Greetings for the day! This is to inform you that IDBI Federal Life Insurance Co. Ltd.,kolkata is offering a great opportunity to the MBA/BBA students for both Summer and Winter Internship in the field of Finance, Marketing Management and Team Recruitment, Management and Team Development. This internship offered by us will enhance in strengthening the career path of the students in BFSI SECTOR which would help them to find a strong foothold during their curriculum and final placements by gaining combined practical exposure and proper combined knowledge in all specializations. The training imparted to all candidates will be in all 3 modules mentioned below i.e. Finance , Marketing Management and Leadership Management. A student will be given knowledge on all three modules so that it will also help them to decide their future specialization in 2nd year and also diversify the practical working skillset of the candidate. The Profile offered to all interns are mentioned below: 1. Profile on Finance will cover: a. Fundamentals of Indian Finance,Life and General Insurance Industry and the BFSI sector. b. Regulatory bodies in India and their Rules and Regulations. c. Intensive Knowledge on various investment products such as Life Insurance, Mutual Funds, Equity, Bonds, Debentures, CASA, MIS, PPF, FD etc. and different Investment strategies and current investment products available in the market. d. Financial planning and calculations & Tax planning and calculations like IRR, XIRR, ROI etc used practically. e. Anti- money laundering rules and regulations. f. Insurance Regulatory and Development Authority training and certification. g. Training on products on the company along with client prospecting and conversion through direct appointments accompanied by seniors. h.Training IC 38 for IRDA Licensing exam for 4 days from 10 am to 5 pm. i. Exposure on Financial Need Analysis, Funding Responsibilities concept, KYC & AML 2. Profile on Marketing Management will cover: a. Project Report to be submitted as assigned by the company guide or mentor. b. Generation of HNI Leads and Appointments for Sales Generation. c. Market Surveys though online and offline questionnaires and data collection. d. Marketing of Financial products by analysing Human Life Value and financial needs of client. e. Exposure on Future investment opportunities by personally visiting clients. f. Client Survey through online Questionnaires framed by the candidate. g. Branding and Product Promotion activities in and around kolkata . h. Developing new markets through survey. 3. Training on Team Management will cover: a. Sources of Recruitment. b. Live field project on recruitment of employees for the company by taking live interviews. c. Training on Team handling as leaders and Team development along with soft- skills development so that they can establish themselves in the corporate world. d. Identifying new recruitment strategies which would benefit both the candidate and company. e. Revenue Generation from team for the Company i.e. Team Development. Support and Rewards & Recognition: 1. SUPPORT Full guidance, study material and support will be provided by the company guide or mentor along with access to various additional facilities.Students will be allowed to work from hometown location as per the preference as we highly practice "Work from Home" policy. 2. REWARDS & RECOGNITIONS : A. 'CERTIFICATE OF APPRECIATION' for all interns on Performance, Achievement and Work delievered. B. Foreign Tours for criteria achieved. C. Special ''Performance Linked Incentives'' for Revenue generation for the company. D. Spot Gifts for all Contest criteria achieved by Interns. SELECTION AND INTERVIEW PROCEDURE : The interview is currently going on in full swing and the students who intend to join can contact the following person- Location of Internship : Kolkata Only.( students from BIHAR, ORISSA and ASSAM can be considered.
IDBI Federal Life Insurance company is one of the fastest growing life insurance companies of India. The company is a joint venture of IDBI, India’s premier development and commercial bank and Federal Bank, one of India’s leading private sector banks and Ageas, a multinational insurance giant based out of Europe. The company’s innovation and growth strategy helped it scale great heights in the country only in 5 years within its commencement in 2008. The company boasts of a good portfolio of offering its customers with wealth management, protection and retirement solutions.