HDFC Life Insurance has joined hands with online education company upGrad for introducing an 11-month post-graduate programme in life insurance. The course fee is Rs 99,000, while the students can earn Rs 1.1 lakh through on-the-job training and internships.
Under this programme, a two-month online course, two-month on-the-job training and a seven-month internship with HDFC Life will be included. After the completion of the course, the students will be becoming a part of the HDFC Life sales team.
Vibhash Naik, EVP (HR and L&D) at HDFC Life, said, "While the company hires from the lateral market, the problem is not all graduates are employable. Through this programme, we get access to a talent pool that is trained for the job and they also get a fair view of the sector."
Mayank Kumar, Co-Founder and MD, upGrad, stated, "Sales is not considered a top-notch role in the insurance space and attrition is also high. Despite hiring people from the market, the insurance companies end up spending a lot of money on training and development. This programme gives them a full-fledged exposure and helps them build a foundation."
