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In the next decade, India will join the league of developed nations running on insurance. Despite its large population, Indiau2019s current insurance rate is 3.2. This figure is far below the global average of 6.2, meaning that India has yet to catch up. The Indian insurance market will grow and if you want to be part of this growth, pursue a career in insurance sales and service management.
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Why Become An Insurance Sales & Service Manager In 2022? Introduction In the next decade, India will join the league of developed nations running on insurance. Despite its large population, India’s current insurance rate is 3.2. This figure is far below the global average of 6.2, meaning that India has yet to catch up. The Indian insurance market will grow and if you want to be part of this growth, pursue a career in insurance sales and service management. What Is An Insurance Sales & Service Manager? As an insurance sales manager, you will be responsible for determining sales targets, leading the sales team and designing marketing campaigns to increase sales. The role is holistic, with opportunities for professional growth and contributing to society. You will be able to give back to the community by providing the means to recovery to clients and helping them get back to a better lifestyle. The role also requires you to gain customer loyalty and retain clients. Insurance certificate courses, such as the PNB MetLife course, prepare you to become a successful insurance sales manager by acquiring the requisite technical skills and industry exposure. 5 Reasons To Become An Insurance Sales & Service Manager 1) Stable industry As mentioned above, the insurance industry is yet to reach its peak in India and is, therefore, growing in a stable manner. The career promises a regular income and ample growth. An Insurance sales management career has a high return on investment (ROI).
Once you sell a policy, it can extend up to 30 years. This means that once you get a good grip on your role and the skills required to do it successfully, you can reap long-term financial benefits. You are entitled to get earnings each time the insurance policy is renewed. There is a scope of additional income over and above your basic pay. Insurance certificate courses, such as the PNB Metlife course, outline every way you can establish yourself in the insurance industry. 2) Opportunity to grow You can start as early as 18 in the insurance industry. The opportunities for growth are endless. All your hard work and consistency will be tested in the first few years. With the PNB Metlife course, your initial years will be more productive. After you have established yourself in your role as an insurance sales manager, doors to additional income will open to you. In these few years, you would also have built a strong network of clients who trust you. Insurance policies are dependent upon referrals. If your current clients are satisfied, then you can expect more clients through them. This way, you will keep growing in your career. 3) Job security The insurance market is comparatively stable during financial volatilities. It has been stable for many years with only necessary structural changes. You can count on the fact that it will remain in demand because as long as consumer goods like houses, cars, businesses and medical care are being used, there will be damage and loss. In these times, insurance is a person’s best ally. As the demand is high, the supply is too. Hence, insurance companies offer high job security to their employees. 4) Flexible schedule
If you don’t believe in a 9 to 5 job, a career in insurance sales management is ideal for you. The role has a variety of work to take care of, including meeting new clients, developing marketing strategies and handling social media accounts. An insurance sales manager has to be dynamic and flexible. As a reward, you can take time off and maintain that work-life balance once your targets are achieved. Since you would be dealing directly with the clients, you can adjust meeting timings according to your plans and ace both your professional and personal life. 5) Service to the community Providing insurance to people protects them from risks and vulnerability. It is a noble profession indeed. Along with the insurance, you also provide them security and the guarantee that no matter how bad the storm is, it’ll all be okay. There is a strong bond of trust between insurance sales professionals and clients. When you empathize with the client’s damages, it gives them strength. What better way of rebuilding your community than safeguarding its needs? Before you can jump-start your career in insurance sales and service management, you need to learn these skills paramount to the role. You can also enrol in an insurance certificate course like the PNB Metlife course to catalyze your growth. Here is the skillset you will need as a manager: 1. Interpersonal skills. 2. Reliability. 3. Dynamism. 4. Product knowledge. 5. Persistence.
Conclusion It is important to understand the pros and cons of a career before opting for it. Insurance certificate courses like the PNB Metlife course can surely help you excel in your career. There are many advantages to being a sales manager, but only you can decide if it is the right fit for you. There is no straightjacket formula to succeed in this field but unlimited opportunity and potential. To know more: https://earlycareer.timespro.com/course/pnb-metlife-certificate- programme-in-insurance-sales-service-management/
