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Internship Details

About Internship:

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.
h. Live projects in sales and Client servicing and Client surveys.


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 such as Mutual Funds,Life Insurance,
Health Insurance, etc. 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 Recruitment & 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.
f. Recruitment of Life advisors and Agency Leaders by meeting experienced
personnels, retd. persons, Ex-Bankers etc.
g. Explore New Markets for newly opened branches in
Jamshedpur,Ranchi,Patna & Guwahati and Kolkata.

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 Jalan
Location of Internship : Kolkata
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 and future endeavors.

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.

Also an Additional cash prize of Rs. 5000 will be awarded to the Best
performer who generates the Highest sales from the Entire batch.

Offer Letters 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.

--
Thanks & Regards,
Meetali Raj
Senior Agency Leader
IDBI Federal Life Insurance Co. Ltd.
Zonal Office (East)
8 Camac Street
2nd Floor
Kolkata-700071


Note: PLZ IGNORE ANY MAIL FROM ANY EMPLOYEE AS THE COMPANY
IS NOT OFFERING ANY FIXED STIPEND AS PER MGMT. DECISION. IF ANYONE SENDS
ANY SUCH MAIL FROM IDBI FEDERAL KINDLY DROP US A MAIL IMMEDIATELY OR CALL
MR.AVINASH ON OR IMMEDIATELY DROP A MAIL.

Roles and Responsibilities:

1. DEVELOP & GENERATE NEW CLIENTS FOR THE COMPANY.
2. DEVELOP AND RECRUIT NEW EMPLOYEES FOR THE COMPANY.
3. GENERATION OF REVENUE FOR THE COMPANY.
4. ATTEND TRAININGS
5. IRDA CERTIFICATION
6. APPLICATION OF THEORETICAL KNOWLEDGE
7. FINANCIAL SURVEYS.
8. MARKETING OF FINANCIAL PRODUCTS.

Perks:

1. INTERNSHIP COMPLETION CERTIFICATE
2. PRE- PLACEMENT OFFER
3. FLEXIBLE WORKING HOURS
4. REWARD & RECOGNITIONS

No. of Positions

5

Application Deadline

Apply by: 1st Jun `18

Stipend

Rs. 2500-20000

About Company

Corporate Overview


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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