PROFILE OF THE COMPANY:

Bajaj Allianz Life is one of the leading private life insurance companies in India. The Company
is a partnership between two powerful and successful entities in their own right – Bajaj Finserv
Limited, one of India’s most diversified non-banking financial institution and Allianz SE, one of
world’s leading asset manager and insurer.

Commencing its operations in 2001, Bajaj Allianz Life has in less than two decades expanded its
presence across the country. It serves millions of customers through its 582 branches, 80,000+
agents (as on 31 December 2019), comprehensive set of trusted partners and via its online sales
channel. The Company’s brand promise of Life Goals. Done. Drives it to launch innovative
insurance solutions, including the revolutionary RoMC (Return of Mortality Charges), a feature
in some of its new-age ULIPs, and thereby becoming the first company to do so. Bajaj Allianz
Life has constantly transformed to offer tech-enabled state-of-the-art services to enhance
customer delight. The Company continues to engage with customers through several unique
platforms, and has secured a place in the Guinness Book of World Records with the Bajaj
Allianz Life Plankathon 2018.
COMPANY : Bajaj Allianz life insurance company ltd.

BRANCH : West Tambaram

ADDRESS : 21/3 R K Pani Arcade 1st floor, Ramaswamy

street West Tambaram, Chennai Tambaram,
Kanchipuram, Tamil Nadu-600045

BRANCH MANAGER : K. SRINIVASAN

PRODUCTS OF THE COMPANY:

 Assured Wealth Goal

 Smart Protect Goal
 Guaranteed Pension Goal
 Flexi Income Goal
 Guaranteed Income Goal
 POS Goal Suraksha
 LifeLong Assure
 Income Assure
 LongLife Goal
 Future Wealth Gain
 Elite Assure
LEARNING EXPERIENCE:

WEEK 1:-

Introduction to Insurance: In the first week of the internship, the intern has learned about the
history of insurance, the company, and its department. The intern was taught about the various
insurance products and services offered by the company. The intern performed role-play in front
of the guide to learn how to communicate with the customer. And the intern was taught to fill out
forms for the respective policies and to calculate the rate of premiums and claims for the
policies.

WEEK 2:-

In the second week of the internship, the intern was taught about the professions in the insurance
business, and product training has been provided for ULIP plans. The intern has learned about
how financial planning is done in insurance as well as in day-to-day life. Also, the intern was
made to know about the roles, rights, and liabilities of nominee, assignee, and beneficiary. The
intern was also taught about tax planning and tax exemptions in the insurance business.

WEEK3:-

During the third week of the internship, the intern was trained for the IRDAI exam. The intern
attended many practical tests and mock tests. The intern has cleared the IRDAI exam.

WEEK 4: -

The last week of the internship, the intern was taught about health insurance, insurance
ombudsman and key-man insurance. The intern performed role-play as a sales person in front of
the guide to learn to describe a policy to a customer, clarify doubts, communicate efficiently, and
help customers fill out forms.
CONCLUSION:

Through the internship training, the intern actually understood how to maintain politeness and
calmness with the customers also it helped the intern to improve the communication skills and
adapt to the office environment.
During the internship training period, the intern received criticism and advice from the higher
authority however, those advices were useful for the intern to change and avoid making the same
mistake again. The internship programme helped the intern to overcome the weaknesses and
provided guidance whenever it was needed. The intern got an opportunity to work in different
departments and gained a lot of varied experience. Overall the internship programme was
informative and knowledgeable.