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THE STUDY OF RECRUITMENT
PROCEDURE AT MAX NEW YORK LIFE
BY :
09919103909
Max New York Life Insurance Company Ltd.
A joint venture between Max India & New York Life.
Max India Limited : One of India's leading multi-business corporations
Key Subsidiaries :
Max New York Life
Max Healthcare
Max Bupa Health Insurance Limited
Max Neeman Medical International
Max Speciality Products
New York Life International : The international arm of New York
Life, a Fortune 100 company
Vision
To become one of the most admired
life insurance company of India
STAMPT- A Differentiator
S - SELECTION
T - TRAINING
A - AGENCY CONTRACT
M - MANAGEMENT LOYALITY
P - PRODUCT
T - TECHNOLOGY
ELIGIBILITY CRITERIA
BASED ON 9 POINT SYSTEM ON FIVE PARAMETERS
AGE : 20-24 25-35 35++
(1 POINT) (2 POINTS) (3 POINTS)
GENDER: MALE FEMALE
(2 POINTS) (3 POINTS)
QUALIFICATIONS: UG PG
(1 POINT) (2 POINTS)
MARITAL STATUS: MARRIED SINGLE
(2 POINTS) (1 POINT)
LIVING IN CITY FOR MORE THAN 5 YRS:
LESS THAN 5 YRS - ( 1 POINT)
MORE THAN 5 YRS - (2 POINTS)
RECRUITMENT PROCEDURE OF FINANCIAL ADVISOR AT MNYL
PROSPECTING
MAKING APPOINTMENTS
MEETING
INTRODUCTION OF JOINING PROCESS
RESEARCH METHODOLOGY
UNIVERSE All the Customers of MNYL in Delhi
Population All the Customers of MNYL in West Delhi
Sample Janakpuri ,Dwarka
Sample size 50
Sampling technique Simple random sampling
Instrument Questionaire
Objectives of the project
To understand the RECRUITMENT
PROCESS OF advisors at MNYL.
Data Analysis and Interpretation
How many people prefer LIC
People Wants To Earn Extra Income
People Wants To Do part Time Job
How Many People Have Insurance
Findings Of The Study
The company is very specific about the
recruitment procedure of advisors
They emphasize on providing proper
working environment to their employees
They provide time to time training
Advisors are not forced to work from office.
Recommendations
More advisors with good communication
skills should be hired
Policies should be issued quickly
Insurance advisors should be well trained
Conclusion
