Selection and Recruitment of Life Advisors for Bharti-Axa Life Insurance Co Ltd.
Introduction:
The title of my project in Bharti-Axa life insurance co ltd was given to me by my mentor in the company . He is a agency manager in the company. He was very helpful and helped me during the course of my project.
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Life advisors: Life advisors have to do financial planning of his clients and sell financial solutions (policies) to them. They are paid on the commission basis which is the percentage of the premium of policies they have sold. The average commission is 18%. There are specific qualities they should have.
They are- ▪ He/She should possess good communication skills. ▪ They should have good contacts as it is the way a life advisors works on. ▪ He should be qualified.
Title: Recruitment and Selection of life advisors for axa Life Insurance co Ltd.
Objective: ▪ The objective of the project was to maximize the business of the company. The research exercise was expected to help in studying the problems faced by the company in recruiting life advisors. ▪ The recruitment activity done is the initial screening process, after which the prospective advisors would have to undergo an intense training as well they will have to clear a written exam as per the IRDA (insurance regulatory and development authority) norms, before they get their license and begin selling the policies. My role was be to search for people who could accomplish this task efficiently and with full dedication
Scope: ▪ Recruit life advisors and also to determine the factors affecting the recruitment of life advisors. ▪ My work extended to the limits of Pune Municipal Corporation. ▪ To understand the psychology and the reactions of the prospects when they are approached. ▪ To develop an overall view of the insurance sector in the company.
What is insurance? Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined
The title of my project in Bharti-Axa life insurance co ltd was given to me by my mentor in the company . He is a agency manager in the company. He was very helpful and helped me during the course of my project.
.
Life advisors: Life advisors have to do financial planning of his clients and sell financial solutions (policies) to them. They are paid on the commission basis which is the percentage of the premium of policies they have sold. The average commission is 18%. There are specific qualities they should have.
They are- ▪ He/She should possess good communication skills. ▪ They should have good contacts as it is the way a life advisors works on. ▪ He should be qualified.
Title: Recruitment and Selection of life advisors for axa Life Insurance co Ltd.
Objective: ▪ The objective of the project was to maximize the business of the company. The research exercise was expected to help in studying the problems faced by the company in recruiting life advisors. ▪ The recruitment activity done is the initial screening process, after which the prospective advisors would have to undergo an intense training as well they will have to clear a written exam as per the IRDA (insurance regulatory and development authority) norms, before they get their license and begin selling the policies. My role was be to search for people who could accomplish this task efficiently and with full dedication
Scope: ▪ Recruit life advisors and also to determine the factors affecting the recruitment of life advisors. ▪ My work extended to the limits of Pune Municipal Corporation. ▪ To understand the psychology and the reactions of the prospects when they are approached. ▪ To develop an overall view of the insurance sector in the company.
What is insurance? Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined