What is the best place to intern if you are looking for a career in insurance law. Is it good to start under an in house counsel in any Insurance Company (Say United India) or should one go for any law firm practicing the discipline? Any suggestions outside the box are welcomed too.
Well, I partly agree with you. But I am actually having one such internship in my hand. I was trying to read the subject a bit and found it pretty easy and doable. I don't think dropping the opportunity would do any good to me, but I was having second thoughts about it, whether is such a practice area is feasible and so and so... Wanting to know more from people who have a first hand experience in the field. Moreover, this area also seems quite interesting to me as I am opposed to this Privatization of the sector and well being of the agents and the policy holders. TBH I'm assessing whether this infatuation is good enough to be carried forward.
People end up interning at ICiCi Lombard or Bajaj Allianz and other from the same ilk when it comes to insurance laws, HDFC too to my knowledge takes interns. Go check their websites and fill in the forms. Goodluck. (Also a side note- as you said the area is interesting to work but the salaries are meagre compared to other law fields and the lateral shift will also be generally difficult due to a largely specialised work which does not seem to be of significance say when moving to a law firm of in house.
I've worked as a Claims Lawyer in Bajaj Gen Insurance. Don't go there unless you want a cosy low paying sarkari job with the pressure of meeting targets to settle, win and compromise third party motor accident claims. Most Insurance law jobs in insurance companies is claims litigation management. You'll be fighting angry customers filing ombudsman cases for rejection of claims or fighting victims of road accidents and putting a value on the loss of their loved ones. The amount of ambulance chasers you'll meet and fight isn't even funny.
Try at places like Tuli and Co. If you still want to work in insurance cos, try their corporate legal department and never their claims legal department.
This is my 2 cents. Please form your own opinion after getting multiple views, I may have certain biases in my opinion.
Try at places like Tuli and Co. If you still want to work in insurance cos, try their corporate legal department and never their claims legal department.
This is my 2 cents. Please form your own opinion after getting multiple views, I may have certain biases in my opinion.
Others that do insurance work include
SAM, CAM, KCO, Burzin Somandy, Solaris, CLS/Clyde, KLA, Clasis Law, Trilegal, Consortia Legal, Phoenix and JSA