December 06, 2025 01:31 am (IST)
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NIIT IFBI launches Earn & Learn Program
New Delhi, Sept 11 (IBNS): NIIT Institute of Finance, Banking & Insurance Training Ltd. (IFBI) , India's largest banking training institute, has announced the launch of a 6–month Certificate Program in Insurance, an exclusive career program designed for SBI General Insurance, a joint venture between State Bank of India and Insurance Australia Group (IAG).
It is IFBI’S first-ever earn & learn program where each student will get an opportunity to work under experienced mentors and understand the business dynamics, while pursuing the certification course.
Skilled professionals, graduates, and students who have successfully completed Grade XII in regular mode and, are in the 21-40 years age group can apply for this program. Candidates, successfully completing the program by meeting the performance criteria set by SBI General Insurance during the six-month training period at IFBI, will be absorbed by SBI General Insurance.
Speaking on the occasion Ravi Khanna, Vice President- HR & Learning at SBI General Insurance Company said, “This program is an initiative spearheaded by SBI General Insurance and NIIT IFBI, to address the ever-increasing trained manpower requirement for the insurance sector. Our association with NIIT IFBI will bring forth the best in terms of curriculum and faculty.”
As per industry reports, the insurance sector which currently stands at US$66.4 billion is poised to reach US$ 350 billion by 2020. In India, owing to the demographic dividend, the sector is growing at a much faster rate, creating huge requirement for trained manpower. According to ASSOCHAM, this requirement is estimated at 3 million trained insurance professionals by 2030.
Bimal Jain, President, NIIT IFBI said, “This is the first-ever “Earn and Learn” Program designed by IFBI for aspiring insurance professionals. The primary objective is to offer a perfect balance of theoretical and professional exposure of working in the corporate world, thus creating seasoned professionals”
This program will offer students the opportunity to work and understand the business dynamics via a 2-days classroom + 4-days On-the-Job training (OJT) with SBI General Insurance. The students will be assigned to a branch and an experienced Mentor from SBI General, who will provide the required on-the-job training. This OJT will also enable students to earn during the 6-months learning program period, as per terms and conditions as specified by SBI General.
Students successfully completing the program will get an opportunity to join SBI General Insurance either in Bancassurance, Agent handling or Direct sales roles.
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