Insurance Introduction Definition Benefits Career Scope in Pakistan Courses complete information programs and experience scheme get guideline here at form. Insurance Definition, Courses, Career, Scope, Jobs, Benefits, Tips & Required Skills. Career & Scope of Insurance Courses- Definition, Introduction, Benefits, Golden Tips & Required Skills Complete information. Insurance is a type of agreement through which insurance company ensures to give compensation in case of any kind of loss like damage, disease, death or accident in return for payment of a fixed premium. In short its an agreement for the protection against all kinds of accidents in return of payment of a specified premium.

Insurance, as a device is the outcome of the existence of various risks in our day to day life. It does not eliminate risks but it reduces the financial loss caused by risks. Insurance spreads the whole loss over the large number of persons who are exposed by a particular risk. Level of risk has increased a lot in all field of life. Insurance has become a necessity or necessary evil not only for individuals but also for corporate companies. Insurance is a branch of risk management as it reduces the element of risk in business and daily life. Majority of people are still not aware of the benefits of insurance, There is a great scope for talented and trained human resource in this field. Sky is the limit for you in this field.

Insurance Introduction Definition Benefits Career Scope in Pakistan

All unemployed persons should try their luck in this field until they get job in their preferred field. It will keep you in touch with the job market too. You may also learn many lessons about practical life and marketing field. Its a recommended field for working women too as they can convince the customers more easily. We recommend you to get professional qualification in this field too for brighter career. You may get job in insurance companies, banks, risk management department of financial companies and in the office of insurance ombudsman.

Insurance is defined as a contract, which is called a policy, in which an individual or organisation receives financial protection and reimbursement of damages from the insurer or the insurance company. At a very basic level, it is some form of protection from any possible financial losses.

Required Skills & Tips

For success in the field of insurance you must have following three qualities

• Strong verbal communication skills to convince the people of all fields of life.
• You must be extrovert by nature as its a field profession where you will have to communicate with the people of different natures.
• You must have strong will power to remain your self composed during the initial stage of your career.
• You must have different sets of arguments for different kinds of people for convincing them to buy a policy.
• You must have complete knowledge about all products of your company.
• You must be able to compare your products with the products of your rival companies in the field to satisfy the customers.
• You must be able to recognize the nature and weak points of your customer to decide that through which kind of arguments you can convince him.
• You must be able to use internet and social media sites to get business.
• You will also have to study the human psychology, advertising and marketing techniques.
• You will have to move systematically in your career by making the list of your priorities.
• You must have good public relations.
• Self confidence and hard work are the keys to success in this field.

Insurance Courses & Degrees

MBA Insurance and Risk Management is the most recommended degree for you. Takaful, agents foundation course, PGD and surveying are the other recommended professional qualifications. Pakistan Institute offers all these courses in very reasonable fee.