Life Insurance Corporation of India is inviting applications for the post of Insurance Sales Executive for the year 2024. Here is everything that you need to know about this LIC of India Internship!
About Life Insurance Corporation of India (LIC)
The Life Insurance Corporation of India (LIC) is a government-owned insurance and investment company in India. It is owned by the Ministry of Finance of the Government of India. It was founded on September 1, 1956, when the Indian Parliament passed the Life Insurance of India Act, which nationalised the country’s insurance industry. The state-owned Life Insurance Corporation of India was formed through the merger of over 245 insurance companies and provident societies.
The Life Insurance Corporation of India had a total life fund of 28.3 trillion rupees as of 2019. In the 2018–19 fiscal year, the total value of sold insurance was $21.4 million. In the fiscal year 2018–19, the Life Insurance Corporation of India settled 26 million claims. Its policyholders number 290 million. It has 290 million policy holders.
The primary goal of LIC is to extend insurance products throughout India, particularly in urban and economically backward areas, and to provide low-cost financial insurance against death.
Roles & Responsibilities
- Support the creation and application of lead-generating marketing strategies.
- Find target markets and prospective clients by conducting market research.
- Work together to finish deals and generate sales possibilities with the sales team.
- Offer clients outstanding customer service and respond to any questions or issues they may have.
- Recognizing the client’s financial requirements and recommending a financial plan in line with those requirements.
- Participate in workshops and training sessions to improve your insurance product knowledge and sales abilities.
- Collaborate closely with senior sales leaders to acquire important expertise in the field and understand best practices.
Location
Mumbai
Duration
The LIC of India internship will be for a period of 6 months.
Perks
Stipend: Rs.7,000 / month
Certificate & Letter of Recommendation
Deadline to Apply
The last date of applying for this internship is 6th December, 2024.
How To Apply For This Internship?
To apply for the LIC of India internship, click here.
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