Veranda Race students has achieved a feat of more than 500+ results in the recently ended IBPS Exams in 2021 – 2022.
Insurance Job Recruitment
The insurance industry of India consists of 53 insurance companies of which 24 are in life insurance business and 29 are non-life insurers.
Among the life insurers, Life Insurance Corporation (LIC) is the sole public sector company. Apart from that, among the non-life insurers, there are six public sector insurers. In addition to these, there is sole national re-insurer, namely, General Insurance Corporation of India (GIC Re).
Other stakeholders in Indian Insurance market include agents (individual and corporate), brokers, surveyors and third-party administrators servicing health insurance claims.
Out of 29 non-life insurance companies, five private sector insurers are registered to underwrite policies exclusively in health, personal accident, and travel insurance segments.
They are Star Health and Allied Insurance Company Ltd, Apollo Munich Health Insurance Company Ltd, Max Bupa Health Insurance Company Ltd, Religare Health Insurance Company Ltd and Cigna TTK Health Insurance Company Ltd.
There are two more specialized insurers belonging to the Public-sector, namely, Export Credit Guarantee Corporation of India for Credit Insurance and Agriculture Insurance Company Ltd for crop insurance.
India’s life insurance sector is the biggest in the world with about 360 million policies which are expected to increase at a Compound Annual Growth Rate (CAGR) of 12-15 percent over the next five years. The insurance industry plans to hike penetration levels to five percent by 2020.
The Indian insurance market is a huge business opportunity waiting to be harnessed. India currently accounts for less than 1.5 percent of the world’s total insurance premiums and about 2 percent of the world’s life insurance premiums despite being the second most populous nation.
The country is the fifteenth largest insurance market in the world in terms of premium volume and has the potential to grow exponentially in the coming years.
TNPSC Group 4 Qualification, Age limit, Salary details, Promotions, Selection Procedure, Written Exam syllabus, and pattern, recent exam notification etc
Complete details for the registration of TNPSC Group 2 & 2A 2022 – Offline Mock Test Series in Veranda Race
Attend the IBPS PO & SO 2021 – 2022 Mock Interview Program by Veranda Race in Chennai, Madurai, Tirunelveli, Coimbatore,Salem,Trichy and Trivandrum.
Veranda Race Offline Classes will commence from 1st Feb, 2022 after the COVID restrictions are lifted in Tamil Nadu. Students in Tamil Nadu branches of Veranda Race can start attending the offline classes from 1st Feb, 2022 in the respective Veranda Race Branches.