 Introduction
There are three basic elements viz. knowledge, skills and attitudes which defines the quality of human capital of any organization. Training is the tool through which the three elements are acquired and upgraded.
A well-developed and evolved insurance sector is needed for economic development as it provides long-term funds for infrastructure development and at the same time strengthens the risk taking ability. It is estimated that over the next ten years India would require investments of the order of one trillion US dollar. The Insurance sector can enable investments in infrastructure development to sustain economic growth of the country.
India’s insurance sector is experiencing steady growth. Insurance happens to be a mega opportunity in India. It's a business growing at the rate of 15-20 per cent annually and presently is of the order of Rs 450 billion. Together with banking services, it adds about 7 per cent to the country's GDP. Hence the need for someone who along with his/her technical skills and domain knowledge can deliver insurance professionals to the modern Insurance sector.
And that is where IDBI Intech’s, CIS Program pitches in.
India occupies third position globally in terms of employment with 42% of employers having robust hiring plans for FY2008. The insurance sector employers are likely to indulge into aggressive recruitments (42 per cent). With around 15 million new policies being sold every year, the insurance sector is picking up fast in India. Due to its robust growth there is a need of skilled professionals in the sector.
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