Financial Daily from THE HINDU group of publications
Friday, Oct 28, 2005
Financial Daily from THE HINDU group of publications Friday, Oct 28, 2005 |
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Money & Banking
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Life Insurance CFP programme: Tata AIG Life ties up with FPSB Our Bureau
Mumbai , Oct. 27 TATA AIG Life Insurance has tied up with the Financial Planning Standards Board of India (FPSB) to offer the "Certified Financial Planner (CFP)" educational programme to its advisors, channel partners and employees. The company plans to set up training centres in Mumbai, Kolkata, Bangalore and Chennai. The company has training facilities in 50 offices spread across 44 locations. For the 2006 "CFP" examinations, around 200 people have registered of which, 120 are advisors, 70 trainers and 11 channel partners. Mr Sunil Mehta, Country Head and CEO — India, American International Group, said that with the insurance industry generating employment, adequate training was needed. "Every year, around 6,50,000 agents are added to the insurance industry and we need to train them. Training is the nerve centre of this business". Mr Vijay Sinha, Vice-President and Head - Distribution Training and Development, said that in the case of complex investment products such as ULIPS, training was crucial for the agents. Of Tata AIG's 36,000-strong agency force, only 10,000 are permitted to sell ULIPs.
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