NATIONAL INSURANCE ACADEMY
PUNE
P014 – YOUNG EXECUTIVES PROGRAMME FOR AAOs (LIC)
(2024 - 25)
Background:
The young and dynamic officers of L.I.C. of India
who currently hold positions at the level of Assistant Administrative
Officers/Administrative Officers/Assistant Engineers/Assistant Executive
Engineer are the future torch bearers of the Corporation. It is essential that
they are groomed to gain expertise in their job and to prepare them for future
challenges and responsibilities.
Objectives:
At the end of the programme participants shall be
able to:
§
Analyse
the various environmental factors and their impact on organizational operations.
§
Develop competencies
required for operating in a competitive market-driven environment.
§
Understand the basics of
change management.
§
Appreciate the need of
multiple channels of distribution and their management.
§
Understand the concepts
of financial management.
§
Internalize the
philosophy of HRM and other concepts like Key Result Areas (KRAs) and Key
Performance Areas (KPAs)
§
Understand the source
and use of data for effective decision making (Data Management &
Applications)
§
Leverage technology for
enhancement of performance
§
Empower them with the
knowledge of product development, valuation and other technical aspects of life
insurance.
§
Prepare officers for
Senior Positions and empowering them for the same.
§
Learn to do research
work.
Contents:
Environmental scanning with special focus on macro changes:
§
Global Insurance
Scenario
§
Latest Trends in Life
Insurance
§
Changing Customer
Profile
§
Competitor
Intelligence
Life Insurance Marketing
§
Issues in Insurance
Marketing
§
Customer Relationship
Management
§
Distribution Channels
and their management
§
Digital marketing
including social media marketing and E-commerce.
§
Reaching out to
Millennials
Finance & Accounting
§
Life
fund and its management
§
Solvency margin norms
§
Interpretation of
financial statements of Life Insurance companies /IND-AS/GAAP/IFRS
§
Convergence of financial
markets
§
Capital Markets
HR
§
Self-Awareness
§
Developing Leadership
Competencies
§
Team building
§
Business Ethics
§
Negotiation skills
§
Personal Effectiveness
§
Communication skills
/Business etiquettes
§
Presentation Skills
§
Decision Making Skills
§
Gender Sensitisation
§
Creative Thinking &
Problem Solving
Information Technology
§
Data
Analytics
§
Fintech & Insurtech
§
IT solutions for CRM
§
Data Security and Data
Integrity
§
Cyber Risks, Trends
& Management
§
Enterprise Risk
Management
Insurance - Technical
§
Appreciation of
actuarial techniques.
§
Product designing and
pricing.
§
Valuation aspects
§
Legal & Regulatory
Aspects
§
LIC in a listed
environment
§
Grievance Redressal
§
Introduction to Research
Methodology for Project Work
§
General / specific
project work relevant to his / her area of work to be given to the participants
at early stage by the coordinator.
§
R.T.I. Act and it`s
implementations.
Outbound Learning session- Experiential learning (2
Days)
Participants’
Profile:
§
All Direct Recruit
Assistant Administrative Officers (AAOs) of BO/DO/ZO/CO and promoted under 1B
below 40 years of age and who have not attended PYE P014 & P 709 earlier.
§
The
eligible officers to be nominated by respective
Zonal HRD and CO HRD
Duration:
12 days
Dates:
I.
06.05.2024 - 17.05.2024
II.
01.07.2024
- 12.07.2024
III.
19.08.2024 - 30.08.2024
IV.
25.11.2024 - 06.12.2024