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It was
incorporated on 14th august 2000. It is a joint venture
between Housing Development Finance Corporation
Limited (HDFC Ltd.) India And UK based Standard Life
Company. Both the joint venture partners being one of
the leaders in their respective areas came together in
this 81.4:18.6 joint venture to form HDFC Standard
LifeInsurance Company Limited.
 ¦r. Deepak Satwalekar is the ¦D and CEO of the
venture.
 HDFC Standard Life Insurance Corporation is sure to
become one of the leaders and the first preference for
any life insurance customer.
 OB ANALYSIS

ob analysis is the process of studying

and collecting information relating to
the operations and responsibilities of a
specific job.
OB DESCRIPTION

It contains following information :

 Activities or tasks performed
 Responsibilities
 Working conditions
 Relationship with other jobs
1. ¦aking new policies

2.Collecting renewal money

3.Reaching the target

4.He is responsible to SFC¶s and report him daily

5.He must coordinate and pass information from SFC¶S to

area manager
   

 He should be at least 12th passed.
 He should complete IRDA training.
 He should clear the IRDA exam.
 He should through successfully the exam and
training.
    
 He should have good personal contacts.
 He should have convincing power.
 He should be above 18th year old.
 

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 SELECTION
Selection is a process of picking individuals with requisite
qualifications and competence to
fill jobs in the organization. Different sectors will
imply different patterns in ³recruiting and Selection´.
 fill up form

IRDA training(50hrs)

irda exam

Fail Pass

Exit Product Training

Traditional Pr. ULIP Product

Internal Assessment

Fail Pass

Exit Certification
 TRAINING

1.¦otivation

2.Communication

3.Patience

4.Understanding

'$   Commission on issuance
of every policy. Commission directly credited to bank
account of FCs within 15 days. These commission
varies from 7.5-40% according to plan.
 $
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Renewal commission would be paid from the 2nd year
onwards on regular premium policies. Renewal
commission is not payable on single premium plans.

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Within 30 days of Licensing Consultant can become

 STAR ± Converted premium 2 Lacs

Silver ¦edal-Worth Rs 5200(approx)
 RISING STAR ± Converted premium of 5 Lacs
Gold ¦edal-Worth Rs 13,000(approx)
 ¦ILLIONAIRE STAR ± Converted premium of 10 Lacs
Gold ¦edal-Worth Rs 25,000(approx)
 GLOBAL STAR ± Converted premium of 24 Lacs
Gold ¦edal-Worth Rs 60,000(approx)
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 Gift Vouchers
 Home Appliances
 Two-Wheelers
 Gold/Diamonds ewelry
 Foreign Trips
 ¦obile Phones
 Laptops
 Cars etc.
Placement is a process of assigning a specific
job to each of the selected candidates. It
involves assigning a specific rank and
responsibility to an individual. It implies
matching the requirements of a job with the
qualifications of the candidate.
 Once an employee is selected and placed on an
appropriate job, the process of familiarizing him
with the job and the organization is known as
induction.
1.It gives a complete information about
goals and objectives of organisation
2.It helps to know the rules and
regulations of firm
3. It brings confidence in employee