ATLANTA, Ga., Aug. 25, 2014 — NIIT Institute of Finance, Banking & Insurance Training Ltd. (IFBI), one of India’s largest banking training institute, announced the launch of a six-month insurance certification program where each student gets an opportunity to work under experienced mentors and understand the business dynamics.
Skilled professionals, graduates, and students who have successfully completed Grade XII in regular mode and, are in the 21-40 years age group can apply for this program. Candidates, successfully completing the program by meeting the performance criteria during the six-month training period at IFBI, will be absorbed by SBI General Insurance.
Ravi Khanna, Vice President of Human Resources and Learning at SBI General Insurance said, the program addresses the ever-increasing trained manpower requirement for the insurance sector.
“Our association with NIIT IFBI brings forth the best in terms of curriculum and faculty,” he said.
As per industry reports, the insurance sector which currently stands at $66.4 billion is poised to reach $ 350 billion by 2020. In India, owing to the demographic dividend, the sector is growing at a much faster rate, creating huge requirement for trained manpower. According to ASSOCHAM, this requirement is estimated at three million trained insurance professionals by 2030.
NIIT President Bimal Jain said that the primary objective is to offer a perfect balance of theoretical and professional exposure of working in the corporate world, thus creating seasoned professionals.
The program offers students the opportunity to work and understand the business dynamics via a two days in the classroom and a four-day on-the-job training with SBI General Insurance.
The students are assigned to a branch and an experienced Mentor from SBI General provides the required on-the-job training.
Students successfully completing the program get an opportunity to join SBI General Insurance either in bank assurance, agent handling or direct sales roles.
About NIIT
NIIT is a market-leading, global managed training services company with more than 30 years of experience in learning outsourcing. With a team of some of the world’s finest learning professionals and presence in 38 countries, we help the world’s leading companies dramatically improve the effectiveness and efficiency of their training.
