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PROJECT
By - Megha Patel
MBA 2ND Year
MIT COE -CMSR
Project Title
Study on Competency
based recruitment and
selection process in Bajaj
Allianz
Establishment of the
company
Bajaj Allianz Life Insurance Co. Ltd. is a joint
venture between two leading conglomerates- ,
Bajaj Auto, one of the biggest 2 and 3 wheeler
manufacturers in the world and Allianz AG, one
of the world's largest insurance companies.
Is the fastest growing private life insurance
company in India.
Currently has over 74,00,000 satisfied
customers.
One of India's leading private life insurance
companies
Allianz group
Allianz Group is one of the world's leading insurers and
financial services providers. Founded in 1890 in Berlin,
Allianz is now present in over 70 countries with almost
174,000 employees.
At the top of the international group is the holding company,
Allianz AG, with its head office in Munich.
Allianz Group provides its more than 60 million customers
worldwide with a comprehensive range of services in the
areas of
ALLIANZ AG- A GLOBAL FINANCIAL POWERHOUSE
Worldwide 2nd by Gross Written Premiums - Rs.4,46,654 cr.
12th largest corporation in the world
49.8 % of global business from Life Insurance
Established in 1890, 110 yrs of Insurance expertise
70 countries, 173,750 employees worldwide
Bajaj Group
Bajaj group is the largest manufacturer of two-wheelers and
three-wheelers in India and one of the largest in the world.
One of the largest 2 & 3 wheeler manufacturer in the world
21 million+ vehicles on the roads across the globe
Bajaj Auto finance one of the largest auto finance cos. in India
Rs. 9,050 Cr. Turnover & Profits of 538 Cr. in 2008-09
It has joined hands with Allianz to provide the Indian consumers
with a distinct option in terms of life insurance products.
As a promoter of Bajaj Allianz Life Insurance Co. Ltd.,
Bajaj Auto has the following to offer Financial strength and stability to support the Insurance
Business.
A strong brand-equity.
An extensive distribution network.
Adequate experience of running a large organization.
COMPANY MISSION
As a responsible, customer focused market
leader, we will
strive to understand the insurance need of the
consumers and translate it into affordable product
that deliver value for money.
Vision
Key Persons
Head Office
Products
Achievements
Bajaj Allianz life insurance offers technical
excellence in all areas of Health Insurance as well
as Risk Management.
This partnership successfully combines Bajaj
Autos in-depth understanding of the local market
and extensive distribution network with the global
experience and technical expertise of the Allianz
group.
Bajaj Allianz has received iAAA rating, from ICRA
Limited, an associate of Moodys Investor Services
Claims paying Ability. This rating indicates highest
claims paying ability and a fundamentally strong
position.
Awards
Bajaj Allianz Life Insurance has won the Marketing
Excellence
inBFSI Sector Award at the
National Awards forMarketing Excellence
2016.
Brand Excellence in BFSI Sector Award 2015
Best Life Insurance Company (Private Sector)
- 2015
BFSI VISION CSR AWARDS 2014
Bajaj Allianz Life Insurance has been conferred
withSeal of Goldin 2016 for its "excellent"
products in 2016.
Bajaj Allianz Life Insurance has been recognized as
the Best in Employee Empowermentfor"I am
BALIC"at the HR Technology Awards
2016event held in Mumbai recently.
Task Assigned
Work Done
Sourced the right candidates from different job
portals for different job profiles.
Take part In walk in interviews.
Conducted the initial screening level telephonic
interviews.
Daily Data entry in a Tracker.
Arranged the interview schedule.
Relationship Manager
Key responsibilities
1. Responsible fro the achievement of
service to sales New Business and
renewal premium targets of the branch.
2. Extending support for all the service
requests in terms of understanding the
issues, current status and final resolution.
3. Responsible to build &maintain
relationships with customers, understand
and explore their financial needs
&requirements pertaining to their policies.
Back office
Job Description:
1) All grievances cases to be acknowledged on the same day.
2) All resolution cases to be resolved in avg MTD and YTD TAT
and grievance in an avg TAT
3) Response to the mails on an avg given TAT.
Eligibility to apply:
The eligibility criteria fro the candidate should be graduate.
Competencies Being Looked at
Essential Knowledge:
1. Knowhow of insurance products.
2. Industry specific knowledge for insurance.
Essential Skills
Contribution to the
company
u
o
y
k
Than