Presentation on Internship at

IDBI Federal Life Insurance

Entrust By :-
Alankrita Sakhi
Pareek
 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

 IDBI BANK

IDBI FEDERAL LIFE

INSURANCE FEDERAL BANK

AGEAS
 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%.
 TRAINING OF INSURANCE
INTERNSHIP WORK
PRODUCTS

TRAINING FROM THE

AGENCY LEADER PRODUCTS SELLING

CHUNKS
TARGET OF SELLING 1
RECRUITMENT WITH HR
INSURANCE POLICY
EXECUTIVE

PRESENTATIONS FOR THE

RECRUITMENT PROCESS
COMPANY
INTERNSHIP WORK INCLUDES –

Recruitment with HR Executive

Short listing the CV’s of Candidates

Prepared presentations as per the requirements of the company

Conduct the telephonic interviews of short listed candidates.

Sold 2 Life Insurance policies to the customers.

TRAINING FROM THE AGENCY LEADER INCLUDES –

How to schedule an interviews, What are the questions to be asked

Be a professional, don’t be lenient

How to draft a mail, PPT and other necessary things

TRAINING OF INSURANCE PRODUCTS AND SELLING -

To understand and learn about the company’s policies and their pros and cons

How to make a cold call and helps a customer to understand about the policies

Helps a customer to understand the benefits of policies

How to persuade a customer for policies

TARGET –

Company provides a target of selling at least 1 policy, whether it’s a Life Insurance Policy
Or a Child Insurance Policy.

I have successfully completed my task by selling 2 Life Insurance Policies.

LEARNINGS FROM THE INTERNSHIP –

Recruitment

E-Recruitment

Sales

Role of an HR Trainee

How to reach and persuade the customers

Professionalism
THANK YOU!