Max New York Life Partners with Symbiosis Institute of Business Management, Pune

Mumbai, Maharashtra, India

Max New Life Insurance in partnership with Symbiosis Institute of Business Management (SIBM) announced the launch of a Post Graduate Diploma in Business Management with specialization in Life Insurance [PGDBM (LI)]. The program offers professional training in specialized subjects such as Insurance Sales Practices and Management, Insurance Products, Legal and Regulatory Aspects of Life Insurance and will also cover the fields of General and Marketing management. The Memorandum of Understanding was signed between Mr. Sunil Sharma, Executive Director and Chief Operating Officer, Max New York Life Insurance and Dr. M. S. Raste, Vice Chancellor, Symbiosis International University

Speaking on the occasion, Mr. Rajit Mehta - Executive Director, Human Resources, Training and Internal Communications, Max New York Life Insurance said, ''With the rapid growth in the Indian insurance industry over the last few years, there is an increasing need for skilled professionals in the sector. One of the most effective ways to provide a ready pool of productive talent is to establish a strong industry-academia partnership. Keeping this approach in mind, we have designed our strategy to partner with niche institutes to train and develop insurance professionals.''

''Our tie-up with Symbiosis Institute of Business Management is a part of this initiative and we look forward to providing a strong platform for graduates to learn and build careers in specialized functions of life insurance. On successful completion of the course, they will be offered the position of Associate Sales Manager at Max New York Life Insurance. '', he added.

Dr. Arun Mudbidri, Director, Symbiosis Institute of Business Management and Dean Faculty of Management, Symbiosis International University said, ''As a leading institute in business management, we design courses to cater to the ever increasing learning and development needs of industry. We are privileged to partner with Max New York Life Insurance to launch a program in insurance management. The course is designed to provide students, a thorough understanding of the specialized functions of Life Insurance Management and to enable them to take on challenges from the very first day at work''.

In order to bring in the industry perspective in a classroom environment, the course curricula have been developed by incorporating both the industry and the academic perspective. The duration of the executive programme is one academic year. Those who are admitted to this course would be offered the position of Associate Sales Manager subject to successful completion of the course as per the criteria jointly decided by Max New York Life Insurance Co. Ltd. and Symbiosis Institute of Business Management, Pune.

Interested candidates will undergo a selection process comprising a written test, group discussion and personal interview. The first batch of 60 students will commence from July 2008 at SIBM, Pune. The programme details and application form are available at www.sibm.edu

About Max New York Life Insurance (www.maxnewyorklife.com)

Max New York Life is a joint venture between Max India Ltd., one of India's leading multi-business corporate and New York life, a Fortune 100 company. Max New York Life Insurance, incorporated in 2000, is one of India's leading private life insurance companies. The company offers both individual and group life insurance solutions. It has established a wide distribution network across India. Through its wide network of highly competent life insurance agent advisors and flexible product solutions, Max New York life Insurance is creating a partnership for life with its customers in India.


About Symbiosis Institute of Business Management (www.sibm.edu)

Symbiosis Institute of Business Management (SIBM) established in 1978 is the flagship brand of Symbiosis International University and has been consistently ranked among the best schools in the country. Business Today ACNielsen Survey of Best Business Schools in India has ranked SIBM at number 4 in the country for the last two consecutive years. SIBM alumni occupy senior positions in prominent international companies and SIBM students have been placed in the best companies. SIBM has associations with several companies for training and consulting and is actively engaged in executive training. SIBM has associations with several international universities and corporates for research, student and faculty programs. The infrastructure is state of the art with wifi campus the latest PCs and software and an excellent library of books and digital resources.

Source: Max New York Life India (Business Wire India)

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