Mumbai: Online higher education company, upGrad, has partnered with HDFC Life Insurance Company Limited, one of India’s leading long term life insurance solutions providers, to launch a Post Graduate Program in Life Insurance. This is a comprehensive 11-month post-graduation program which includes online learning, on-the-job training and internship experience. Post successful course completion, all learners secure a full-time job with HDFC Life.
There is a huge need to address the life insurance needs of Indians. In this scenario, the ground-level sales force has a key role to play.
The program has been developed keeping in mind the vast potential the industry has and the growth opportunities it can offer to young professionals having knowledge about the product category and the business. Through a 2-month online module, upGrad will be instrumental in training and developing young sales aspirants and getting them acquainted with the insurance sector. The faculty will include industry experts. On completion of the online course, students will get first-hand industry exposure through on-the-job training and internship. This course offers students the dual benefits of a PG Program in Life Insurance and a career opportunity with HDFC Life.
The course follows the ‘earn while you learn’ concept where students get a stipend during the on-the-job training phase and internship.
Rajendra Ghag, Chief Human Resource Officer, HDFC Life, said, “India is largely underpenetrated when it come to life insurance. The industry holds tremendous potential for growth. Distribution is a key aspect of the business. Through our association with upGrad, we are looking to boost the quality of sales professionals in the industry, while simultaneously providing job assurance to the candidates. We are positive that this partnership will bring to fruition our hopes for a promising number of candidates who will be eager to carve out their career path in this industry.”
Mayank Kumar, Co-Founder & MD, upGrad, said, “There’s a huge requirement for trained sales professionals in the life insurance sector. Being online, we are able to take quality education to scale across India, enabling people to start their career in the high growing insurance sector. HDFC Life is one of the most prestigious life insurance providers in the country and is one of the best brands to be associated with. At upGrad, we are focused towards providing career outcomes for our learners and this partnership is the first amongst many that we plan on launching.”