25 Jun 2020

Placement Drive of  Chola MS General Insurance Company Limited 


Dev Bhoomi Group of Institutions.
Job Description  

Placement Drive of  Chola MS General Insurance Company Limited

1Name of the CompanyChola MS General Insurance Company Limited
2Date of RegistrationJune 25 , 2020
3Company ProfileChola MS General Insurance Company Limited is a Joint Venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Limited, Japan. Chola MS offers a wide range of insurance products that include Motor, Health, Accident, Travel, Property, Engineering, Liability and Marine insurance for individuals and corporates. In 2018-19, the company achieved a Gross Written Premium (GWP) of INR 44,281 million. Chola MS currently has 136 branches and over 60,000 agents across the country.
4Company Websitehttps://www.cholainsurance.com/
5Eligibilty CriteriaCandidate must be less than or equal to 25 years of age at the time of the application`
6Stream RequiredMBA
9Job LocationPan India
1010PackageDuring the training period of a year, the Graduate trainees will be paid an Annual Compensation of Rs.3.5 Lakhs (Cost to Company). In addition to the compensation, they can also earn sales incentives upto 3 Lakhs per annum. A copy of the salary plan and the benefits applicable to the Trainees is also attached herewith.


Basis interview and training assessment, the Trainees will be deployed in either of the below Roles & Responsibilities:


1)    Field Sales Managers – Banc assurance: They will be responsible for growing our health business through assigned bank branches and achieve assigned business targets. They will also be responsible for managing relationship with Bank Branch Managers and other Bank staff by garnering leads from bank employees and meeting prospective customers.  Ideal candidate should have a flair for customer service and excellent communication skills.

2)    Agency Manager – Health: The Agency Manager will be responsible for growing our health business through Insurance Agents in their respective locations. They will work closely with our existing retail distribution teams to recruit new Agents and also further sales through current agency relationships.

11Any Bond or FeeNA
(Please specify clearly)NA
12Placement ProcessTelephonic Interview
NOTE:      Online registration – https://www.firstnaukri.com/careers/customised/landingpage/cholams/27jan2020/index.html

 Head – Corporate Resource Center


ParticularsOur Offer – Per Annum (Rs.)Our Offer – Per Month (Rs.)
House Rent Allowance @ 50% of Basic66,0245,502
Conveyance Allowance19,2001,600
Sales / Other Allowance76,1406,345
(**) Retention Bonus (Annual)35,000
Provident Fund @ 12% (p.a.) Employers contribution21,6001,800
Cost To Company (CTC)3,50,000 
Business Related Expenses (BRE)Monthly BRE, if eligible, to be paid after deployment at the respective work location
(**) Retention Bonus is payable after completion of one year of service.
You will also be eligible for sales incentives up to Rs 3,00,000/- per annum based on productivity and incentive schemes applicable to your role. You will be eligible for the incentive schemes after completion of six months.
Note: Please do not disclose or discuss the salary with anybody other than the under signed.
Other Benefits

Group Health Insurance                – Rs.1,25,000/-

Group Term Life Insurance – 50 times the monthly gross or 2 crores (whichever is less)

Group Personal Accident cover – Rs.5,00,000/-



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