At IDBI Federal Life Insurance, we invest in the talent that we acquire and provide them with exciting opportunities from time to time which can make people to consider insurance as a long term career. We invest in this team and provide them with exciting opportunities from time to time that can make them look at insurance as a long term career.
Let's address the myths about choosing a career in Life Insurance, below:
Myth : The life insurance industry is highly competitive, hence getting saturated
Fact : Contrary to popular belief the life insurance industry in India is still growing at a higher rate than most other industries and the life insurance penetration as a percentage of GDP continues to be below the world average, which means that life insurance still has a long way to go before it becomes saturated.
Myth : People prefer other investments over life insurance
Fact : While insurance is preferred over mutual funds and direct equities, majority of Indians still invest in post office and bank deposits. Wealthsurance™ is an innovative look at insurance, it comes with a unique proposition, that delivers greater value than other investments.
Myth : Sales targets in life insurance are unreasonably high
Fact : At IDBI Federal, we look at the entire category differently. We have put in huge efforts to make our products more attractive for our customers, easing the entire sales effort. Our teams have been consistently performing much above targets.
Myth : The Company sets high expectations but offers no support
Fact : At IDBI Federal, we have a different philosophy. We dedicate time & effort in creating sales aid and training aids that empower our teams to perform.
Myth : The job is insecure
Fact : At IDBI Federal, ample training and tools are created to help you perform. We help you look at life insurance as a career, giving you opportunities at different stage to grow and excel. This long term outlook and goal-orientation with timely encouragement should help you perform and hence build job security.
Myth : There is no career progression
Fact : With Careersurance™, we help you look at your career path with us. In fact, our compensation plan also has a well laid progression for every level. Employees can get promoted up to 4 levels within 6 months!
Myth : All agents are already tied up. I cannot recruit anymore
Fact : The market is still untapped. With the growing needs, more and more people need an alternate source of income. Moreover, being an under-insured country with a rapidly growing per capita income, the stage is set for exponential growth.