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Industry Background

• The insurance industry of India consists of 51 insurance companies: 24 are in Life Insurance
business 27 are non- life insurers

• Among the life insurers LIC ( Life Insurance Corporation) is the sole public sector company

• The insurance sector in India is expected to attract over Rs. 12,000 crore (US $ 1.76 billion ) in
2016.

Company Introduction

• Started in March 2008

• Joint-venture

• One of the fastest growing

• Customer-centric brand

• CEO – Mr. Vighnesh Shahane

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Products of company

• IDBI Federal has 4 major products which cater to the needs of the Indian customers. IDBI
Federal products :-

WEALTHSURANCE LIFESURANCE

CHILDSURANCE INCOMESURANCE

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 Weakness
Strength
National level advertisement
9.24 crore B.E.P. in 5 years
Low frequented promotional
2nd company to achieve
activities
Brand name
Low awareness

SWOT ANALYSIS

Opportunity Threat
Market expansion. Tough competition from
Only 6 percent of the market market leader LIC
is insured IRDAI intervention
Uncovered rural areas FDI limit increased to 49%.

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 ABOUT SIP

MODULE – 1 (H) MODULE – 2 (M)

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 MODULE - 1

PROJECT WORK

TRAINING FROM THE AGENCY LEADER

RECRUITMENT WITH HR EXECUTIVE

PRESENTATIONS FOR THE COMPANY

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 MODULE - 2

TRAINING OF INSURANCE PRODUCTS

PRODUCTS SELLING

TARGET OF SELLING 1 INSURANCE POLICY

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 PROJECT WORK

POST A JOB/INTERNSHIP ON SOCIAL NETWORKING SITES.

SHORTLIST THE CV’s OF CANDIDATES

SCHEDULE AND CONDUCT THE TELEPHONIC INTERVIEW

PREPARE PRESENTATION ON GIVEN TOPICS

SOLD 3 INSURANCE POLICIES TO THE CUSTOMERS

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 LEARNINGS

RECRUITMENT

WORKING UNDER PRESSURE

MEET AND PERSUADE THE CUSTOMERS

ROLE/WORK OF HR TRAINEE

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