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Internship Details

Greetings for the day from IDBI FEDERAL LIFE INSURANCE CO. LTD.,KOLKATA.


This is to inform you that IDBI Federal Life Insurance Co. Ltd.,kolkata is

offering a great opportunity to the MBA/BBA students for both Summer and

Winter Internship in the field of Finance, Marketing Management and Team

Recruitment, Management and Team Development.


This internship offered by us will enhance in strengthening the career

path of the students in BFSI SECTOR which would help them to find a strong

foothold during their curriculum and final placements by gaining combined

practical exposure and proper combined knowledge in all specializations.


This is a multiple role internship and the training imparted to all

candidates will be in all 3 modules mentioned below i.e. Finance

,Marketing Management and Leadership Management. A student will be given

knowledge on all three modules so that it will also help them to decide

their future specialization in 2nd year and also diversify the practical

working skillset of the candidate.


The Profile offered to all interns are mentioned below:


Job Description


1. Profile on Finance will cover:


a. Fundamentals of Indian Finance,Life and General Insurance Industry and

the BFSI sector.

b. Regulatory bodies in India and their Rules and Regulations.

c. Intensive Knowledge on various investment products such as Life

Insurance, Mutual Funds, Equity, Bonds, Debentures, CASA, MIS, PPF, FD

etc. and different Investment strategies and current investment products

available in the market.

d. Financial planning and calculations & Tax planning and calculations

like IRR, XIRR, ROI etc used practically.

e. Anti- money laundering rules and regulations.

f. Insurance Regulatory and Development Authority training and certification.

g. Training on products on the company along with client prospecting and

conversion through direct appointments accompanied by seniors.


2. Profile on Marketing Management will cover:


a. Project Report to be submitted as assigned by the company guide or mentor.

b. Generation of HNI Leads and Appointments for Sales Generation.

c. Market Surveys though online and offline questionnaires and data

collection.

d. Marketing of Financial products by analysing Human Life Value and

financial needs of client.

e. Exposure on Future investment opportunities by personally visiting

clients.

f. Client Survey through online Questionnaires framed by the candidate.

g. Branding and Product Promotion activities in and around kolkata .

h. Developing new markets through survey.


3. Training on Team Management will cover:


a. Sources of Recruitment.

b. Live project on recruitment of advisors for the company by taking live

interviews.

c. Training on Team handling as leaders and Team development along with

soft- skills development so that they can establish themselves in the

corporate world.

d. Identifying new recruitment strategies which would benefit both the

candidate and company.

e. Revenue Generation from team for the Company i.e. Team Development.


Full guidance, knowledge and skill-set building material and individual

support will be provided by the company guide or mentor along with access

to various additional facilities like printout facility, Coffee and tea

facility during office hours , Computer access etc.


The interview is currently going on in full swing and the students who

intend to join can contact the following person-


Name - Mr Avinash Kumar Jalan.

Contact No. - 8981074572

Location of Internship : Kolkata Only.( students from BIHAR and ASSAM will

be placed in their local branch where they reside)

Duration of Internship: As decided and assigned by respective

College/institution.


For outstation candidates we can arrange for telephonic interview.


The students will be provided with a stipend on sales plus added variable

performance Incentives. The payout will vary from minimum 15% to maximum

30% per sale as we dont have fixed stipend payout as per company policy

and norms.The organization has adopted the "Performance based Payout"

policy looking at the past trends.


Normally the average stipend earning by a student ranges from 10000 INR TO

20000 INR.Also the students are eligible to get certification from

REGIONAL HEAD & COUNTRY HEAD also along with all the R&R as announced by

the company which will add extra weightage to their experience and during

their placements.


On successful completion of the Summer Internship program he/ she will be

provided with an internship completion certificate by the Vice - President

HR of the organization.


Offer Letter will be given at the time of joining of the candidate from

the HR.


Awaiting for a quick and positive reply from your end as early as

possible.Kindly mail me the CV'S of students who are interested to do

their internship from Kolkata and are from kolkata and West Bengal

primarily.Few students from BIHAR and ASSAM can be absorbed also but

preferably we are looking for candidates from West Bengal only.



-- 

Thanks & Regards,

Meetali Raj

Agency Leader

IDBI Federal Life Insurance Co. Ltd.

Zonal Office

8 Camac Street

Shantiniketan Building

2nd Floor

Kolkata-17

#8981074572

No. of Positions

5

Application Deadline

Apply by: 18th Nov `17

Stipend

Rs. 3000-20000

About Company

About IDBI Federal Life Insurance


IDBI Federal Life Insurance is one of India’s growing life insurance companies and offers a diverse range of wealth management, protection and retirement solutions to individual and corporate customers. 

IDBI Federal Life Insurance Co Ltd is a joint-venture of IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of India’s leading private sector banks and Ageas, a multinational insurance giant based out of Europe. 

Having commenced operations in 2008, IDBI Federal was able to achieve breakeven within just 5 years; the Company’s passion for innovation and growth helped it achieve this feat. 

Through a nationwide network of 2,964 branches of IDBI Bank and Federal Bank, and a sizeable network of advisors and partners, IDBI Federal Life Insurance has achieved presence across the length and breadth of the country. As on March 31, 2017, the company has issued nearly 10.29 lakh policies with a sum assured of over Rs. 58,653.76 crore. IDBI Federal Life Insurance has total assets under management of 6,090 crore and a robust capital base of over 800 crores, as on March 31, 2017. 

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