It is still a growing field unlike many other sectors which may have reached a saturation point
Despite the deepening economic crisis, there is no impact on the job opportunities in the insurance sector with the young generation having glowing chances to seek their luck in this field of enormous potential in the country.
Experts say that since it has started only a few years ago in the country, insurance is still a growing field unlike many other sectors which may have reached a saturation point. The young graduates need not have any apprehensions about venturing into the insurance sector, considering its strengths and effectiveness even in these days of recession.
A.V. Sivarama Prasad, manager, Birla Sun Life Insurance Company Ltd, says that dynamic careers await students who have an urge for giving their best in the insurance sector by lapping up various opportunities. He points out that only 18 per cent of the total potential is covered under insurance so far in the country, which tells volumes about the scope for growth in the coming years.
Mr. Sivarama Prasad also says that as a sector, the insurance field contributes only 3 per cent to the GDP as of now and this can be substantially increased by involving talented professionals and taking their work in various companies.
Mr. Sivarama Prasad was addressing an industry-academia interaction organised by the department of business administration of the PG Centre of the PB Siddhartha College here recently, where Syndicate Bank AGM M. Mohan Reddy, P. Syam Sunder, deputy manager, Bajaj Allianz General Insurance, and KCP Sugar and Industries Corporation Ltd DGM (administration) K. Krishna also spoke.
P.S. Raghavendra, director, Kusalava International, and M. Nageswara Rao, general manager (accounts), KI, advised the students to develop the right kind of attitude to do well in their future careers. They told students to look constantly at how they would be able to improve upon a product rather than always look for the betterment of their careers.
The speakers warned the students against having thoughts and preferences of working in home place or city, as this tendency often resulted in loss of very good opportunities. Young people should concentrate on finding good opportunities in the industry by upgrading skills.