Royal Sundaram signs MoU with Manipal Global Academy of BFSI for a 1-year

Chennai, 19 February, 2018: Royal Sundaram General Insurance Co. Limited, India’s first private sector general insurance company, has signed a Memorandum of Understanding (MoU) with Manipal Global Academy of BFSI for a customised general insurance training program at the Manipal Global’s Academy of BFSI campus in Bangalore.

Thecandidates will undergo a one-year customised residential general insurancetraining program at Manipal Global Academy of BFSI. The one-year full timetraining program, will comprise of four months of training on-campus and twomonths of internship followed by six months of on–the–job training at RoyalSundaram. The course is designed to upskill prospective employees with theright domain knowledge, develop a broad understanding of the business, productsand processes that will help them perform on the job. 

The programentails the following:

·Businessunderstanding -Provides a broad understanding of the general Insuranceindustry, the customers and their needs, thorough case studies, advisory skillsand customer engagement.

·Product& process knowledge -The program shall impart relevant generalinsurance  knowledge (product, services sales & claims) to thecandidates enabling them to engage customers confidently and proactively

·Buildingattitude- The program will provide behavioural skillsets to the futureemployees to significantly enhance customer engagement through greaterownership and superior acquisition quality

·Values,ethics and compliance - Enabling the candidate to  sell generalinsurance products better with the help of required knowledge, skills,attitude, compliance, focus and the required certification as per regulatorynorms for selling general insurance products 

Speaking on the occasion,M S Sreedhar, CEO & Managing Director, Royal Sundaram General Insurance Co.Limited said, “We as a company have alwayshad the foresight to look at the bigger picture and we believe that acquiringthe right talent starts from the grassroots. The general insurance industry ispoised to leap into the next growth wave and we at Royal Sundaram will be partof that growth in grooming the next wave of industry-ready professionals. Hereis a course that enables the candidates to acquire the right attitude, values,ethics and compliance that will help them succeed in the industry.” 

Mr.Bimaljeet Singh Bhasin, Vice President, Enterprise Business, Manipal GlobalEducation Services (MaGE) said, “We are happy to partner with Royal Sundaramfor skilling its general insurance professionals. Insurance industry thrives onempathy and relationships. We are glad that Royal Sundaram is seriousabout its employees possessing sound business understanding, product andprocess knowledge, attitude and values. We are confident that the employees whoundergo this training program will be the ambassadors of Royal Sundaram andhelp expand its ‘good business’".

Mr.Rakesh Gupta, Chief Human Resources Officer, Royal Sundaram GeneralInsurance Co. Limited said, “This initiative will strengthen the Royal Sundaram Academy,the learning and development platform for existing and potential employees. Allcompany learning initiatives will be driven by it; one that will also helpbridge the gap in competencies available in the General Insurance industrytoday”.

Onsuccessful completion, students will be awarded a Post-Graduate Diploma inGeneral Insurance and will be offered direct employment at Royal Sundaram. Theaim of the General Insurance Training Program is to mould officers of highcalibre in the field of general insurance and create workforce that matches thecompany expectations and culture. The first part of the General InsuranceTraining Program will commence in June 2018 in Bangalore.  

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