Summer Internship Program

2009-10
Why Summer Trainees?
We believe, Summer trainees with little or no work experience, can bring a lot of

positiveness to the organization in many ways as they come with:

 No prejudices

 No preconceived notions

 No inhibitions

 No baggage

 Overall, they are positive, vibrant and bring freshness and vigor into work.
IDBI Fortis Life Insurance Co. Ltd
A joint venture between three leading financial conglomerates-

- India’s premier development and commercial bank, IDBI

- India’s leading private sector bank, Federal Bank, India and
- Europe’s premier Bancassurer, Fortis, Netherlands

• IDBI owns 48% equity, Federal Bank and Fortis

Federal Bank
26% own 26% equity each.
IDBI
Bank • Registered as a Life Insurer under Section 3 of
48%
Fortis the Insurance Act, 1938 with IRDA on
26%
December 19, 2007
Our Success Mantra

 At IDBI Fortis we endeavor to deliver products that provide value and

convenience to the customer.

 Through a continuous process of innovation in product and service

delivery we intend to deliver world-class wealth management, protection

and retirement solutions to Indian customers...

Why IDBI Fortis?
 Association with India’s fastest growing life insurance

companies.

 On successful completion students will be eligible to

compete for the ‘Best Project Certificate’ and the ‘Best

Performance Certificate’ from the company.

 Hands on exposure to help develop strategic thought and business acumen

 Opportunity to contribute positively on a live project to enhance perspective and

further understanding of business concepts

Project Details
Department Sales
Sub Department Agency & Alliances
Location Various across South India

Role:
Prospect, meet & convert potential customers to achieve direct sales targets.
Target:
1.5 lacs of received premium with 3 proposals in a month
Stipend

 The stipend amount is Rs. 18000 and will be paid at the end of the internship

 Students need to complete a minimum level of business to qualify for the

stipend

 Students who do not achieve their targets will be eligible for a variable stipend

depending on their performance

 Students who overachieve their targets will be eligible for incentives

Process

Personal Interview
GD – Group
with Shortlisted Offer
Discussion
students
Enabling you to perform..

 IDBI Fortis will impart detailed product training to

all trainees

 Students will receive telephonic support from the

Manager Distribution for all their queries

 They need not report to office unless they are

called for during meetings and trainings

Any Questions?