Royal Sundaram Academy offers

THE NEXT GENERATION PROGRAM!

A career designed for you.

If you are upbeat, have a passion for meeting people, competitive, exhibit good negotiation skills, work well under pressure and flexible, we welcome you to Royal Sundaram Academy.

Royal Sundaram, India’s first private General Insurance Company, in collaboration with Manipal Global Education (MaGE), is offering a one year Post Graduate Diploma that leads to an employment with Royal Sundaram in sales if you meet the requirements. Our aim is to provide you with an opportunity to receive a high quality education, while at the same time, advance your career in a rapidly growing General Insurance industry. Our affordable Post Graduate Diploma (PGD) allows you to pay for the course in the easiest and simple way. Successful candidates will be employed by Royal Sundaram and will be eligible for the reimbursement of the course fee at the end of successful completion of 3 years of continuous service with Royal Sundaram.

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Your Customized Program

This is a collaborative initiative by Royal Sundaram General Insurance Co. Limited (Royal Sundaram) and Manipal Global. The customized program will be delivered by Manipal Global through a 12-month program for you post your selection by Royal Sundaram after an extensive process including a written test and interviews. You will be awarded a post graduate diploma by Manipal Academy of Higher Education (MAHE) (Deemed to be University) on successful completion of this program. You will then be employed by Royal Sundaram on fulfilling the employment conditions.

Learning Environment

Your Learning Environment

The PGD revolves around the principle that budding business leaders like you are not mass-produced; they are nurtured and developed with personalized care and attention, in small work groups and teams, and in a practical, application-oriented, user-friendly environment.
Along with Manipal Global, we have specifically designed this program to equip you with the skills and capabilities that will enable you to reach responsible positions in the general insurance industry.

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Fees

Your program fee would be Rs. 1,50,000/- Lakhs (One lakh fifty thousand rupees only) plus applicable taxes of 18% GST (amounting to Rs. 27,000/-) equals Rs. 1,77,000/-*.

Fees will be payable at the start of the program which includes boarding, tuition fee and lodging expenses.

 

Terms and Conditions:

  • Fee once paid to MaGE, shall not be returned or adjusted under any circumstance.
  • The above terms are not exhaustive. Detailed terms and conditions would be discussed and signed on your selection.

*Referrals may be provided for those seeking bank loans.

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Manipal Global commitment:

Manipal Global is committed to serving you in the best interest with their pre-eminent faculty and the state-of-the-art facility. Manipal Global is a leading academic and learning solutions provider with over six decades of academic heritage in providing on-campus, distance learning, online and professional education. The Manipal Global mantra – Achieve, Enable, and Transform – builds on this legacy to create a future for every life it touches, a future that inspires achievements, enables ambitions, and transforms lives, worldwide.

Your professional advancement with Royal Sundaram

The program offers a guaranteed placement with Royal Sundaram on Graduation and on fulfilling employment conditions. Placement will be as Senior officer with a cost to company (CTC) of Rs. 3.6 Lakhs per annum + Performance based Incentive that can go upto Rs 1.4 Lakhs per annum.
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INR
+ Performance Based Incentive

Your likely career path with us

Application & Admission Process

01

Eligibility

  1. Graduate with a minimum of 50% marks (aggregate) in any discipline from a government recognized university.
  2. Candidate must not be more than 25 years of age as on 31st March of the calendar year of application.
  3. Work experience is not necessary. If you are experienced, we prefer candidates with not more than 3 years of experience as on June 1,2018..
  4. Only shortlisted applicants will be invited for the selection process.

02

How to apply

Click on the ‘Apply Now’ button to apply online.

Apply Now

03

Selection

If you are shortlisted, you will be briefed about the selection process that includes written test and interviews.

04

Verification

The candidate’s education qualification and background will be verified through an external agency. The details provided at the time of selection need to be authentic which are subject to verification. Once the agency confirms the authenticity of these details, only then will the candidate be considered for admission. Any misrepresentation of facts and/or documents will make a candidate ineligible for application, admission and prospective employment.

05

Required Documents

  1. Copy of Aadhar or PAN card
  2. A ‘self declaration’ medical fitness form
  3. Graduation Degree certificate
  4. Resumé

06

Reporting

Upon your final selection and payment of fees, you will report at Manipal Global, Academy of BFSI, Bengaluru campus. The program is scheduled to commence in June, 2018.

Course Outline

First Term – 2 months

First Term – 2 months

  1. Principles & Practices of General Insurance
  2. Ethics, Legal Aspects & Compliance
  3. Motor Insurance
  4. Health, Personal Accident & Travel Insurance
  5. Behavioural Programme & Managerial Communication
  6. Systems & IT – Operations & Claims Process

Stipend – Rs. 2,500/month for 2 months

2nd Phase

Second Term – 2 months

  1. Marine Insurance
  2. Fire Insurance
  3. Engineering Insurance
  4. Specialized Lines
  5. Miscellaneous Insurance

Stipend – Rs. 2,500/month for 2 months

mentor

Third Term – 2 months

Mentored Internship at Royal Sundaram branches.

Stipend – Rs. 6,000/month for 2 months

Final Term

Fourth Term – 6 months

On the Job Training (OJT) at Royal Sundaram branches.

Stipend – Rs. 16,000/month for 6 months

About Royal Sundaram

Our Company

Royal Sundaram General Insurance Co. Limited (formerly known as Royal Sundaram Alliance Insurance Company Limited), a subsidiary of Sundaram Finance, is the first private sector general insurance company in India to be licensed in October 2000 by the Insurance Regulatory and Development Authority of India. The company was initially promoted as a joint venture between Sundaram Finance, one of the most respected non-banking financial institutions (NBFCs) in India and Royal & SunAlliance Insurance plc, UK, one of the oldest general insurer in the UK. In July 2015, Sundaram Finance acquired the 26% equity holding from Royal & SunAlliance Insurance plc. Consequently, the entire 100% equity holding is now held by Sundaram Finance (75.90%) and other Indian Shareholders (24.10%).

Royal Sundaram has been providing innovative general insurance solutions to individuals, families and businesses directly as well as through its intermediaries and affinity partners. The company offers motor, health, personal accident,home and travel Insurance to individual customers and offers specialized insurance products in Fire, Marine, Engineering, Liability and Business Interruption risks to commercial customers. Royal Sundaram also offers specially designed products to the small and medium enterprises and rural customers as well.

Royal Sundaram’s Accident and Health claims process received ISO 9001-2015 certification for effective customer service delivery. The company has also won the “Celent Model Insurer Asia Award” for 2013 and 2014 for developing an intelligent claims management system to improve staff productivity and increased customer satisfaction.

 

For further information, please visit https://www.royalsundaram.in

Achievements

  • The first private sector general insurance company in India to be licensed
  • The first private insurer to tie up with banks (affinity partners) for selling retail products and also to offer co-branded credit cards
  • The first insurer to introduce cashless mode of settlement for health claims
  • The first private insurer to introduce innovative health products like Hospital Cash
  • The first insurer to introduce in-house Motor Assessors (IMAs)

 

Currently, Royal Sundaram has 2000 plus employees and its products are distributed across 130 cities in India, through agents, affinity partners, OEM dealers, brokers and through direct channel (both offline and online), selling over two million policies every year.

About Royal Sundaram Academy (RS Academy)

Royal Sundaram Academy is the Learning and Development platform of Royal Sundaram. Royal Sundaram Academy is a unique initiative by Royal Sundaram that supports competency development in the General Insurance (GI) space. The Learning & Development team at Royal Sundaram, that forms the Royal Sundaram Academy, identifies scientifically the dynamic competency requirements of business and accordingly designs and implements development programs internally and externally for continuous learning.

The objective of Royal Sundaram Academy is to ensure that existing employees as well as potential employees being hired for Royal Sundaram are provided seamless learning opportunities to upskill and reskill with competencies aligned to dynamic business needs. In doing so, Royal Sundaram also leverages the thousands of man years of experience in the GI space, resident internally at Royal Sundaram with its senior employees. It also collaborates with academia that lends support to innovative design of development programs for aspirants who are seeking to build careers in the GI industry.

While Royal Sundaram Academy is providing Royal Sundaram employees a competitive edge in their defined role in the market place, it has also enhanced the Royal Sundaram Brand amongst the potential General Insurance professionals seeking a meaningful career in the GI industry. Building leaders for Today and Tomorrow in the GI Industry!

Write to us

For questions or clarifications, please do write to us.  We will get back to you in less than 24 hours.