Article: INDUSTRY AWARDS: Insurance companies

Employee Engagement

INDUSTRY AWARDS: Insurance companies

 #1. HDFC Standard Life Insurance The organization is committed to the development of its employees through various programs that motivate them to perform better. Employees at HDFC Standard Life Insurance are encouraged to communicate through the employee communication programs such as Sparsh and E-Sparsh, and their opinion is sought through other focused satisfaction surveys too. To help employees start each day on a positive note, the HR team has prepared the year’s calendar around the book ‘the Seven Habits of Highly Effective People’ and has made it available widely. Besides, a regular event such as ‘Mission in Genius’ is organized to recognize and reward knowledge on a national platform, and build a team spirit at the zonal/regional/branch levels. Employee feedback points towards an open culture of communication but also one that encourages discipline, continual learning and ethical practices.
 

Training is a continuous process for agents at Max New York Life and ensures development of skills and knowledge through a structured program spread over 500 hours in two years

 

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 #1. HDFC Standard Life Insurance

The organization is committed to the development of its employees through various programs that motivate them to perform better. Employees at HDFC Standard Life Insurance are encouraged to communicate through the employee communication programs such as Sparsh and E-Sparsh, and their opinion is sought through other focused satisfaction surveys too. To help employees start each day on a positive note, the HR team has prepared the year’s calendar around the book ‘the Seven Habits of Highly Effective People’ and has made it available widely. Besides, a regular event such as ‘Mission in Genius’ is organized to recognize and reward knowledge on a national platform, and build a team spirit at the zonal/regional/branch levels. Employee feedback points towards an open culture of communication but also one that encourages discipline, continual learning and ethical practices.

#2. Max New York Life Insurance Co. Ltd.

Being a part of the dynamic sales-driven Indian Insurance industry, Max New York Life Insurance Corporation Ltd. is by far the leading private sector life insurance company in India. The company invests significantly in its training program and each agent is trained for 152 hours as opposed to the mandatory 100 hours stipulated by the IRDA before beginning to sell in the marketplace. Training is a continuous process for agents at Max New York Life and ensures development of skills and knowledge through a structured program spread over 500 hours in two years. This focus on continuous quality training has resulted in the company having amongst the highest agent pass rate in IRDA examinations and the agents have the highest productivity among private life insurers. High performing employees are recognized and made to attend the Million Dollar Round Table Conference, which is an exclusive congregation of the world’s top selling insurance agents and is internationally recognized as the standard of excellence in the life insurance business.

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Topics: Employee Engagement, Culture, #BestPractices

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