Career in Insurance
- Part 2 -

Ranjan K Baruah *

We thank our readers for their feedback and question related to insurance. After talking to different individuals we could feel that many people are not aware of some institutions which are related to insurance. In this edition we are publishing about some institutes which are related to insurance sector.

Insurance Institute of India: The Insurance Institute of India formerly known as Federation of Insurance Institutes (J.C. Setalvad Memorial) was established in the year 1955, for the purpose of promoting Insurance Education & Training in the country. Institute qualifications are held in esteem both by the regulator and the industry.

In its role as an leading education and training provider I.I.I. is closely associated with all the segments of the insurance industry which includes Insurance regulatory authority of India, public and private sector insurance companies.

National Insurance Academy: National Insurance Academy (NIA) is a premier institution devoted to equip the insurance industry with the best of talents. Its close association with the Insurance industry provides the ‘real life’ reference to its training, education, research and consultancy activities.

NIA was established in 1980 jointly by the Ministry of Finance – Government of India, Life Insurance Corporation of India, General Insurance Corporation of India, The New India Assurance Company, National Insurance Company, United India Insurance Company and The Oriental Insurance Company on 16th December, 1980 in Mumbai to be the institute of excellence in learning and research in Insurance, Pension and allied areas. The Academy was shifted to Pune on 4th June, 1990 with the state-of-the-art facilities for learning and research.

IRDA: Following the recommendations of the Malhotra Committee report, in 1999, the Insurance Regulatory and Development Authority (IRDA) was constituted as an autonomous body to regulate and develop the insurance industry. The IRDA was incorporated as a statutory body in April, 2000.

The key objectives of the IRDA include promotion of competition so as to enhance customer satisfaction through increased consumer choice and lower premiums, while ensuring the financial security of the insurance market.

There are ample opportunities in the field of insurance and hence young people from our region may try to get involved in the sector for a vibrant career. One must plan well and choose the profession as initially its challenging. The best part is people with less academic qualification may excel in insurance sector as agents or consultants and earn good amount of money.

Updates:

Dr. PG Tulpule Scholarship Fund:

The Dr P G Tulpule Scholarship Fund seeks to encourage students to choose, pursue and advance career and work in public health, with specific focus on public health nutrition and allied areas. The full/part scholarship fund will be available to students enrolling for PGDPHM courses at PHFI.

The PGDPHM course is currently being offered by Indian Institutes of Public Health (IIPHs) under the aegis of PHFI at Delhi, National Capital Region (Gurgaon), Gandhinagar (Gujarat), Hyderabad (Andhra Pradesh), Bhubaneswar (Orissa). Last date of receiving application for the PGDPHM and Dr P G Tulpule Scholarship is 31st May 2015.

WIT Indian Scholarships: Waterford Institute of Technology (WIT) is offering WIT Indian Wicket Scholarship for Indian students for pursuing any of the undergraduate and postgraduate level courses at Waterford Institute of Technology in Ireland. The aim of the scholarship is to encourage high caliber applicants to study at the Institute. Last date of applying is 31st May.

Raman – Charpak Fellowship: The fellowship program is in honour of two Nobel Laureates in Physics, Prof C.V. Raman, 1930 Indian Nobel Laureate, and Prof Georges Charpak, 1992 French Nobel Laureate.

The Fellowship Program is implemented by the Indo French Centre for Promotion of Advanced Research (CEFIPRA) with joint funding from the Department of Science and Technology (DST), Government of India and the Science & Technology Department of the French Embassy in India, Ministry of Foreign Affairs, Government of France. Last date for submission of application is 31st May.

University of Queensland Australia Women MBA Scholarships: Women MBA Scholarship was established by the Business School, The University Queensland (UQ) – Australia. The purpose of the scholarship is to encourage the outstanding woman students for pursuing their MBA Program administered by the Business School. Application closes on 31st May.