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CAMPUS TALENT PROGRAMME 2007 -08 CAMPUS TALENT PROGRAMME 2007 -08 ENSURANCE: ENSURANCE: commit, deliver, earn, learn, grow commit, deliver, earn, learn, grow

Sbi Life Ppt

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Page 1: Sbi Life Ppt

CAMPUS TALENT PROGRAMME CAMPUS TALENT PROGRAMME 2007 -082007 -08

ENSURANCE:ENSURANCE:

commit, deliver, earn, learn, growcommit, deliver, earn, learn, grow

Page 2: Sbi Life Ppt

Why Insurance sector?

Why Insurance sector?

Sunrise industry for private Insurers

Increasing awareness about the need of insurance

Huge market to be tapped

Page 3: Sbi Life Ppt

Ranks 3rd among all the private life insurance players

First private player to register net profit within 5 years

Market Leader in the Bancassurance segment

By March 2007, 6.4 million lives insured, the highest among Private Life Insurers

One of the best fund management expertise

Why SBI Life?

Page 4: Sbi Life Ppt

Brand Strength

Brand Appeal

Most Trusted Private Life Insurer (Source : The Economic Times- A.C. Nielson Survey of “Most Trusted Brands 2007”)

Ranked No.1 for Trust & Transparency(Source : Business World – “Most Respected Companies Survey”)

Advertising

SBI Life Pension Ad – “Old Boy” won Gold at Abby 2007.

SBI Life Pension ad – “Sister Act” won silver at Abby 2006

(Financial services category)

Page 5: Sbi Life Ppt

Financial Soundness

SBI Life has become the first life insurer in India to receive highest financial strength rating of AAA from CRISIL.

The AAA rating which CRISIL assigns is a clear assurance of SBI Life’s superior financial security and ability to meet its obligations to customers.

Financial Strength

Page 6: Sbi Life Ppt

SBI Life: 5 years of Steady SBI Life: 5 years of Steady GrowthGrowth

Premium Income

15 72226

601

1070.57

2928.48

0

500

1000

1500

2000

2500

3000

3500

2001-02 2002-03 2003-04 2004-05 2005-06 2006-07

Rs(

in C

rore

s)

Page 7: Sbi Life Ppt

Highest in Lives CoveredHighest in Lives Covered

0.18

4.7

13.92

25

43

65

0

10

20

30

40

50

60

70

2001-02 2002-03 2003-04 2004-05 2005-06 2006-07

Live

s co

vere

d (L

akhs

)

Page 8: Sbi Life Ppt

Association with trusted brands (SBI & Cardif)

Fast track career in a high growth industry

Cross-functional exposure

Opportunity for leadership and team management roles

Performance based reward system.

Top management support for young blood

What’s in it for youWhat’s in it for you

Page 9: Sbi Life Ppt

Distribution Channels Bancassurance Retail Agency and Institutional AlliancesCorporate Group Business

Back OfficeOperationsUnderwriting

ActuaryInvestments Finance & accountsIT HR and TrainingInternal AuditLegal & Compliance

Career OpportunitiesCareer Opportunities

Page 10: Sbi Life Ppt

Probation Period: 1 year

Induction as Management Trainee

Exhaustive Training - on the job, across all functions

Final deployment

As Assistant Manager on successful completion of one year probation period.

Schedule during training

Page 11: Sbi Life Ppt

Salary Component Amt per month

(Rs) Amt per

annum (Rs)

Total Monthly Salary (A) Salary shall include Basic Salary, House Rent Allowance, Conveyance & Special Allowance

30,395 3,64,744

Total Reimbursement (B) Reimbursements shall include Food (Coupons), Medical, Telephone & LTA

2,640 31,683

Total Retiral (C)

Retirement benefits shall include PF & Gratuity

2,381 28,573

Fixed Compensation (A+B+C) 35,417 425,000

Performance linked Variable Pay as per Company policy up to

1,48,750

Potential Annual Remuneration 5,74,000

on Cost to Company Basis

Remuneration

Page 12: Sbi Life Ppt

Verbal and Numerical Ability Test

Psychometric Test

Group Discussion

Personal Interviews

Selection Procedure

Page 13: Sbi Life Ppt

Those whoThose who

have unquestionable Integrity

have long term vision

have high commitment

are mobile

are driven to deliver

are adaptable

People we wantPeople we want

Page 14: Sbi Life Ppt

Meritocracy

Transparency and fairness

Role clarity

Career, not just job

Learning environment

Tolerance for honest mistakes

Breadth of portfolios - Meaty roles for those with a positive attitude and hunger for achievement and learning

SBI Life & You-What you can expect SBI Life & You-What you can expect from usfrom us

Page 15: Sbi Life Ppt