Enquire Now

About ITM

ITM founded in 1991, among the first private, non-aided business schools in India, quickly expanded its footprint, establishing its Bengaluru campus in 1992, Chennai campus in 1993 and Warangal campus in 1994. ITM established several other Institutions which includes ITM Global Leadership Center (2002), ITM Institute for Hospitality & Management (2002), ITM Institute for Financial Markets (2003), ITM Institute of Health Sciences (2008).

We are also one of the largest Executive Education providers, with over 17 locations in Mumbai, Delhi, Bengaluru, Pune, Chennai & Hyderabad. In 2009, ITM ventured into Engineering education with couple of acquisition of engineering colleges in Visakhapatnam AP & Nagpur MH. In 2010, launched Schools of Fashion, Hotel Management and more B- Schools.

About Chola MS General Insurance Company

Chola MS General Insurance Company Limited is a Joint Venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Limited, Japan.

Chola MS offers a wide range of insurance products that include Motor, Health, Property, Accident, Engineering, Liability, Marine, Travel and Crop insurance for individuals and corporates. In 2018, the company achieved a Gross Written Premium (GWP) of INR 41,026 million. Chola MS currently has 87 branches and over 34,000 agents across the country.

Chola MS champions a brand philosophy called T3, which stands for Trust, Transparency, and Technology. It has also been consistently recognised and awarded by the Government of India, international entities and ratings agencies for its insurance service and delivery innovations.

Program

Must be in a position to manage agents in the absence of the Branch Manager. Needs to handle agents Complaints and check policies before logging.
Achieve monthly targets for recruitment and activation of agents.
Achieve monthly targets for Gross Written Premium (GWP)
Should be adept at multi-tasking (handle SMO sales and operations on an on-going basis).
Will be responsible for branch walk-ins and reconciliations in the bank.
Will have to liaise with the respective teams at HO to ensure smooth functioning of the branch.
Responsible for the Kiosk machines and the accuracy of issuance of policies from them.
Responsible for MIS reports for the branch
Responsible for documents preparation for intermediary code.
Must be in a position to manage disputes arising during branch walk-ins.
Manage the channel – General Insurance Sales, agency, direct sales team etc.
The role as defined above is subject to change at the discretion of Chola MS GI.

STIPEND STRUCTURE
Tenor Activity Per month Total
3 months Residential Training Rs. 2,500/- Rs. 7,500/-
3 months Internship Rs. 10,000/-
Rs. 6,000/-
Rs. 30,000/-
Rs. 18,000/-
6 months On the Job Training Rs. 16,000/- Rs. 96,000/-
12 Months Rs. 1,33,500/- for Mumbai & Bangalore
Rs. 1,21,500/- for Other locations

After completion of training top 3 candidates will be awarded with prize money

After successful completion of 1 year training program, candidate will be absorbed as Assistant Branch Manager
on payroll of Chola People & Marketing services Ltd. with-

Fixed CTC plus incentives


Fees will be reimbursed after training period on yearly basis

After completion of Amount Reimbursed
1st Year Rs. 25,000/-
2nd Year Rs. 35,000/-
3rd Year Rs. 50,000/-
Stipend During Program Per Month Total Stipend Payable
6-months Residential Training Rs. 5,000/- P.M. Rs. 30,000/-
6-months OJT at branch Rs. 18,000/- P.M. Rs. 1,08,000/-
Total Stipend Payable by DHFL Rs. 1,38,000/-


Selection Process

Applicant is required to successfully clear the interview round with ITM and CIA followed by selection process to get enrolled for the
“Post Graduate Diploma in General Insurance” in CPMSPL.



Fees Structure

The total training program fee is Rs. 1,10,000/- all-inclusive the training fees includes all the expenses like lodging, boarding & training on campus During internship and OJT candidates need to take care of their living expenses like boarding, lodging and travel from their stipend.



Total Program Fee
Seat Reservation Fees (SRF) Rs. 10,000/-
Tution Fee Rs. 1,00,000/-
Total Fees Rs. 1,10,000/-
Self Funding Procedure
Fee Component Amount Covered Timeline of Payment
SRF Fees Rs. 10,000/- After Selection
1st Installment Rs. 50,000/- Before reporting to batch
2nd Installment Rs. 50,000/- By End of 1st Month training
Total Fees Rs. 1,10,000/-

Note:

Retention Bonus: Fees reimbursement scheme applicable after full time employment.

Loan Assistance will be provided depending upon the availability of required documents.