate exams for becoming insurance agent and it also conducts exams for recruiting other personnel like surveyor and loss assessor.
    There are many institutes which are authorized by IRDA for providing training, conducting exams for becoming an insurance agent. You can enroll yourself in any of those institutes.
    An insurance agent may be a life insurance agent and a general insurance agent. You can obtain a licence for both life insurance and general insurance or any one of them, that's your choice.
    Health insurance is a new emerging field in the insurance sector. You can also become health insurance agent and sell mediclaim policies for your company.
    For becoming a life insurance agent you will have to pass IRDA IC 33 pre recruitment qualification exam. For becoming a General Insucrance agent you will have to pass IRDA IC 34 exam conducted by IRDA.
    Both the above exams are pre recruitment exams and they are conducted by Insurance Institute of India on behalf of IRDA.
    For becoming an insurance agent the qualification is 12th standard, if you reside at a place where the population is 5000 or more and for any other place it is 10th standard.
    You will have to undergo a training of 50 hours and if you want to get licence for both Life and General insurance the training period will be 75 hours. This training will be provided at IRDA approved training centers.
    There is no such criteria to compare banking and Insurance sector. Both fields are good. You can choose any of them. But in my personal opinion Insurance field is easier to enter upon than banking. Banking exams are getting tougher day by day, so if you feel that you can face that competition then both fields are nearly same, you can choose between them as per your choice. You can also prepare for banking exams side wise when you go for insurance sector or vice versa.

  • No, LIC and GIC conduct separate examinations for various posts in these organisations. These examinations are held fairly regularly (depending upon vacancies) and are well-structured. Private insurance companies have different methods for selection generally through advertisements. There is no relationship between recruitment in public banks and recruitment in Govt. insurance companies.

    Come on, have a fight. Don't shoot and scoot.

  • Institute of banking personnel selection(IBPS) selects candidates only for banking industry I.e., Clerks, Probationary officers,specialist officer posts.
    And government Insurance companies conducts recruitment examinations of their own.
    And private insurance companies recruit the candidates through consultancies or recruit by their own.
    And the minimum educational qualification required to apply for Assistant,AAO and ADO posts is GRADUATION in any discipline from UGC recognised institution or university.
    Age limit to apply for Assistant post is 21-28 years and for Administrative officer post is 21-30 years and the age relaxations are as per government regulations.
    The selection procedure is preliminary exam,main examination and personal interview

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