NMIMS University with Max New York Life Insurance Launches PG Diploma in Business Management

NMIMS University in Association with Max New York Life Insurance Launches PG Diploma in Business Management with Specialization in Insurance Management

SVKM's Narsee Monjee Institute of Management Studies University (NMIMS), Mumbai, in association with Max New York Life Insurance, announces the launch of a Post Graduate Diploma in Business Management with specialization in Insurance Management.

The programme offers professional training in specialized subjects such as Insurance Sales Practices & Management, Insurance Products, Legal & Regulatory Aspects of Life Insurance, and will also cover the fields of General and Marketing Management. The Memorandum of Understanding was signed between Max New York Life Insurance and NMIMS University.

As a part of collaboration, a committee of experts from NMIMS University and Max New York Life Insurance will decide the selection of the candidates for the programme. The students who enroll in the program will get an assured opportunity to do their summer training with Max New York Life Insurance. In addition, students will also be absorbed in the company, as Full Time Employees (FTEs), subject to their clearing a minimum selection criterion.

Speaking on the occasion, Rajan Kalia, Executive Vice President & Head Human Resources, Max New York Life Insurance, said, "The rapid growth in the Indian insurance industry over the last few years has resulted in an ever-increased need for skilled professionals in the sector. Tying up with top-line Universities like NMIMS University is a major step for our company to maintain a steady and productive pool of talent. Keeping this approach in mind, we have designed our strategy to partner with niche universities like NMIMS University to train and develop insurance professionals."

"Now that we have partnered with NMIMS University, 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 FTEs at Max New York Life Insurance," he added.

Dr. N. M. Kondap, Vice Chancellor, NMIMS University, who has been associated with this program, said, "As a leading university, 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 Insurance Management, and to enable them to take on challenges from the very first day at work."

The course curriculum has been developed in such a manner as to bring in the industry perspective in a classroom environment by incorporating both the industry as well as 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 FTEs as per the criteria jointly decided by Max New York Life Insurance Co. Ltd. and NMIMS University, Mumbai, subject to successful completion of the course as per the norms of NMIMS University, Mumbai. The first batch of 60 students will commence from November / December 2008 at Mumbai. The programme details and application form will be available at www.nmims.edu.

Concluded.

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