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Kolkata, Jul 29: With attrition levels at 40% and a demand-supply mismatch, ICICI Prudential Life Insurance has tied up with the Indian Institute of Management, Calcutta, (IIM-C) to launch a 10-month executive program in insurance and management. The graduates -- 80-100 in the first batch -- who are able to successfully complete the course will be offered frontline managerial posts at ICICI Prudential.
"We need a ready pool of talent and tying up with academic institutions is the way out," said Judhajit Das, chief, human resources, ICICI Prudential Life Insurance, the largest private life insurer in the country. "We play a pioneering role in designing courses to suit various industries. This program is designed to create a pool of talent for the life insurance industry," said Prof Saibal Chattopadhyay, dean, IIM-Calcutta.
The classes, to be held at IIM-C's Harrington Mansions address in the city, will begin from August. The selection process will include an aptitude test and group discussion followed by an interview. Once the student has cleared the process, s/he will be signed up for the program and will be handed an offer letter from ICICI Prudential on the first day of the program.
Prof Ashok Banerjee, architect of the course, said it took him almost a year to devise the program. "The non-residential program is divided into 21 courses over three terms. Each course shall have 30 hours of classroom teaching," he added. Ten members of the IIM faculty will be a part of the program.
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