Académique Documents
Professionnel Documents
Culture Documents
The Company
Vision Statement most successful and admired life insurance company, which means that we are the most trusted company, the easiest to deal with, offer the best value for money, and set the standards in the industry. In short, The most obvious choice for all.
The
Our Mission
We aim to be the top new life insurance company in the market. This does not just mean being the largest or the most productive company in the market, rather it is a combination of several things like Customer service of the highest order Value for money for customers Professionalism in carrying out business Innovative products to cater to different needs of different customers Use of technology to improve service standards Increasing market share
June 17, 2011
Integrity Innovation Customer Centric People Care Team Work - One for all & all for one Joy & Simplicity
June 17, 2011
Corporate Strengths
Strong Brand Customer base of over 2 million Stable and experienced management High service standards High quality loan portfolio Provision for contingencies Constant technological upgradation of systems One of the best capital adequacy ratio
SECURITISATION
Future Activities
DISTRIBUTION
Background
Founded in 1825
Mutual Life Insurance Company since 1925 Largest mutual life insurance company in Europe
31 branches 11 " 7 " 1 " 1 sales office 31 branches 1 representative office 2 representative office
Financial Strength
Total assets under management : Rs. 5,81,000 Crores New premium income 2001 :Rs. 58,000 Crores AA2 rated by Standard & Poors and Moodys
Launched on 1st January 1998 Savings balances of 4.4 billion Mortgage lending above 6 billion
UKsleadingprivatemedicalinsurerssince8891 Fourth in the private medical insurers market Best Individual PMI provider for the year
Assets under management 76 billion 5 million retail and institutional clients Global coverage of investment instruments and markets
What is Insurance ?
It is a system by which the losses suffered by a few are spread over many, exposed to similar risks. Insurance is a protection against financial loss arising on the happening of an unexpected event. It is essential that : The calamity is either natural or unexpected The insured person does not gain out of this arrangement
Life Insurance
Gamut
Individual Group Salary Savings
Scope
Pure - Term Insurance Savings Endowment, Money Back Policies Investment - Single Premium Policies Income / Pension Annuities Market / Unit Linked
Benefits of Insurance
Safeguards oneself and one's family for future requirements. Peace of mind-in case of financial loss. Encourage saving. Tax rebate. Protection from the claim made by creditors. Security against personal loan, housing loan or other types of loan. Provide a protection cover to industries, agriculture, women and child.
June 17, 2011
Privatisation - Objectives
Broad
Increased coverage of the population
Specific
Customer has a wider choice & range of products Service standards to customer
Economic
Savings mobilisation
June 17, 2011
Today
21 Life insurance business companies Multiple players, products
Increased awareness
Flexible products
Only ONE out of FIVE insurable population in India have insurance coverage In terms of insurance premium per capita and premium per GDP, India ranks as one of the lowest in the world. Life Insurance premium constitutes only 9% of domestic savings. By 2010, hundred million elderly look to planning for old age pension and annuities. More than 325 million labor forces have no social security.
June 17, 2011
CAREER
HDFC SLIC
CHANNEL DEVELOPMENT
Project Trainee / Management Trainee Programme
The Process
Channel Development to select Project / Management Trainees fromBusinessschoolsorreferredbySMs CD team then to give basic training/handholding to the trainees on recruitment and give each trainee a weekly target ThetraineeswillpitchanopportunityforaBusinessPartner The TG Age 30+, men / women, at least 12th pass, salaried, self employed, housewives, professionals The Pitch Work for just 5 hours a week and earn more than Rs. 20,000/- per month Zero Investment World Class Training Part time / full time option
The Approach
Trainees to first leverage their natural market immediate contacts: friends/relatives/neighbors
Each trainee to list down names of at least 50 people or more, who they can approach directly
their target
June 17, 2011
The Control
SM/RM/ARMs to monitor daily progress of Trainees Weekly status report to be submitted by SM to the CD team Trainees to submit filled-up FC application forms
Incentives
Rules All Summer trainees will work for atleast 60 days All Summer Trainees to be Finalised by CD Team of all Summer Trainee recruited by CD or Sales team They will compulsory have to undergo one day training (To be conducted by CD Team in presence of the respective SM's) All Incentive to be paid only after proper documentation received of the FC so recruited and completed 50 hrs IRDA Training. Certification of Summer Trainees to be done by CD-Team only after the project period Summer trainees will not be paid any allowances.
June 17, 2011
SUMMER TRAINEES
PT Payout Structure for the period April 2011 to Mar12
Bronze Silver Gold Gold Plus Platium Platium June 17, 2011 Plus
46& Above
3000