Summer Internship Program

IDBI Federal Life Insurance Co. Ltd

A joint venture between three leading financial conglomerates India s premier development and commercial bank, IDBI  India s leading private sector bank, Federal Bank, India and  Europe s premier Bancassurer, Fortis, Netherlands  IDBI owns 48% equity, Federal Bank and Fortis
IDBI Bank 48% Federal Bank 26%

own 26% equity each.  Registered as a Life Insurer under Section 3 of

Fortis 26%

the Insurance Act, 1938 with IRDA on December 19, 2007.

Our Success Mantra

 At IDBI Federal we endeavor to deliver products that provide value and convenience to the customer.  Through a continuous process of innovation in product and service delivery we intend to deliver world-class wealth management, protection and retirement solutions to Indian customers...

Why Summer Trainees?

We believe, Summer trainees with little or no work experience, can bring a lot of positiveness to the organization in many ways as they come with:  No prejudices  No preconceived notions  No inhibitions  No baggage  Overall, they are positive, vibrant and bring freshness and vigor into work.

Why IDBI Federal Life Insurance?

Association with India s fastest growing life insurance
companies.

On successful completion students will be eligible to

compete for the Best Project Certificate and the Best Performance Certificate from the company.

Hands on exposure to help develop strategic thought and

business acumen.

Opportunity to contribute positively on a live project to

enhance perspective and further understanding of business concepts.

Learning's
      Students will learn about Insurance market research(tools- Excel and SPSS) case study discussions some core HR, Finance and Marketing topics some management games.

Learning's in insurance
 Basic principles of Insurance  Under writing process  Basic products in insurance  Claims management.

Learning's in Marketing
       7 p s of marketing Segmentation, targeting & positioning(STP) Integrated marketing communications Consumer behavior & buying decision process Branding and its terminology Product life cycle and BCG matrix. Market research i. Preparation questionnaire ii. data collection methods iii. analysis using SPSS & Excel tools.

Learning's in Finance
 Basic accounting principles  Accounting standards related to insurance industry  Ratio analysis  Financial management overview  Taxation.

Learning's in HR
 Organizational development  Training and development  Stress management  Motivation concepts  Some management Games.

Learning's in case study discussions

 Black Berry  Starbucks  Wall mart  Coca cola  South west airlines

Project Details

Sales