ICICI Prudential Life Partners with IIM-C to Launch Executive Program in Insurance & Management

ICICI Prudential Life Partners with IIM-C to Launch Executive Program in Insurance & Management

ICICI Prudential Life Insurance, partnered with Indian Institute of Management, Calcutta (IIM-C), to announce the launch of the Executive Program in Management & Insurance (EPMI). This is an exclusive and first of its kind tie-up

in the Indian life insurance industry to offer a specialized management program focusing on the insurance industry. The MoU was signed between Mr. Judhajit Das, Chief Human Resources, ICICI Prudential Life Insurance Company and Prof. Saibal Chattyopadhyay, Dean, Indian Institute of Management, Calcutta.

Speaking on the occasion, Mr. Judhajit Das, Chief Human Resources, ICICI Prudential Life Insurance, said, "With the boom in the Indian insurance industry over the last few years, there is an increasing need for skilled professionals in the sector. An effective solution to this situation is a strong industry-academia partnership that will help create a ready pool of productive talent. Keeping this approach in mind, we have partnered with the country's premier management institute to provide the relevant academic edge to the students through a comprehensive curriculum, that will empower them to take on the challenges at work from the very first day." "On successful completion of the course, they will be able to take on leadership positions in the organization, he added.

Prof. Saibal Chattyopadhyay, Dean, Indian Institute Management, Calcutta, said, "As a leading institute in management, we play a pioneering role in designing courses to cater to the ever-increasing learning and developmental needs of the various industries. EPMI is designed with the dual benefit of developing a pool of high quality talent for the life insurance industrym and later provide them a growth platform at ICICI Prudential Life. Through our partnership with ICICI Prudential Lifem we intend to successfully leverage their expertise in the field of insurance and combine it with relevant academic and the management edge within the classroom environment."

Executive Program in Insurance & Management

EPMI is the first of its kind program in India that offers intensive training in the various specialized functions of life insurance & management. The one-year full-time professional training program comprises both theoretical and practical inputs. The 12-month executive program will include 10 months of classroom training and 2 months of internship with ICICI Prudential Life Insurance.

In order to bring in the industry perspective in a classroom environment, the course curricula has been developed together by ICICI Prudential Life and IIM-C. On successful completion, these professionals are absorbed in the managerial cadre of ICICI Prudential Life's sales and distribution functions.

The selection procedure for the EPMI program will include an Aptitude Test and Group Discussion followed by Personal Interview. Once the student has cleared the process, he/she will be signed-up for the program and will be handed an offer letter from ICICI Prudential Life on the very first day of the program. The first batch will commence from August 2008 at IIM Calcutta. The course fee for this One Year Executive Program in Insurance & Management is Rs. 2.10 Lakhs, only.

Concluded.

Contributed by -
Aloke Guin,
PRO,
IIM Calcutta.

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