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Internship Details

About Internship:

Greetings for the day!

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.
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:

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.
h.Training IC 38 for IRDA Licensing exam for 4 days from 10 am to 5 pm.
i. Exposure on Financial Need Analysis, Funding Responsibilities concept, KYC & AML


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 field project on recruitment of employees 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.

Support and Rewards & Recognition:

1. SUPPORT

Full guidance, study material and support will be provided by the company guide or mentor along with access to various additional facilities.Students will be allowed to work from hometown location as per the preference as we highly practice "Work from Home" policy.


2. REWARDS & RECOGNITIONS :

A. 'CERTIFICATE OF APPRECIATION' for all interns on Performance, Achievement and Work delievered.
B. Foreign Tours for criteria achieved.
C. Special ''Performance Linked Incentives'' for Revenue generation for the company.
D. Spot Gifts for all Contest criteria achieved by Interns.

SELECTION AND INTERVIEW PROCEDURE :

The interview is currently going on in full swing and the students who intend to join can contact the following person-

Location of Internship : Kolkata Only.( students from BIHAR, ORISSA and ASSAM can be considered also)
Duration of Internship: As decided and assigned by respective College/institution.

A Detailed CVs in compressed pdf format of all candidates and excel sheet in 97-2003 format with below mentioned details should be mailed to us for selection and interview process :

Name of the candidate
DOB
Contact number
Specialization
Hometown Location
Highest Educational Qualification
Work Experience (if any )


REMUNERATION ( STIPEND DETAILS ):

The students will be provided with a stipend on sales plus added variable performance Incentives. The payout will vary from minimum 15% to Maximum 40% per sale as we dont have fixed stipend payout as per company policy and norms.The organization has adopted the "Performance Based Incentive Payout" policy looking at the past trends.

Normally the APRROXIMATE average stipend earning by a student ranges from 10000 INR TO 20000 INR in 2 months if found to be sincere, hardworking and productive.

Offer Letter will be issued to all candidates once the confirmation mail is received from the placement cell regarding the joining of the candidate.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.

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.

Rgds.

Roles and Responsibilities:

1.Portfolio planning and financial planning
2.Customer mgmt and revenue generation.
3.Recruitment Activities
4.Corporate presentations
5.Generation of HNI leads and appointments

Perks:

1.Flexi work hours
2.Certificate of Appreciation
3.Internship certificate
4.high performance based incentives and bonus

No. of Positions

5

Application Deadline

Apply by: 7th Jun `19

Stipend

Rs. 5000-50000

About Company

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

IDBI Federal distributes its products through a multi-channel network consisting of Insurance agents, Bancassurance partners (IDBI Bank, Federal Bank) Direct channel, and Insurance Brokers.

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!

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