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Bharti AXA Life Insurance . Welcomes you. Agenda:. Introduction to Insurance industry Insurance The Regulator Discovery of Bharti AXA The Joint Venture Bharti AXA Opportunity As Project Trainee. What's in it for me? How it will help? Rewards & Recognitions.
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Bharti AXA Life Insurance Welcomes you
Agenda: • Introduction to Insurance industry • Insurance • The Regulator • Discovery of Bharti AXA • The Joint Venture • Bharti • AXA • Opportunity As Project Trainee. • What's in it for me? • How it will help? • Rewards & Recognitions. • Steps towards becoming a PT?
The Regulator • Insurance Regulatory & Development Authority • The laws which regulate the business, • Insurance Act 1938 • The Insurance Regulatory & Development Authority Act 1999 • Life Insurance Corporation Act 1956 • General Business (Nationalization) Act 1972 • The limit of the Foreign Direct Investment (FDI) in a life insurance joint venture is maximum 26%.
The Opportunity About 2/3rd of the Indian population is ‘insurable’! Source IRDA / CIA Population 109,53,51,995 crores as on July 2006 estimated
The Opportunity We Indians are ‘natural savers’ Source IRDA Journal
Congratulation Is growing @ 30-40% Existing penetration ratios are very low High % of population is uninsured or underinsured Indians are natural Saver in the world
A True Success Story Man Behind Bharti
Bharti Enterprises Sunil Bharti Mittal Chairman and Managing Director of Bharti Group • Bharti Airtel • Bharti Teletech • Telecom Seychelles • Comviva Technologies Ltd • FieldFresh Foods Pvt. Ltd • Bharti Retail • Bharti AXA General Insurance • Bharti AXA Life Insurance • Bharti AXA Investment Managers • Centum Learning Limited • Jersey Airtel • Guernsey Airtel • Bharti Foundation • Bharti Realty • Bharti Infratel Bharti Enterprises is one of India’s leading business groups with interests in telecom, agri-business, financial services and retail.
Australia New Zealand Hong Kong China Singapore Thailand Indonesia Philippines AXA AXA is one amongst the worldwide leaders in Financial Protection. AXA operates across Europe, North America and Asia/ Pacific.
The Giant Foundation Bharti • A trusted brand name • All India presence • Largest in the telecom industry • Strong financial base AXA • A trusted brand name • Global presence • Largest in the insurance industry (in terms of revenue) • Strong financial base
Bharti AXA Life Insurance is a joint venture between Bharti, one of India’s leading business groups with interests in telecom, agriculture business & retail, and AXA, world leader in financial protection and wealth management. • The joint venture company has a 74% stake from Bharti and 26% stake of AXA. • Bharti AXA Life Insurance Company Limited started operations in Dec. 2006 • Bharti AXA Life is one of the newest and fastest growing life insurance companies in the country. Bharti AXA Life Insurance Company
Bharti AXA Life is operating out of 140 branches PAN India, 292 ARCs,106 AEOs, 459 DSAs, 4245 BTTL retailers across the country. • LA base of more than 15,000 and DSF FO/FE base of more than 400 ARC – Airtel Relationship Centre AEO – Airtel exclusive outlet DSA – Direct sales agent BTTL – Bharti tele tech limited LA – Life advisor DSF – Direct sales force FO / FE – Field officer / executive *Source: Branch communication Pack March 2010 Bharti AXA Life Insurance Company
Our Vision To be a leader and the preferred company for financial protection and wealth management in India. Our Vision
Opportunity with Bharti AXA • Industry exposure • Career opportunity • Rewards and recognition • Project duration - 1 month to 4 month Project Trainee
The Project :- • Streams available • Agency Sales • In Agency Sales: • Distribution Build up The Project & Trainee Role Trainee Role :- • Identify and recruit Prospective Life Advisor’s for Bharti AXA. • Ensure the Life Advisor complete mandatory training & clear the examination
Certificates after the completion of 1 to 4 months (as agreed duration). • High performing PTs can be absorbed by the Company for suitable positions, post successful completion of Graduation / Post Graduate . • Fast track career progression with Bharti AXA. And.. Project Trainee What’s in it for me?
Slabs No. of LA Recruitment 1 to 2 Rs. 500 per Life Advisor Recruitment 3 to 4 Rs. 1000 per Life Advisor Recruitment Rs. 1500 per Life Advisor Recruitment 5 and above What’s in it for me? • As per Bharti AXA LA Recruitment Process • PT is Not Suppose sale policy by their own and they will not get any incentive or Commissions • On business apart from above mention payout. • This is paid on monthly basis
Submission of application • Interview by the BSM and ADM • Selection • Welcome letter for each PT selected • Remuneration as per the slab at the end of the project. Next steps
Branch address: Bharti AXA Life Insurance Company Ltd. • Contact Number: Mr. Stephen Nadar Agency Development Manager 9900000000 Email: abc@bharti-axalife.com Contact Details