8/8/2019 HRS NITHYA

1/19

8/8/2019 HRS NITHYA

2/19

HDFC Standard Life Insurance Company Ltd:-It wasincorporated on 14th august 2000. It is a joint venturebetween Housing Development Finance CorporationLimited (HDFC Ltd.) India And UK based Standard LifeCompany. Both the joint venture partners being one of

the leaders in their respective areas came together inthis 81.4:18.6 joint venture to form HDFC StandardLifeInsurance Company Limited.

` Mr. Deepak Satwalekar is the MD and CEO of the

venture.` HDFC Standard Life Insurance Corporation is sure to

become one of the leaders and the first preference forany life insurance customer.

8/8/2019 HRS NITHYA

3/19

JOB ANALYSIS

Job analysis is the process of studying

and collecting information relating to

the operations and responsibilities of aspecific job.

8/8/2019 HRS NITHYA

4/19

8/8/2019 HRS NITHYA

5/19

1. Making new policies

2.Collecting renewal money

3.Reaching the target

4.He is responsible to SFCs and report him daily

5.He must coordinate and pass information from SFCS toarea manager

8/8/2019 HRS NITHYA

6/19

Criteria for FC:-

` He should be at least 12th passed.

` He should complete IRDA training.

`

He should clear the IRDA exam.` He should through successfully the exam and

training.

Some other criteria:-

`

He should have good personal contacts.` He should have convincing power.

` He should be above 18th year old.

8/8/2019 HRS NITHYA

7/19

1. ADVERTISING

2. CAMPUS RECRUITMENT3. CONSULTENCY

4. JOB FAIR

5. WALK INS

RECRUITMENT

8/8/2019 HRS NITHYA

8/19

1. Flexible work timings

2. Any one can join3. Zero Investment

4. Certificate by IRDA

5. Attractive Remuneration

EXCELLENT

OPPORTUNITY:-

8/8/2019 HRS NITHYA

9/19

Selection is a process of picking individuals with requisite

qualifications and competence to

fill jobs in the organization. Different sectors will

imply different patterns in recruiting and Selection.

SELECTION

8/8/2019 HRS NITHYA

10/19

fill up form

IRDA training(50hrs)

irda exam

Fail Pass

Exit Product Training

Traditional Pr. ULIP Product

Internal Assessment

Fail Pass

Exit Certification

8/8/2019 HRS NITHYA

11/19

1.Motivation

2.Communication

3.Patience

4.Understanding

TRAINING

8/8/2019 HRS NITHYA

12/19

` Financial Benefits: Commission on issuanceof every policy. Commission directly credited to bankaccount of FCs within 15 days. These commission

varies from 7.5-40% according to plan.

` BASIC COMMISSION

Name of the plan 1st yearcommission

Endowment Assurance plan 40%

Money Back plan 40%

Childrens plan 40%

Term Assurance plan 25%

Lone cover Term Assurance plan 25%

Personal Pension Plan 7.5%

8/8/2019 HRS NITHYA

13/19

RENEWAL COMMISSION:

Renewal commission would be paid from the 2nd year

onwards on regular premium policies. Renewal

commission is not payable on single premium plans.

Name of the plan Renewal commission 2nd

year onwards

Endowment Assurance plan 5%

Money Back Plan 5%

Childrens plan 5%

Lone cover Term Assurance Plan 5%

Term Assurance plan 5%

Personal Pension Plan 2%

8/8/2019 HRS NITHYA

14/19

REWARDS & RECOGNITION:-

Within 30 days of Licensing Consultant can become

` STAR Converted premium 2 Lacs

SilverMedal-Worth Rs 5200(approx)

` RISING STAR Converted premium of 5 Lacs

Gold Medal-Worth Rs 13,000(approx)` MILLIONAIRE STAR Converted premium of 10 Lacs

Gold Medal-Worth Rs 25,000(approx)

` GLOBAL STAR Converted premium of 24 Lacs

Gold Medal-Worth Rs 60,000(approx)

8/8/2019 HRS NITHYA

15/19

MONTHLY & QUARTERLY CONTESTS:-

` Gift Vouchers

` Home Appliances

` Two-Wheelers

` Gold/Diamonds Jewelry` Foreign Trips

` Mobile Phones

` Laptops

` Cars etc.

8/8/2019 HRS NITHYA

16/19

Placement is a process of assigning a specific

job to each of the selected candidates. It

involves assigning a specific rank and

responsibility to an individual. It impliesmatching the requirements of a job with the

qualifications of the candidate.

8/8/2019 HRS NITHYA

17/19

8/8/2019 HRS NITHYA

18/19

1.It gives a complete information aboutgoals and objectives of organisation

2.It helps to know the rules andregulations of firm

3. It brings confidence in employee

8/8/2019 HRS NITHYA

19/19