Download Recruitment and Team Building of Life Advisors in Bharti Axa Life Insurance PDF

TitleRecruitment and Team Building of Life Advisors in Bharti Axa Life Insurance
Tags Types Business Economics
File Size927.4 KB
Total Pages86
Table of Contents
                            Major  players in the life insurance industry in india
	. The functions of Insurance can be bifurcated into two parts:
	The primary functions of insurance include the following:
	Vision
	Values
	Strategy
Major  Players in The life Insurance Industry In India
	Bharti AXA Life Guarantee Builder
	Bharti AXA Life Bright Stars
	Bharti AXA Life Spot Suraksha
	Bharti AXA Dream Life Pension
	Bharti AXA Life AspireLife
	Bharti AXA Life InvestConfident
	Bharti AXA Life WealthConfident
	Bharti AXA Life FutureConfident
	Bharti AXA Life FutureConfident II
	Bharti AXA Life SaveConfident
	Bharti AXA Life SecureConfident
	Bharti AXA Life - CreditSecure
	Bharti AXA Life - Sanjeevani
	Bharti AXA Life - Swasthya Sanjeevani
	Bharti AXA Life - Sanjeevani
	Bharti AXA Life Mortgage Credit Shield
	Bharti AXA Life Credit Shield
	Bharti AXA Life Life Shield
	The Qs are 5 different criteria where the candidates are to be analyzed. This Qs are five basic screening question through which the company knows about the candidate interest of work in an insurance company.
	Q1- The candidate should have been a resident of Bhubaneswar for at least five years.
	Q2- He/ She should be married.
	Q3- His/ Her annual income should be at least 1.2 to 1.5 Lakhs.
	Q4- He/ She should be a graduate.
	Q5- Minimum age to be eligible for being a life advisor is 25.
	The significance of Qs
	A high Q score implies possibility of better performance by the candidate as a life advisor (meaning better revenue generation ability). On an average only a candidate with a score of Q4 or Q5 was interviewed.
	A low Q score implies lesser possibility of such performance.
	The applicant shall have to undergo at least 100 hours’ practical training in life or general insurance business which may be spread over three to four weeks, where such applicant is seeking license for the first time to act as an insurance agent.
	The training duration should be minimum 18 working days excluding Sundays and holidays.
	No product training/market survey should be included into this hundred 100 hours training.  The product training, if any, to be given by the insurance company should be over and above the minimum training hours prescribed by the Authority
	The attendance record of the trainees should be maintained at the Institute for necessary inspection at any given point of time.
	In case of short-fall of attendance, extra class may be permitted but the extra hours may be specified separately with proper attendance and details of faculty.
	Every Institute should have at least one qualified permanent faculty who is an Associate or Fellow from the Insurance Institute of India for each stream i.e. for Life and Non-Life.
	The attendance register of the faculty members should be maintained at the training institutes.
	The record of the payment made to faculty should be maintained at the training institute i.e. batch-wise payment detail should be maintained.
	The faculty should provide details of the other Institutes with whom they have been empanelled as part-time/guest faculty.
	Register should be maintained at the training institute giving details of batches completed, strength of the each batch, number of candidates decertified, name of the sponsored insurer and details of faculty who imparted the training with dates.
	The seating capacity of each class-room should not exceed 40.
	The fresh accreditation will be given on need basis after assessing the needs of the particular city/town.
	The initial approval will be for a period of 3 years and consideration of further renewal up to 3 years would depend on the satisfactory compliance of requirements of accreditation.
	The insurance companies would regularly send their officials to oversee the proper conduct of the training at the institutes and would not sponsor candidates to those institutes that are not maintaining the required standards of and facilities for the training.
	The training institute must display the certificate of accreditation to impart training issued by the Authority at the training institute.
	The Institute should not allow a franchisee to conduct courses on its behalf even if the faculty is that of the Institute.  The Institute should conduct the training on its own premises or hired premises with proper infrastructure.
	No marketing fee/consultancy fee payment is permitted for getting the training batches.
	It will be the responsibility of the Insurance Company to check the status of the institute before sponsoring any candidates for training.
	In case of mofussil areas or the cities where there are no accredited institutes and an insurance company intends to appoint agents, it will be the responsibility of the insurance company to conduct training.
	The Institutes must keep with them one set of records of the training at the place where the training is being imparted.
	The Institute should confine its activities only to the place/city for which it has been given the approval.  No training outside the said place/city is permitted.
	The Institutes must submit a copy of the lease deed/rent agreement at the time of seeking fresh accreditation/renewal/change of address of the institute.
	On successful completion of training the candidates get COT i.e. the Completion of Training Certificate by Bharti AXA.
                        

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