NATIONAL INSURANCE ACADEMY

PUNE

 

P598 - BEST PRACTICES IN MARKETING (LIFE)

(2025 - 26)

 

Background:

 

InsureTech is the new disruption in the insurance industry-both in marketing and customer service. Insurance Companies are fast adapting to this change and making it possible for them to reach out to potential customers at the micro level.  Added to this, the millennials are setting the rules of the game as never before that is posing a heavy challenge for insurance companies.

 

The marketing officials need to constantly innovate themselves at the product level and at the distribution level to be relevant and to grow.

 

Objectives:

 

The participants will have an overall understanding on the:

§  Global Marketing trends in Life products

§  The competitors, their products, and their marketing strategies

§  Marketing bounds

§  Target identification

§  Best practices across the globe

§  Develop awareness of the concerns, issues, and challenges of a dynamic market

§  Enrich his skill level as a line manager.

§  Develop the required proficiency in managing resources for optimal results

 

Contents:

 

§  LIC Post IPO – Challenges & Opportunities

§  Opportunities in the future financial markets

§  Trends in Life Insurance Marketing in India and Globally

§  Impact of Fin Tech and Insure Tech in Life Insurance

§  Market segmentation – Changes in   approach

§  Emerging trends in Customer Engagement

§  Getting the best of the distribution channels

§  Data analytics and predictive marketing

§  Blue Ocean Theory

§  Leveraging opportunities in Women Segment

§  Marketing of and discussions on ULIP, Pension, Micro-insurance and Health insurance

§  IRDAI Guidelines relevant to marketing of different types of products 

§  Communication Skills

§  Marketing Strategies

§  Innovation and Creativity

§  Leadership Skills

§  Conflict Management and Negotiation Skills

§  Market Intelligence

§  Inter-Personal Relations

§  Business Ethics

§  Digital & Social Media Marketing

§  Team Building

§  Brand Management

§  Tax aspect - HUF & MWP act

§  Behavioral aspects pertinent to branch stakeholders and other relevant groups

§  Life Insurance Marketing- Trends and Tools with Practical Aspects

§  Use of Digital Apps in Marketing

§  MS Excel Hands-on

§  Opportunities in G & U Segment

§  Personal Financial Planning as a Marketing Tool

 

Participant’s profile:   

 

Chief Managers/Sr. Branch Managers and Branch Managers of SO/BO to be nominated by the HRD Departments of Zonal Offices.

 

Trainees nominated for this programme in the last two years should not be renominated.

 

Duration:  3 days

 

Dates:            

          I.     05.05.2025 - 07.05.2025          

       II.     23.06.2025 - 25.06.2025          

    III.     06.08.2025 - 08.08.2025          

    IV.     08.09.2025 - 10.09.2025          

       V.     06.10.2025 - 08.10.2025          

    VI.     10.11.2025 - 12.11.2025