Royal Sundaram General Insurance Co. Limited, India’s first
private sector general insurance company, has signed a Memorandum of
Understanding (MoU) with Manipal Global Academy of BFSI for a customised
general insurance training program at the Manipal Global’s Academy of BFSI
campus in Bangalore.
The candidates will undergo a one-year customised residential
general insurance training program at Manipal Global Academy of BFSI. The
one-year full time training program, will comprise of four months of training
on-campus and two months of internship followed by six months of on–the–job
training at Royal Sundaram. The course is designed to upskill prospective
employees with the right domain knowledge, develop a broad understanding of the
business, products and processes that will help them perform on the job.
The program entails the following:
· Business understanding -Provides a broad understanding of the general
Insurance industry, the customers and their needs, thorough case studies,
advisory skills and customer engagement.
· Product & process knowledge -The program shall impart relevant general
insurance knowledge (product, services sales & claims) to the
candidates enabling them to engage customers confidently and proactively
· Building attitude- The program will provide behavioural skillsets to
the future employees to significantly enhance customer engagement through
greater ownership and superior acquisition quality
· Values, ethics and compliance - Enabling the candidate to sell general
insurance products better with the help of required knowledge, skills,
attitude, compliance, focus and the required certification as per regulatory
norms for selling general insurance products
Speaking on the occasion, M S Sreedhar, CEO &
Managing Director, Royal Sundaram General Insurance Co. Limited said, “We as a company have
always had the foresight to look at the bigger picture and we believe that
acquiring the right talent starts from the grassroots. The general insurance
industry is poised to leap into the next growth wave and we at Royal Sundaram
will be part of that growth in grooming the next wave of industry-ready
professionals. Here is a course that enables the candidates to acquire the
right attitude, values, ethics and compliance that will help them succeed in
the industry.”
Bimaljeet Singh Bhasin, Vice President,
Enterprise Business, Manipal Global Education Services (MaGE) said, “We are happy to partner
with Royal Sundaram for skilling its general
insurance professionals. Insurance industry thrives on empathy and relationships. We are glad
that Royal Sundaram is serious about its employees
possessing sound business understanding, product and process knowledge,
attitude and values. We are confident that the employees who undergo this
training program will be the ambassadors of Royal Sundaram and help expand its
‘good business’".
Rakesh Gupta, Chief Human Resources
Officer, Royal Sundaram General
Insurance Co. Limited said, “This initiative
will strengthen the Royal Sundaram Academy, the learning and development
platform for existing and potential employees. All company learning initiatives
will be driven by it; one that will also help bridge the gap in competencies
available in the General Insurance industry today”.
On successful completion, students will be awarded a
Post-Graduate Diploma in General Insurance and will be offered direct
employment at Royal Sundaram. The aim of the General Insurance Training Program
is to mould officers of high calibre in the field of general insurance and
create workforce that matches the company expectations and culture. The first
part of the General Insurance Training Program will commence in June 2018 in
Bangalore.
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