HDFC UPGRAD PGPLI PROGRAM
About HDFC LIFE
Established in 2000, HDFC Life is one of India’s leading life insurance companies, offering a range of individual and group insurance solutions that meet various life stage needs of customers.The products include Protection, Pension, Savings & Investments, Health, etc.
HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (‘HDFC Life’ / ‘Company’) is a joint venture between HDFC Ltd., one of India’s leading housing finance institution and Standard Life Aberdeen, a global investment company.
HDFC Life continues to benefit from its presence across the country with 412 branches and additional distribution touchpoints through several partnerships. The partnerships comprise 265 bancassurance partners including NBFCs (Non-Banking Financial Companies), MFIs (Micro Finance Institutions), SFBs (Small Finance Banks), etc. and 39 partnerships within non-traditional ecosystems. The Company is also strengthened by a strong base of financial consultants.
The Promoters of our Company are Housing Development Finance Corporation Limited (“HDFC Limited”), Standard Life (Mauritius Holdings) 2006 Limited (“Standard Life Mauritius”) and Standard Life Aberdeen plc (“Standard Life Aberdeen”).
ABOUT INSURANCE INDUSTRY
The insurance industry of India consists of 63 insurance companies of which 24 are in life insurance business and 39 are non-life insurers.
Gross premiums written in India reached Rs 5.53 trillion (US$ 94.48 billion) in FY18, with Rs 4.58 trillion (US$ 71.1 billion) from life insurance and Rs 1.51 trillion (US$ 23.38 billion) from non-life insurance. Overall insurance penetration (premiums as % of GDP) in India reached 3.69 per cent in 2017 from 2.71 per cent in 2001.
In FY19 (up to Jan 2019), premium from new life insurance business increased 3.91 per cent year-on-year to Rs 1.59 trillion (US$ 22.04 billion). In FY19 (up to Jan 2019), gross direct premiums of non-life insurers reached Rs 1.39 trillion (US$ 19.28 billion), showing a year-on-year growth rate of 12.65 per cent.
The future looks promising for the life insurance industry with several changes in regulatory framework which will lead to further change in the way the industry conducts its business and engages with its customers.
The overall insurance industry is expected to reach US$ 280 billion by 2020. Life insurance industry in the country is expected grow by 12-15 per cent annually for the next three to five years.
Demographic factors such as growing middle class, young insurable population and growing awareness of the need for protection and retirement planning will support the growth of Indian life insurance.
About PGPLI Program
Post Graduate in Life Insurance (PGPLI) program is a program developed by UPGRAD along with HDFC LIFE for fresher’s to undertake and get 100% Job guarantee on successful completion of the 11 month program
The program is as under:
2 Months Online
Fully online training where you can learn at your own pace and place
- Web Based Modules
- Practice Quiz
- Case Studies and Assignments
- Interaction with Peer Students & industry Experts
2 Months On The Job
On job Training at a HDFC Life Branch from your Base Location
- Real-Life Exposure to a Corporate Work Environment
- Interaction with Mentors
- Opportunities to Practice and Develop Selling and Customer Interaction Skills in Safe, Simulated Scenarios
7 Months Internship
Entry into the Real World of Selling at Designated HDFC Life Branch
- Work as Part of a HDFC Life’s Distribution Channel
- Experience the Real World of Sales: Targets, Customers, Pitching, Negotiation, and Deal Closure
At HDFC Life, you will be part of a Vibrant, Young Organization that is India’s Well Known Brand and a Great Place to Work
Opportunity to Grow at a Higher Level after 12 months of Joining
Rise through the ranks to take on Managerial and Leadership Roles within the Sales Hierarchy
Apply for jobs in other Functions within HDFC Life, as per the defined policy
Earn Rewards and Recognition that are directly linked to your Performance