Career in Insurance Sales: A Promising Career for youth in India
Today’s youth need only a regular job. They need a stable career in the growing industry, which will help them achieve their big dreams and goals. This is the reason why, in partnership with HDFC Life – a top life insurance provider, a leading online education company has started a job guarantee program in one of the fastest growing industries in India, which is life insurance.
Indian Insurance Industry – An Overview
Insurance industry in India is booming faster than ever and is expected to grow 12-15% annually
By 2020, the value of the insurance industry is INR 28,000 Cr, which generates approximately 40,000 jobs per year.
Nearly 80% of Indians do not have a life insurance policy, which gives a big opportunity to sell
However, insurance is a holistic approach to learning to succeed in the sales profile.
Insurance Sales Jobs v / s Government Jobs
Today, in order to secure a government job, you have to pass competitive examinations among many competitors. The striking difference between the number of vacancies and the number of applicants makes it difficult to secure a government job in the first attempt. Although government jobs provide stability, but aspects like declining and slow career development can be done in the form of declines compared to private sector.
Post Graduate Program in Life Insurance (PGPLI) provides a guaranteed job for successful completion of the program with HDFC Life for any graduate. The program provides online learning, job training and a paid internship. You can enroll during your graduation level or for the program.
A graduate certificate is also provided on completion of the program, as well as an invaluable experience of a long internship such as with HDFC Life.
Post Graduate Program in Life Insurance (PGPLI) provides a guaranteed job for successful completion of the program with HDFC Life for any graduate. The program provides online learning, job training and a paid internship. You can enroll during your graduation level or for the program. A graduate certificate is also provided on completion of the program, as well as an invaluable experience of a long internship such as with HDFC Life.
Prospects for Increasing Insurance Sales
The skill you have achieved in Sales Jobs is applicable in various fields like marketing, operations, handling claims, proceedings, finance and accounting. In some years, you can begin to lead other insurance sales professionals in your insurance organization.
Thus, there are horizontal and vertical development opportunities in the industry.
You have the opportunity to work in different distribution channels such as agency, bankasurance (sales via bank) and direct sales. Being a sales professional, you will be considered financial advisor for your clients. In the Bancassurance model, you get the benefit of the brand name of existing customer base and HDFC.
Post Graduate Program in Life Insurance is offered in conjunction with HDFC Life, one of India’s largest private insurers.
11 months Fee Structure: This is a self-payment program where you can earn more than the course fee!
You pay 99,000 rupees (inclusive of all taxes)
You earn money. 1,10,000 lacs *
For the first 2 months, you start with online training on insurance, after 2 months with on-the-job training 2500 / – per month stipend. For the remaining 7 months, you get Rs. Internship with a stipend of 15,100 / -.
Thus, in 11 months, on completion of successful programs, from becoming a new graduate to full-time HDFC Life Employees.
- All payments will be subject to the prevailing tax laws, other legal deductions, and fulfillment of the program’s desired performance criteria.
To sum it up
If you are a graduate or a final year graduate, you can take admission in the postgraduate program of life insurance upgrades. Doing this will help you gain industry knowledge and it will also ensure fast growing careers in insurance sales with HDFC Life.