NATIONAL INSURANCE ACADEMY
PUNE
P014 – YOUNG EXECUTIVES PROGRAMME FOR AAOs (LIC)
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:
Post IPO – Challenges & Opportunities
§
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
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 P014 & P
709 earlier.
§
The
eligible officers to be nominated by respective
Zonal HRD and CO HRD
Trainees nominated for this
programme in the last two years should not be renominated.
Duration:
12 days
I.
19.05.2025
- 30.05.2025
II.
15.09.2025
- 26.09.2025
III.
03.11.2025
- 14.11.2025
IV.
12.01.2026
- 23.01.2026