With the Government opening up the insurance sector to private participation, manifold increase in demand for insurance professionals is anticipated. The surge in the number of private institutes is a direct response to this market demand. In the coming years, yes. There will be a huge network of full-time agents and employees, close to may be 5,000 direct employees in the industry. Besides, a large number of employment is also going to be further generated by broker companies and other intermediaries.
Companies employ agents who normally work on commission basis.
Future insurers will pursue an e-commerce strategy that anticipates the convergence of technology issues with business, cultural and staffing issues to succeed online. The Government, in fact, is constituting a committee on e-commerce for the insurance sector. We are planning to launch a distance learning programme both online and through post. An exhaustive portal has been hosted for free access to information related to all aspects of insurance. We also have plans to conduct seminars on insurance for public awareness.