Build your professional network on facebook via our app Go to app
 
<< Prev  7 of 15 in Topic  Next >>
Topic : Future prospects of Online sales
  Rate : 
Associated with other topics :
 
Created by : Ajay Rai, Actuary Manager, Max New York Life  | 01 23 2009 05:22:24 +0000
Industry : InsuranceFunctional Area : India(Markets)
Keywords : sales isurance
Activity:  2670 views;  last activity : 07 06 2010 20:18:09 +0000

Is sales of Insurance a good option to start your carrier with?

 
 Refer 22
Share
 
 
  Rate : 
 
 
Yes Vs No
34
 
 
 
 
11
21
8
Support   Support
Top Argument
4
0

Its no doubt good option but its only for smart hard workers at initial stages, a person who wants comforts of corp. sector then its clearly no at front line sales. but smart hard workers always get success in insurance sector, so it is great sector to start with


By Dushyant Hada, Territory Manager  04 04 2009 05:37:08 +0000
 
Top Argument
4
0

Till few year ago there was nothing much in the Insurance sector as there was only one product to sell ..."life insurance"...but with the sector opening up with private players...many innovative and new products like ULIP,Mutual funds etc were launched.But all these products are market driven.Due Global reccession (which will stay beyond April 2010 as per study) everything related to these sectors has been effected.People had started buying these products as investments rather as merely life insurance (whose importance can never be down).So seeing the present scenrio where everything is down...I think it is not good to start your carrier in insurance Sales.


By MANOJ VARSHNEY, Director, TULSI TRAVELS PVT LTD  03 01 2009 07:09:11 +0000
0
0

their is no product which one can see or feel,yes a very tough one and if one lerans about it very good,the only precaution is donot do any false sales which most of times the superior knows it but forces the new comer to do and then his frustration or he learns tricks to do


By Sabuj Chowdhury, Zonal Manager, SBL Pvtb Ltd  | 03 02 2010 04:46:57 +0000
0
0

If you take life seriously and is able to understand the basics of insurance sales and ready to accept  "NO's - you will have a great career and money insurance Sales. You will live like a king.


By Winsome Thomas, Agency Manager, MetLife Insurance Co  | 03 01 2010 17:59:46 +0000
0
0
yes
By mittal vartak, Freelancer, Freelancer  | 02 06 2010 11:26:09 +0000
1
0

Well, its great to carve a career in insurance as it is going to be the most rewarding sector in the coming years. It has n no. of opportunities after opening up of the sector in the year 2000. The new entrants have to be little patient and put your heart, soul and mind to procure business from the market.


By ANAND RAI, Marketing Manager, HRD FOUNDATION- India  | 07 20 2009 06:32:50 +0000
0
0

I AM COMPLETELY BELIEVE THAT ONE CAN MAKE GREAT FUTURE IN INSURANCE SALE BEACUSE IN INDIA INSURANCE SECTOR IS IN ITS INITIAL STAGE WHERE ONE CAN FIND LOTS OF OPPORTUNITIES TO MAKE HIS/ HER CAREER IN INSURANCE STILL IN INDIA ONLY 8% PEOPLE ARE FULLY INSURED. WE CAN SEE HERE HOW MUCH OPPORTUNITIES WE HAVE IN FRONT OF US.
THATS TOTALLY TRUE WE NEED TO BE SMART WORKER NOT HARD WORKER IF WE WANT TO MAKE OUR CAREER IN INSURANCE SECTOR.BUT ALONG WITH THAT WE ALSO REQUIRE TO MAKE OUR CUSTOMER HAPPY . AND CREATE GOOD RELATIONSHIP WITH THE CUSTOMERS. IN INDIA INSURANCE HAVE GREAT POTENTIAL TO GROW SO THERE IS NO HARM TO OUR CAREER IN INSURANCE . WHEN A PERSON START HIS CAREER IN INSURANCE THEN MAY HE/SHE FIND INSURANCE LITTLE DIFFICULT BUT AFTER GAINING SOME EXPERIENCE . SO DONT LOOSE YOUR HEART KEEP SALES
HAPPY SALES
VISHAB


By vishab veer singh rana, Sales Manager.Met life India  | 06 06 2009 15:18:55 +0000
0
2
sales in insurance is short term.
By Mohammad Masoom syed, Marketing ,Sales and Investment Professionals  | 05 09 2009 14:03:44 +0000
2
0

yes i do agree with the thought that insurance is great place to start your career with in corporate world.yes there is some initial hurdle comes in the way of insurance career,but if we try hard and remain focused about our target,then nothing is impossible to achieve.i started my career with insurance. and truely telling you guys.in initial stage it eas really hard to sell insurance.but now i am enjoyng every bit in this sector.Now days i am working with new online insurence service provider company,where i am handling online life insurance sales.and i find it quite interesting.so i would like to say that insurance is a very good option to start our career with it.but should not forget that we can only get success in any sector,when we put our 100% afforts in it.And work with commitment and dedication toward our work.try to provide best possible solution to the customers problem.


By vishab veer singh rana, Sales Manager.Met life India  | 05 06 2009 19:32:24 +0000
1
0

Yes insurance sales in India do have a future. All those are are against the concept of sale of insurance are the one who are them self from the same industry. Its not that the industry have failed they are reflecting there own frustation. Insurance sale was never easy at the first place. But its the most rewarding and has the max job opening and growth. But it need a lot of hard work and determination. Dr. never recomend to go for the insurance sales job its by choice then why grudge about it. ENJOY SALES.


By Tapan Chatterji, Sales/BD Manager, AUM CAPITAL  | 04 30 2009 04:47:19 +0000
3
0

I Agree, the start of a career in Insurance would be the right one because at this point of time even though it appears to be difficult but would pay you later. The present crisis is not the last and final of its kind , as many of the prominent economists experienced such crises in the last entury and predicts that the meltdown is a part of the "Cycle".Hence the future opportunities in this segment  would be plenty which freshers or non-insurance experiened personnel might not fit into the slots.  


By SABU V S, Branch Manager/Regional Manager, Bajaj Allianz Life Insurance Co Ltd  | 04 16 2009 08:51:24 +0000
2
1

Yes,

Because it is the sector where you do not have to sell by saying the quality of product but you have to sell by giving fear of death(which people generally do not like). Facts and figure says a lot of potential is present in this area.


By John Rajesh, Actuary Manager, Tata Aig Insurance Solutions  | 03 24 2009 05:30:25 +0000
3
0

Agree with you nishaanth,there are a number of options to choose from for a career in Insurance. An insurance company will have openings in the marketing, distribution, actuarial, underwriting, operations and investing departments. Though some jobs like investing, marketing and distribution are the same in any other industry, actuarial and underwriting jobs are exclusive to the insurance industry.


By Jithesh Ramesh, Actuary Manager, Tata Aig Insurance Solutions  | 03 24 2009 05:20:52 +0000
4
0

In todays world of uncertanity where one dosent know what will happen next moment, risk of individuals has increased and selling this uncertanity has huge potential, every individual who is breating is a prospective customer. so potential is immence its only depends on one how he is reaching them. and thiers no potential profession like insurance where one can earn huge money as well as respect in peopeles mind. by accepting this profession one will not only entering a nobel service but also one can open a doors to his fortune.


By yogesh deshpande, Management consultant for Sales, leadership, Wealth mangerment and self help,  | 02 28 2009 13:11:27 +0000
4
0

career in insurance is a gift which many rarely get.to begin with is a good option.lots of money and growth down the line.


By nishaanth krushnen, Sales/BD Manager, BIRLA SUNLIFE  | 02 23 2009 11:15:51 +0000
4
0

Yes, I believe that INSURANCE is the only product which deals with uncertainity. and I believe that UNCERTAINITY is the buzz word now.


By Kaushal , Sales/BD Manager, Kotak Life Insurance  | 02 15 2009 08:19:06 +0000
4
0

i am from the general insurance field and in GI interacting with customers and brokers not only increases your knowledge base but also boosts your confidence.The kind of exposure that one gets in sales is amazing.


By Saurabh , Branch Manager/Regional Manager, Iffco Tokio  | 02 13 2009 14:27:10 +0000
3
0

well..my vote goes to yes.sales is a good option to start your career. It might be tougher to sale insurance but once you used to it..it becomes easy..it gives you growth ,money that no career would be able to deliver in such a short span of time!!!.


By ish kumar banga, Sales/BD Manager, sbi life insurance  | 02 10 2009 16:42:35 +0000
4
0

The kind of exposure / knowledg/ Contact given by selling profession is fantastic. I have seen people growing like anything in sales profession.Earning side it is very good . Especialy in this decade , the scope of sales professiona has gown like ever since.


By sajith marakar, Branch Manager/Regional Manager, SALAMA Insurance Co.(PSC)  | 02 01 2009 08:57:41 +0000
4
0

From my point of view it is a good school for anyone that is interested to develop strong sales and customer relationship skills! I have had a wonderful experience while working for a large multinational life insurance company!

 


By VLADIMIR GUTENMAHER, Business Developer, METROPOLITAN LIFE  | 01 26 2009 11:53:42 +0000
2
1

I think from above statement he meant to say that selling Insurance is bit difficult because when you sell it the buyer get only a leaf of paper in his hand and not any product. And after seeing the collapse of giants like AIG people are skeptical to put their money into it.


By Avanish Ratna, Actuary Manager, LIC  | 01 23 2009 05:28:08 +0000
3
0

I think to start with it is a very good option. It can be difficult to sell but once this is clicked any kind of selling job would be more easy.


By Ajay Rai, Actuary Manager, Max New York Life  | 01 23 2009 05:22:24 +0000
0
0

It hinges upon how you want to take it-from the point of company or the salesperson.See,insurance is still in its evolution phase with growth of approximately 14% percent per year and only 4% of the insurance sector is organised.All this makes indian insurance sector an enfant one being managed very badly and worst the salesperson though get commission but their work life is so hectic and viciously bad.Refroming of the sector will make it a lucrative one unless it will remain a fish market


By DEEPAK SHARMA, International IT and ITes sales,Business Acquisition, Account Management, Relationship Management, Safaltek Software Pvt. Ltd.  | 04 18 2010 12:30:53 +0000
2
1

I feel  we  over sold  ULIPS and our  dependennce  on ULIPs  has  become  Indispensabale ,we have  devloped  hardly  any  Advisor  who  can  promote  Genuine  benifits  of Endowment , Term,and Money back These Give  decent  return  of  around  7%  plus Life cover  with Charges  too low  for  policcy holder , just  because  we  can  Project  with Chart, quoting  eccentric  stock market returns For  Some period  and  The  ULIP  returns   gets     Doubled  every  2/3 years  and after  AIG bubble  we  dont have  face to  Face  Investor s  whose  NAV  nosdive  adding  to  exposing  Greedy  charges  levied  by our  companys... Now is the  time  cultivate  our  advisor for  Tradidtional plans  have  Long life  in life insurance buisiness...  (of  course  easier Said  than done)


By Suresh manikandan, Partner/Principal/VP, QbexHR Consultants  | 04 18 2009 04:18:57 +0000
2
2

i don't think it was wise.merely high salary alone ot needed.if we do a job we need to learn something.but in insurance industry nothing to learn.


By anbalagan , Territory Sales officer, Hindustan Unilever Limited  | 03 11 2009 05:26:22 +0000
1
2

i strongly oppose oz i have worked in that industry.most probably industry hire the people to get business from their relatives and friends.i don't think it will last for long standing.further i found more MBA students are hired on campus recruitment.for those people i can tell onething whereever u go for work,u need to learn something like slaes tricks,marketing plans.even 10 th failed person can take business from friends or relatives.why such MBA professionals are needed.they are professionals.don't waste their future.money is not the only thing.learning from the industry is important forthe future carrier.


By anbalagan , Territory Sales officer, Hindustan Unilever Limited  | 03 11 2009 05:05:39 +0000
1
1

in this market scenario there is a lot of risk involve in ulips are there is risk of capital erosion.it would be safe to llook for traditional plans.


By nishaanth krushnen, Sales/BD Manager, BIRLA SUNLIFE  | 02 23 2009 11:12:56 +0000
2
1

Its not a Good option at all to start a career in sales with insurance products or any financial products during this downturn. I do agree with Mr.kumar that selling insurance products is tougher job especially the ULIP one  due to the market situation and if one starts with these product and ends up selling none at the end of day. He/she (most of them) may lose interest completely in sales...


By Abhinav Nigam, Actuary Manager, Reliance Life Insurance  | 02 12 2009 13:13:20 +0000
0
2

I do not find it as a great idea to start your carrier with. Sales of any kind would be appropriate for starting the carrier. Its not confined to Insurance only.


By Rajani Kanth, Actuary Manager, Royal Sundaram  | 01 23 2009 05:26:01 +0000
Leading Recruitment Firm
Arrkay is a recruitment consulting firm providing one stop solution for all kinds of permanent and temporary staffing requirements. The industries in focus are IT, Aerospace, Engineering, Semiconductors, Manufacturing and KPO. We are part of an aggressively growing business group Arrkay......
Viewers also viewed
Dear friends, During the present market conditions, according to you, how an insurance agent can...
 
80 referals 9 votes, 6482 views
Hi friends !!!                               We know, every company today requires a software to...
 
852 referals 32 arguments, 1518 views
It’s true that practice makes the man perfect. It was my stint with the leading life insurance...
 
0 referals 30 comments, 10635 views
more...  
 
More From Author
Insurance can be considered as investment if a person is investing in products like ULIP. All insurance policies dont serve as investment. ULIPs are market-linked investment plans with a life cover thrown in, but the cover is generally lower than in a...
Hi Jitesh, I have seen less importance towards training in this field. It is very important to ensure high levels of training and development not just for staff but also for agents and distribution organizations. Insurance companies have to train...
I do not think this is actually going to create any differences. When the company is exapnding the first thing it is going to do is bring its own employees to the newer place.
more...