90318 35501 0 false false false

Internship Details

About Internship:

Internship Programme

A self-motivated and high-potential talent like you deserves extra-ordinary opportunities.

As one of the leading life insurance companies of India, we are delighted to offer you an exciting and rewarding career with IDBI Federal.

We are pleased to offer you the opportunity to work with us as an Internship Trainee Advisor. In your role you will be responsible for promoting our diverse range of life insurance products.

You can rest assured that exceptional sales efforts will be rewarded handsomely at IDBI Federal. Not just that, as an organisation we believe in providing empowering growth to deserving and passionate individuals.

A successful advisor can look forward to progressing further as an Agency leader/Senior Agency Leader and Group Agency Leader. These positions promise fixed salaries, along with other variables.

To be eligible to become an advisor you will need to clear IRDAI IC 38 examination; the fee for the same is Rs 600/-.

An Agency Leader (AL/SAL/GAL) will be eligible for performance based fixed & variable payouts as mentioned below:
1.Fixed Salary
2.Monthly active new licensed advisor allowance
3.Monthly production bonus
4.Monthly advisor activation allowance
5.Indirect Team QPB for Senior Agency Leader/Group Agency Leader (Indirect Team L1 & L2 - Quarterly)
6.Self-Sourced business payout

Apart from building your business skills, this internship program will also help you understand corporate culture.

A) Project Functional Area : Sales
B) Project Period : Minimum two months
C) Selection Methodology : Personal Interview
D) Training : IC 38, Company Products, Insurance basics,
Financial Need Analysis, KYC & AML & other related aspects.
E) Awards & Certificates: Performance based Awards & Certificates                               
F) Certificates: Product Training completion Certificate
IC38 exam pass Certificate
Project Completion Certificate
G)Contact Details:
Reporting Manager : Pradeep Subramaniam
Mail ID : pradeep.subramaniam@idbifederal.com
Mobile No : 7010617084
Website : www.idbifederal.com

Roles and Responsibilities:

1. Customer Handling
2. Sales
3. Marketing
4. Internship 45 days
5. Developing and managing Traines
6. Research on targeting tactics & guidelines.
7. Devising strategies to drive customer.
8. Track and analyze marketing effort

Perks:

1. Internship certificates
2. flexible timing
3. Pre placement offer

No. of Positions

5

Application Deadline

Apply by: 21st Jul `18

Stipend

Rs. 10000-15000

About Company

IDBI Federal Life Insurance reported a jump of 94% in its net profit at Rs101 crore for the fiscal ended March 2017-18.

The company had clocked a net profit of Rs52 crore in 2016-17. This is the 6th consecutive year of profits since it first declared profits in 2012-13, the company said in a statement. The total premium during the year grew by 14% to Rs1,783 crore as against Rs1,565 crore in the preceding financial year.

The individual new business premium increased by 15% to Rs732 crore in 2017-18 from Rs634 crore in 2016-17. The persistency ratio on overall premium for 13 months as on February 2018 improved to 81% from 79% in the prior period, IDBI Federal Life said.

“Our customer-focused approach and enhanced tech capabilities across operational processes resulted in boosting of the persistency ratio,” said Vighnesh Shahane, CEO, IDBI Federal Life Insurance. The assets under management as on 31 March 2018 stood at Rs7,503 crore, up by 23% from Rs6,090 crore at end of March 2017.


Our reason to exist, our purpose, is to provide means for people to live a life and lifestyle of their choice. We achieve that by helping people plan for the future with life insurance.


This focus on human relationships has bolstered our growth over the years. It has helped us make a positive difference in the lives of all our stakeholders, be it our customers, employees, shareholders or community in general. Our gross written premium has almost doubled in the last three years proving that more people are willing to invest in us. In a recent report, published by IRDAI, we were mentioned as the only life insurance company to have retained over 50% of our customers for over 5 years, evidence of our constant focus on post sale engagement.


We were declared among the top 10 most trusted life insurance brands in the country, 

as per Economic Times’ Brand Equity survey. What is notable is the fact that we are the 

only second generation life insurance company to feature in the list. In a short time, 

we have made significant progress to gain the trust of people.


While the world measures its success through numbers and financials, at IDBI Federal, 

we use additional intangible metrics like strength of relationships, smiles and trust!



Similar Internships