It’s a myth when you hear that “Life Insurance is a thankless, unrewarding, unwanted, unfulfilling and most importantly, unexciting job!” Because All Of These are NOT TRUE!
1. Career Opportunities in the Life Insurance Industry
Many think that a job in life insurance means just being a salesman or an agent. Yet, like any other financial institution, life insurance companies offer a whole spectrum of job opportunities.
A career in life insurance is not only challenging, it also carries the satisfaction of helping others secure their financial standing. You help people realize and fulfill their financial goals whilst you fulfill yours along the way.
How is that so? Read on…
2. Excellent prospects
Statistics have shown that the life insurance industry in Malaysia has grown over the years. Growth in the industry is expected to continue. Therefore you should look at it as a long-term career rather than just seeking a job. A career in life insurance provides the satisfaction of helping people to meet their financial needs. Growing with an organisation, learning and acquiring technical skills as well as grooming oneself professionally should be the main agenda rather than aiming for mere financial rewards. You must be aware that you too, have a responsibility to help build great organisations, and to build the workforce of the future.
3. Job security and satisfaction
With the Government’s emphasis on establishing Malaysia as a major insurance centre, there is high demand for skilled personnel in life insurance industry. This is spelt out in the Government’s Transformation Program announced last year. As part of a ten year government initiative, it certainly will assure you of a long term job security. Life insurance companies are always keen to select candidates who have completed or undergone a more holistic education. Besides getting their degrees, graduates who possess a positive attitude, integrate well, independent, multilingual, flexible and believe in personal development, will succeed better in their corporate life. These personal traits will also help them to adapt and perform well in teams.
So if you have the above personal qualities within you, you’re on the high road to a promising career in insurance.
4. Attractive salaries and employees benefits
Financial institutions are among the best paying employers. Remuneration for both junior and senior staff within the life insurance industry are competitive. Employees will normally enjoy the benefits which include medical, dental and life insurance; housing and renovation loans; sports and recreational facilities. 5. Career prospects and training Life insurance companies do recognise the importance of promoting and advancing staff from within, and hence provide comprehensive training and development programmes. New entrants to the life insurance industry will normally be given opportunities to attend a wide range of courses to improve their skills or obtain professional qualifications through the examinations (link to the Certifications and Professional Programmes ….MII) conducted either by the Malaysian Insurance Institute (MII) or other recognized institutions. Training added with a wide range of positions available, will ensure that you acquire and sustain the flexibility in deciding your future career moves. To begin your career in life insurance, you need to have some related qualifications of the industry.
Listed below are Certification and Professional Programmes offered by the Malaysian Insurance Institute (MII) for your consideration.
Types of Positions
There are a number of options to choose from for a career in life insurance. As financial institutions, life insurance companies will have openings in the marketing, distribution, actuarial, underwriting, operations, claims, customer service, investing, human resource departments and many more.