Insurance Careers – India Analysis

The Indian insurance industry is a flourishing industry, with several national and international players competing and growing at rapid rates. Thanks to reforms and the easing of policy regulations, the Indian insurance sector been allowed to flourish, and as Indians become more familiar with different insurance products, this growth can only increase, with the period from 2010 – 2015 projected to be the ‘Golden Age’ for the Indian insurance industry.

The following analysis represents a picture of the availability of career openings  for 5 Indian Insurance Companies that include ICICI Prudential, Bajaj Allianz General Insurance, Bajaj Allianz Life Insurance, SBI Life and ING Vysya Life Insurance.

Graph 1: Number of vacancies per Insurance Company

Analysis: Based on the data collected for job openings in Insurance companies of India, ICICI Prudential emerged as the top hiring Insurance company having 42 openings.

Next in line were Bajaj Allianz Life Insurance and ING Vysya Life Insurance with 41 and 29 open positions respectively. There were 26 open positions in Bajaj Allianz General Insurance while SBI had 16 job openings.

Graph 2: Number of open positions per Role

Analysis: Based on the data collected for job openings in Insurance companies of India, there were 40 openings for the post of Sales Manager in different Insurance companies.

The openings for Agency Manager and Sales Executive were 30 and 31 respectively while the openings for the post of Branch Manager were relatively less at 12. Different Insurance companies also had 41 other open positions.

Graph 3: Insurance Industry Roles and Number of vacancies

Analysis: Based on the data collected for job openings in Indian Insurance companies, there were 5 and 7 open positions respectively for the position of Branch Manager in Bajaj Allianz Life Insurance & ING Vysya Life.

For the post of Sales Executive, there were 7, 12,6 and 6 positions in ICICI Pru, Bajaj Allianz General, Bajaj Allianz Life Insurance and ING Vysya Life Insurance resp. There were 24 open positions for Agency Manager in ICICI Pru while Bajaj Allianz General Insurance, SBI Life and ING Vysya had 2,1, and 3 openings for the same post resp.

There were 15 and 11 openings for Sales Manager in Bajaj Allianz – Life Insurance and ICICI Pru respectively while there were 13 and 1 opening for the same post in ING Vysya and Bajaj Allianz – General Insurance resp. There were 26 and 15 other open positions Bajaj Allianz General Insurance and SBI Life respectively.

[Please Note this data has been collected from limited sources & is the most current data representing the first 2 weeks of July 2012]