Indians have been introduced to insurance, which reflects a penetration of just 6 percent. According to some estimates, it is expected that in three years, 10 percent of the population in India will be covered by some form of insurance, a significant increase from the current coverage level of 6 percent.Need for Trained Life Insurance Professionals:One of the biggest problems that the industry is contending with in India is the lack of adequate knowledge of the business by its agents and staff and the lack of high-quality training opportunities in this field.
This led to a perception that selling insurance did not require much education beyond certain sales abilities among one’s personal network. As times have changed, it has become imperative that the industry produces a large number of highly competent and well-trained professionals. Potential clients interested in investing in insurance have become more market savvy and demand a higher level of efficiency, competence and professionalism from industry professionals.
State-of-the-Art Continuum of Education:IAIFM’s training program provides an opportunity to integrate sales training techniques and methodology with technical educational content creating a lifelong continuum of professional development that serves professionals throughout their careers in the life insurance industry. IAIFM offers The American College’s adapted certification programs and numerous continuing education courses and seminars for individuals seeking career growth in life insurance and financial services.
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