YOUNG ENTREPRENEURSHIP PROGRAMME

A programme was organized under the ED Cell with Bajaj Allianz General Insurance Co. Ltd. This was in the form of a guest lecture and it went on for over two hours. Mr. Nishant Mehta from the company’s Mumbai office was the resource person.

Bajaj Allianz General Insurance Co Ltd is the leading private insurer of the country with 220 offices, 400 Virtual Offices and 7000 employees. Operational since 2002, Bajaj Allianz was awarded in various fields like business innovation and diversity, claim servicing, customer service. The company foresees Digital Insurance as the next step for the Indian Insurance Industry has developed an Android based App as a stepping stone to Digitalising Insurance in India. The application allows a zero paper working with freedom of time and space for a digital distributor. The Digital Distribution Application is expected to create genuine value for customers.

This programme was held to foster entrepreneurship amongst youngsters and enable them to walk on the entrepreneurial path. This Young Entrepreneurship Program  is aimed at students wherein they would get a chance to taste entrepreneurship while studying and gain certified work experience using Digital distribution platform, thus strengthening their job prospects after their graduation/post-graduation. The programme was very interactive with use of LCD projector & audio support, which generated curiosity among about 100 participating students. The programme also included Q&A. Further enrolment for interested students was also undertaken and 22 students registered for this.

Under the Young Entrepreneurship Programme students will be trained for four hours on insurance basics and will undergo a test to evaluate their competence. Further they will undergo a qualifying exam held by IRDA at a nominal fee. They will then be recruited by the company under an agreement for one year for developing business and earning out of it.