Universal Sompo empowers unemployed youth under the “Skill Development Program” to act as
company’s agents
·
Hon’ble Home Minister of India, Dr.
MahendraNathPandey handed over stipend and certificates to candidates
·
Company has successfully imparted
training and skill development to 110 unemployed youth from Varanasi
Universal Sompo General Insurance
Company Ltd., a joint venture of Allahabad Bank, Indian Overseas Bank,
Karnataka Bank Ltd, Dabur Investment Corporation and Sompo Japan Nipponka,recently
held a function in presence of Hon’ble Union Minister for Skill Development
and Entrepreneurship, DrMahendraNathPandey,to felicitate candidates who successfully completed training
and Certification as per requirement of IRDAI, extended by the company to bring
them under the employment fold.
This is
second batch of Candidate from Varanasi wherein 110 candidates are inducted for
skill development program. In the past the company has
trained 105 more candidates of Varanasi. The company has so far inducted 709
candidates from entire India.
Speaking on
the occasion, Shri. O.N.Singh, Executive Chairman, Universal Sompo General
Insurance said“We arepleased
with the end result which we have achieved by fulfilling our objective of
providing employment to deserving candidates. Successfully empowering un-employed youth with self-sustaining
source of income for livelihood has been addressed with this program. We will
continue to add value to their profession as well as reach out to maximum
citizens to provide non-life insurance solutions to mitigate risk which can
minimize the financial impact in times of uncertainty.” He added that Mahatma
Gandhi always want the society to be self-reliant and always promoted cottage
industries so as to make them self-reliant. Universal sompo is working on the
bottom of the pyramid of the society so that the entire pyramid should be
large. These youth once developed shall not only be self-reliant but also shall
boost the economy.
Hon’ble
minister DrMahendraNathPandey felicitated the candidates who has joined in the
previous years and their performance have been outstanding. He handed over the
cheques of first handholding amount to the candidates who are selected this
year and undergoing the process of Skill Development program. Praising Universal
Sompo he said that the company has grown by leap and bound in the 10 years and
also working for upliftment of society. He added that the Skill Development
program of UnivesralSompo shall help the youth to establish themselves and
shall be able to give employment to others in the coming time. This is
outstanding initiative of the company and shall certainly be helpful to
eradicate unemployment.
Under the “Skill
Development Program” of Universal Sompo General Insurance, the company
provides financial support and required trainings for the development of skills
to unemployed from the Rural and urban areas to act as Career Agents and earn a
living through commission received by selling non-life insurance policies of
the company. The necessary product training and knowledge is imparted by the
company to prepare the candidates to undertake examination of IRDAI. Along with
product training, the company also provides soft-skill training to enhance
their interactions with prospective customers. Upon completion, the candidates
are designated to source business for the company from their particular region.
Since most of the candidates reside in the semi-urban, rural and hinterlands,
they are able to extend risk solutions to those section of the society, who are
generally left-out due to accessibility issues.
On procuring
new business, every candidate will be entitled for commission as per the regulatory
framework. In addition to commission, the
company will provide every candidate a monthly out-of-pocket expense of Rs 7,500/-
p.m. The training and examinations are held at Universal Sompo’s Training
Centers that have been accredited by IRDAI and spread across Urban, Semi-urban
and Rural locations.
Since the
inception of the Skill Development Program, the company has trained and
recruited 709Career Agents.
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