Preview

Recruitment, Selection and Training of Life Insurance Advisors

Satisfactory Essays
Open Document
Open Document
13555 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Recruitment, Selection and Training of Life Insurance Advisors
SUMMER TRAINING REPORT ON
Recruitment, Selection and Training of Life Insurance Advisors
For
Future Generali India Insurance Company Ltd
By
Bhaskar Jyoty Goswami
C-14
In partial fulfillment for the award of the degree
Post Graduate Diploma in Business Management
July 2010-2012
NDIM
New Delhi Institution of Management
F-13, Okhla Industrial Area Phase-I New Delhi-110020
E-mail: info@ndimedu.com Website: www.ndimedu.com

SUMMER TRAINING REPORT ON
Recruitment, Selection and Training of Life Insurance Advisors

For
Future Generali India Insurance Company Ltd.
Under the supervision
Of
Mr. Siddhartha Sankar Dey

Submitted By- Submitted to-
Bhaskar Jyoty Goswami Dr. Madhu Jasola
Roll number: C-14

Certificate from the company

ACKNOWLEDGEMENT

At the onset I must bow down in reverence to the Almighty that blessed us with the understanding & prevalence that is needed in this kind of project report.
With great pleasure I express my heartiest thanks to my industry guide Mr. Siddhartha Sankar Dey, Branch Learning and Development Manager (BLM), Future Generali India Life Insurance Company Limited, without whose unrelated support and guidance, this project would just not have been possible. I am very thankful for his invaluable guidance, support, and affable & friendly nature. He has guided me at each and every stage of the project.
I would like to extend my sincere thanks, to my mentor Dr. Madhu Jasola, faculty of NEW DELHI INSTITUTION OF MANAGEMENT (NDIM), without whom this work could not have been carried out so smoothly. I wish to express my profound gratitude to my venerable Dr. Manab Adhikari, Director, NDIM for kind permission to undergo project work successfully.
I am equally indebted to my friends and the entire team of Future Generali India Life Insurance Company Limited for the constant support and help in the successful completion of my project.
At last I



Bibliography: 4) 1956 - 245 Indian and foreign insurers and provident societies taken over by the central government and nationalized. LIC formed by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs.5crore from the Government of India.

You May Also Find These Documents Helpful

  • Good Essays

    The satisfaction that accompanies the successful completion of any task would be incomplete without the mention of the people who made it possible, whose constant guidance and encouragement made my efforts a success. My profound thanks to my project guide Mr. Praveen kamat, Professor, M P Birla Institute of Management, Associate Bharatiya Vidya Bhavan for helping me throughout the project. I take this opportunity to thank him for his immense support, guidance, specifications and ideas without which the project would not have been a success. I would also like to thank my project guide Srivatsa Ghantae, at Datacraft Asia Ltd, for valuable information provided by him…

    • 14608 Words
    • 59 Pages
    Good Essays
  • Good Essays

    A life insurance agent in addition to the life insurance policies, can sell general insurance (non-life) policies viz. casualty insurance, health insurance, disability insurance, long-term care insurance, burglary insurance etc. In addition to the life insurance policies a life insurance agent can also be selling other financial packages like variable annuities, mutual funds and other securities. There are many avenues for opportunities as well as earning potential available for a life insurance agent and there are no limits or boundaries regarding this. The earning potential of an insurance agent may vary from one agent to another. Based on the outcome of the sales and targets achieved by an insurance agent, he or she can earn accordingly and there are no limitations or upper ceiling regarding the earning potential for an insurance agent. An insurance agent must be well aware about the market conditions to guide their customers accordingly.…

    • 1067 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Shopping Experience

    • 4577 Words
    • 19 Pages

    I am highly indebted to my mentor, Mr. Asim Mitra for guidance and constant supervision as well as for providing necessary information regarding the project & also for their support in completing the project.…

    • 4577 Words
    • 19 Pages
    Powerful Essays
  • Better Essays

    I am grateful for my project to Mr.ABHISHEK KUMAR (UM) at ICICI PRUDENTIAL LIFE INSURANCE COMPANY who helped me throughout the project and encouraged to take this project in future course for my career.…

    • 8549 Words
    • 35 Pages
    Better Essays
  • Good Essays

    May 20, 2012 Sharmin Shabnam Rahman Lecturer, BRAC Business School, BRAC University Subject: Submission of Internship Report (BUS-400). Dear Madam, With due respect, I would like to inform you that, I have completed my internship at Peoples Insurance Company Limited. Throughout the internship period, I have found the company getting ready to adopt with changes brought by the Insurance Act 2010. Hence, I chose ―The Insurance Act 2010 for non-life insurance; the Problems & Prospects of Peoples Insurance Company Limited‖ as the topic of my internship report. In order to prepare the report, I have collected required information through qualitative research and finally completed the report which is now ready to submit. It was really enjoyable to work on the report as it has provided me with an opportunity to know about realistic fact of the influence of Insurance Act 2010 on the overall operation of PICL. I have learned a lot about the non-life insurance industry after preparing this term paper and got the chance to apply my theoretical knowledge learnt from the university courses. It was a great pleasure for me to work on such a challenging and practical topic.…

    • 16835 Words
    • 68 Pages
    Good Essays
  • Powerful Essays

    I am greatly indebted to my project supervisor Mr. Ashish khatri (Senior Sales Manager) for constant guidance throughout the course of this work and for providing me all necessary information for my project work.…

    • 16342 Words
    • 66 Pages
    Powerful Essays
  • Better Essays

    Insurance Sector

    • 3818 Words
    • 16 Pages

    The insurance sector in India has grown at a fast rate post-liberalization in 1999. In the last decade, total premium grew at a CAGR of 25% and reached a total of $67 billion in 2010. Indian Life insurance industry (which contributes 88% of total Life and General insurance premium in India) has emerged as the 9th largest life insurance market in the world. Yet, Insurance penetration (measured as ratio of premium underwritten to GDP) was only at 5.2 % in 2010 – significantly lower than Asian peers like South Korea, Taiwan, Japan and Hong Kong which boast an insurance density greater than 10%. 1 With low insurance penetration levels, growth potential remains promising. More importantly, the pace and nature of growth will likely see a change where new behaviours and dynamics of demand and supply will apply. On the demand side, growth is being fuelled by the growing population base, rising purchasing power, increased insurance awareness, increased domestic savings and rising financial literacy. The suppliers are correspondingly playing a market making role as competition heightens and differentiation become necessary for profitable growth. In the new order, innovating across the business lifecycle has become a necessity.…

    • 3818 Words
    • 16 Pages
    Better Essays
  • Powerful Essays

    We express our great pleasure to have an opportunity to take up the project work under the guidance of Sri Dr. Neelima, principal of HASVITA INSTITUTE OF MANAGEMENT AND TECHNOLOGY whose invariable references suggestions and encouragements have immensely helped us in the successful completion of this project.…

    • 3399 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    Analysis of Life Insurance

    • 1398 Words
    • 6 Pages

    Inflation rate: Inflation can also be one of the causes to change the scenario of the insurance sector. High inflation for instance, would tend to reduce the insurance business, particularly life, because the real value of the money paid back to the policyholder on maturity of the policy would go down and would, therefore, lose its attraction for the investor. Impact of income on insurance: Income level significantly affects the demand for life insurance. Life insurance becomes more affordable when income increases((Rubayah and Zaidi (2000)).…

    • 1398 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    country report

    • 20638 Words
    • 83 Pages

    guidance given by her time to time shall carry us a long way in the journey of life on…

    • 20638 Words
    • 83 Pages
    Powerful Essays
  • Satisfactory Essays

    general insurance

    • 1041 Words
    • 5 Pages

    Indian insurance sector is poised to mark great progress in the years the come. Over the past few years, many foreign insurance companies have ventured into the Indian landscape in order to harness the immense untapped latent potential of this industry. Moreover, the favourable regulatory environment ensures stability and fair play in the entire market.…

    • 1041 Words
    • 5 Pages
    Satisfactory Essays
  • Powerful Essays

    Project Report

    • 9303 Words
    • 38 Pages

    I gratefully acknowledge the overwhelming support of Mr.Pradeep Kumar efforts, professional experience proved bliss for me during this work I also acknowledge my thanks to all the other staff members. Who directly or indirectly helped me in completing this project.…

    • 9303 Words
    • 38 Pages
    Powerful Essays
  • Satisfactory Essays

    I, ohiduzzaman, a student of MBA (Final year) of J.E.T.G.I want to take this opportunity to thank these persons concerned who whole-heartedly co-operated with me to make this project a success.…

    • 16279 Words
    • 66 Pages
    Satisfactory Essays
  • Good Essays

    Basel Norm

    • 21094 Words
    • 85 Pages

    All my efforts will be meaningless, if I don’t express my sincere gratitude to the authorities, who rendered their support and guided me more than what I had expected from them, while carrying out my project. First and foremost I extend my heartfelt gratitude to our State Bank of India, Chief Manager Dharwad for giving me an opportunity to undertake my project in this prestigious bank. I express my sincere gratitude to Sir R.S. Prakash, Faculty Training Centre SBI and also Sir, Prasad Faculty Training Centre State Bank of India for their valuable support. I also express my gratefulness to Miss Shailaja. M.S Chief Manager, SBI Zonal Office. I also thank all SBI staff for supporting me in one or the other way. Dr.M.M.Bagali, I/c Director KLE’s Institute of Management Studies and Research for…

    • 21094 Words
    • 85 Pages
    Good Essays
  • Better Essays

    In the fiscal year 2000-01, the Indian federal government lifted all entry restrictions for private sector investors. Foreign investment insurance market was also allowed with 26 percent cap. GIC was converted into India 's national reinsure from December, 2000 .All the subsidiaries working under the GIC umbrella were restructured as independent insurance companies. Since opening up of the insurance sector 21 private companies have been granted licenses.…

    • 2267 Words
    • 10 Pages
    Better Essays

Related Topics