NATIONAL
INSURANCE ACADEMY
PUNE
P014 –YOUNG EXECUTIVES PROGRAMME FOR AAOs (LIC)
(2023-24)
Background:
At the end of the
programme participants shall be able to:
Ø
Analyse
the various environmental factors and their impact on organizational operations.
Ø
Develop
competencies required for operating in a competitive market-driven environment.
Ø
Understand
the basics of change management.
Ø
Appreciate
the need of multiple channels of distribution and their management.
Ø
Understand
the concepts of financial management.
Ø
Internalize
the philosophy of HRM and other concepts like Key Result Areas (KRAs) and Key
Performance Areas (KPAs)
Ø
Understand
the source and use of data for effective decision making (Data Management &
Applications)
Ø
Leverage
technology for enhancement of performance
Ø
Empower
them with the knowledge of product development, valuation and other technical
aspects of life insurance.
Ø
Prepare
officers for Senior Positions and empowering them for the same.
Ø
Learn
to do research work.
Environmental scanning with special focus on macro
changes:
Ø
Global
Insurance Scenario
Ø
Latest
Trends In Life Insurance
Ø
Changing
Customer Profile
Ø
Competitor
Intelligence
Life Insurance Marketing
Ø
Issues
in Insurance Marketing
Ø
Customer
Relationship Management
Ø
Distribution
Channels and their management
Ø
Digital
marketing including social media marketing and E-commerce.
Ø
Reaching
out to Millennials
Ø
Solvency
margin norms
Ø
Interpretation
of financial statements of Life Insurance companies /IND-AS/GAAP/IFRS
Ø
Convergence
of financial markets
Ø
Capital
Markets
Ø
Self-Awareness
Ø
Developing
Leadership Competencies
Ø
Team
building
Ø
Business
Ethics
Ø
Negotiation
skills
Ø
Personal
Effectiveness
Ø
Communication
skills /Business etiquettes
Ø
Presentation
Skills
Ø
Decision
Making Skills
Ø
Gender
Sensitisation
Ø Creative Thinking & Problem Solving
Information Technology
Ø
Data
Analytics
Ø
Fintech
& InsureTech
Ø
IT
solutions for CRM
Ø
Data
Security and Data Integrity
Ø
Cyber
Risks, Trends & Management
Ø
Enterprise
Risk Management
Ø
Appreciation
of actuarial techniques.
Ø
Product
designing and pricing.
Ø
Valuation
aspects
Ø
Legal
& Regulatory Aspects
Ø
LIC
in a listed environment
Ø
Grievance
Redressal
Ø
Introduction to Research
Methodology for Project Work
Ø
General
/ specific project work relevant to his / her area of work to be given to the
participants at early stage by the coordinator.
Ø
R.T.I.
Act and it`s implementations.
Outbound Learning session- Experiential learning (2
Days)
·
All
Confirmed 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
I.
08.05.2023-
19.05.2023
II.
17.07.2023-28.07.2023
III.
20.11.2023-01.12.2023
IV.
05.02.2024-16.02.2024