Insurance, banking services offer attractive opportunities

By | September 18, 2011

According to a recent press report the India’s market capitalization record is rising in the international level. Reports said that the market capitalization is positively affected by the Indian equities in the global market and in the financial sector the opportunities are expanding.

Reports said that the capitalization was growing $ 46.5 trillion increasing amount as compared with the previous is $ 1.55 trillion. It also said that the opportunities for increasing the Indian capital market were in different ways such as broking firms, investment services, financial consulting, national and private banks, mutual funds, car and home loans, equity market, and other banking services, for sales, marketing, operations and equity research roles.

A report also said that the insurance and banking services are offering attractive opportunities for their investors and that the insurance industries are expecting a growth of $ 350 to $ 450 billion by 2020. The growth is expected to take the Indian market top three life insurance markets and top 15 non-life insurance markets by the year.

It also said that the total premium of the general insurance has witnessed 22 per cent growth to $9.58 billion, and the premium of 23 life insurance companies have gone up by 15 per cent to $28.3 billion in 2010-11.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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