NSDC’s BFSI SSC ties up with Acuvisor Insurance Brokers (India) Pvt. Ltd to help students gain skills to sell insurance products with a two-month internship programme

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As a part of the programme students will gain knowledge about multiple financial products and acquire skill sets

Mumbai, May 16, 2022: It is with pleasure that the Business, Financial Services and Insurance Sector Skill Council of India (BFSI SSC), an initiative of National Skill Development Corporation (NSDC), announces the launch of a unique internship program for university students in collaboration with Acuvisor Insurance Brokers (India) Pvt. Ltd. 

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BFSI SSC strives to complement the existing vocational education system in meeting the entire value chain’s requirements of appropriately trained manpower in quantity and quality across all levels on a sustained and evolving basis.

To give the right impetus, BFSI SSC would endeavour to connect University students with different organisations from the BFSI Sector, who provide students exposure various financial products, enhance their level of knowledge, acquire skill sets and get practical experience in handling the products through such internships.

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The two months internship program presently offered by BFSI SSC in collaboration with Acuvisor Insurance Brokers (India) Pvt. Ltd. will firstly train and certify the interns as Point of Sale Persons (PoSPs) for insurance products, and then allow them to have experiential learning and develop skills necessary to succeed in becoming a professional Insurance Service provider.

Vasant Pandit, Mentor, Acuvisor Insurance Brokers (India) Pvt. Ltd said “Currently, the insurance penetration in India is 3.7% of the gross domestic product (GDP) as against the world average of 6.31%. Non-life penetration of Insurance cover in India is less than 1% of GDP. This is 1/4th of the worldwide average. Only 70% of four wheelers and 36% of two wheelers have the mandatory 3rd Party Insurance. Only 38% of healthcare expenditure is paid for by Insurance.

“In this context, exposure to the Insurance Industry and knowing its potential for a University student through an internship is the best way to create deeper interest for the insurance sector and make insurance as their career of choice.

“As the internship program allows the interns to experience usage of digital technology by way of a mobile application developed by Acuvisor, it also allows ‘Work From Home’, thus having no limit to the number of interns that can be on boarded across India.”

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Soumya Ranjan, Head Business Operations, BFSI SSC added, “It will be BFSI SSC’s endeavour to make this internship program available to at least 1 Lakh university students across India during FY 22-23. This internship program would allow the students the concept of “DO IT YOURSELF” & “EARN WHILE YOU LEARN”. They will be able to enhance their knowledge about insurance products and increase their understanding about its value proposition to customers. They will also acquire a legitimate license to start their own zero cost real time entrepreneurial journey and can continue the same for a lifetime. They will be getting continuous technical support and professional mentorship from Acuvisor throughout their internship and beyond”. 

Students can register for the internship program by visiting www.bfsissc.com