Young Managers Program
Future Generali India Life Insurance in association with knowledge partner Manipal Global presents the Young Managers Program.
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Young Managers Program
Future Generali India Life Insurance in association with knowledge partner Manipal Global presents the Young Managers Program. This unique initiative by Future Generali India Life Insurance is specially designed for graduates keen on pursuing a rewarding career in life insurance. The program is a strategic blend of academic excellence and extensive on-the-job training, which will fast-track your career to achieve your desired level of success.
Key Benefits of the Program
Be career-ready in just six months
Learn from the best in the insurance sector
On-the-job training. Earn while you learn
Post Graduate Diploma from Manipal Academy of Higher Education (MAHE)
Get employed with FGILI on the successful completion of the program
Program Outline
Term 1 (2 Months)
On campus at Manipal
Scholarship: 2,500 per month
Term 2 (2 Months)
On campus at Manipal
Scholarship: 2,500 per month
Term 3 (2 Months)
Internship at branches
Scholarship: 2,500 per month
Term 4 (6 Months)
On-the-job training at branches
16,000 per month
All these scholarships are sponsored by Future Generali India Life Insurance
Curriculum
- IC 38
- Life Insurance Products
- LAPAC Technique
- Business Communication
- Basics of IT / MIS
- Macro Economics, Financial Concepts and Tax Planning
- Introduction to Sales Channels - Agency, Direct and Bancassurance
- Recruitment & Training Process
- Sales & Customer Relationship Management
- New Business Documentation / Underwriting & TEBT Training
- Practice Sessions - Selling skills, Agency, Direct & Bancassurance
- 2 month's internship at company’s branch offices
- Understanding the sales function and business environment for different channels
- Understanding the products and branch operations
- 6 month's on-the-job training at company’s branch offices
- Hands-on experience of selling insurance products
Eligibility
AGE
Candidate must be up to 26 years of age as on 1st Jan of the calendar year of application.
Education
Graduate in any discipline from a government recognised university.
Program Fees and Funding
Course Fees
To pursue this course, the interested applicant will have to invest ₹1,50,000 plus GST. This amount will cover the tuition fees, boarding, lodging for the entire course.
Return On Investment
Course Fee 1,50,000
Scholarship 1,11,000
Effective Cost of the Program 39,000
Selection Process
Fast-track your way up the corporate ladder
About FUTURE GENERALI
Future Generali India Life Insurance Company Limited is a joint venture between three leading groups: Future Group, a leading retailer in India; Generali Group, a global insurance group that features amongst the top 50 largest companies in the world.
KNOW MORE
About MaGE
Manipal Global Education Services (www.manipalglobal.com), a part of the Manipal Education and Medical Group is a leading international provider of high-quality higher education services. The company is headquartered in Bengaluru which owns and operates university campuses in Malaysia, Antigua, Dubai and Nepal.
It has, over the years, built a significant footprint and is currently the largest education services provider in India, running six major campuses in five countries. It currently offers services and support to over 400,000 students, across its campuses.
FAQs
The Young Managers Program is a comprehensive curriculum comprising of classroom inputs, e-learning and on-the-job internship (with a Scholarship) and will impart knowledge and skills with respect to insurance sector, etiquette & grooming, enhanced communication skills and other soft skills.
The span of one year will be divided to
- 4 months of Classroom training
- 2 months of Internship at branch
- 6 months of On Job Training at any FGILI branch
Each Young Manager will be paid a monthly Scholarship of Rs.2, 500/- p.m. for the first 6 months to meet his/her out of pocket expenses and Rs. 16,000 per month during the OJT towards his/her living expenses.
Employment with FGILI will be assured upon the successful completion of the Program And will be paid a gross CTC of Rs. 3 Lakhs p.a inclusive of retirals.
A candidate has to meet Age & Qualification criteria as outlined in the programme.
The maximum age limit is 26 years, as on 1st Jan of the calendar year of application. And basic qualification includes – a graduate from any stream.
The Post Graduate Diploma in Life Insurance conducted by Manipal University in association with FGILI is a one-year program.
The screening will be through a four stage selection process of Application Screening followed by aptitude test , personal interview and merit list.
Aptitude Test: The Aptitude test will be of 2 hour duration and will be administered online. The test will assess the proficiency of each candidates in the areas of:
- Logic and reasoning skills
- English language skills
- Quantitative/numerical ability
- Personality assessment
FGILI reserves the right to hold a second stage of Aptitude test (if required for any reason) at its own discretion.
Personal Interview: All the applicants who successfully clear the Aptitude test will be moving for a Personal Interview. Candidates will be informed of their progress and status at each stage by an email.
Please do note that FGILI's decision pertaining to the selection will be final and binding.
FGILI will endeavour to give each applicant a test venue that is closest to his / her place of residence; however the same cannot be guaranteed.
The venue and centre allocated to the applicant will be mentioned in the call letter and the same will be final, no change in the test date, test time or test venue will be allowed post allocation.
Candidates will be intimated via an e-mail to their registered email ID or via an SMS to their registered mobile number.
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