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Officers in insurance companies are mainly administrators. At the base level they have to supervise the functions of the assistant development officers, maintain the validity of issued policies by ensuring a regular inflow of premium payments, coordinate the services of surveyors, and settle the dues of claimants.
The four major institutes offering insurance courses are the Insurance Institute of India, Mumbai; National Insurance Academy, Pune; Actuarial Society of India, Mumbai; Institute of Insurance Surveyors and Adjuster, Mumbai. Realising the need for insurance education several other institutes are now offering insurance courses such as: International Institute for Insurance and Finance, Hyderabad; Narsee Monjee Institute of Management Studies, Mumbai; ICFAI, Hyderabad; Amity School of Insurance and Actuarial Science, New Delhi; Institute of Insurance and Risk Management, Hyderabad; Bharatiya Vidya Bhavan Kendra; Symbiosis Centre for Distance Learning, Pune; International School of Actuarial Sciences, Hyderabad
With private sector insurance companies having entered the Indian marketplace in droves, they are recruiting personnel aggressively from training institutes and from the Life Insurance Corporation (LIC) and General Insurance Corporation (GIC), the two public sector behemoths which have dominated the insurance business in this country for half a century.