1. What is the PGPMI Course about? The Post Graduate Program in Management & Insurance (PGPMI) course is the first of its kind. It has been designed by ICICI Prudential Life and will be conducted by select business schools. 2. Where can this course be taken up? The PGP in Management and Insurance will be conducted by leading Business schools across the country. Apart from Chitkara the Institutes/ Colleges where the course is being conducted is as follows: CBS – Bangalore, Bhubaneshwar, Chennai, Coimbatore, Gurgaon & Mumbai Manipal University - Lucknow and Hyderabad.(Chennai Business School) CT Group of Institutes – Jalandhar IILM – Gurgaon & Jaipur (Institute for Integrated Learning & Management) ISBM – Bangalore, Delhi, Kolkata & Pune (International School of Business and Media) South Indian Education Society College of Management Studies - Navi Mumbai Manipal University - Hyderabad Bhavan Center for Interdisciplinary Study (SP Jain Institute of Management & Research) - Mumbai Institute for Management Education - Pune 3. Is one year sufficient for a Management Programme? Yes, it is. In countries like the UK, the new trend of a one-year Management course is in place. It has been realized that a one-year Management course propels the career just as effectively as the traditional two year MBA. 4. How do I know if I am eligible for the course? Graduates of any stream having passed out in the years 2005 and 2006 with less than 20 months of experience and those who would pass out in the year 2007 are eligible to do this course. 5. When does this course start? The Course is scheduled to commence on November 12, 2007 at Saraswati Kendra, SCO 160-161, Sector 9-C, Chandigarh, India. Details of course commencement will be available with the individual college centers/ and will be mentioned in the admission letter from the selected College. 6. Are there any loan schemes for the course fee? ICICI Bank provides an education loan that would cover the entire course fee as well as supplementary expenses (such as course material, boarding and lodging expenses) as stipulated by the Institute (subject to a maximum amount of Rs. 2 Lakhs per individual). The rate of interest charged is 14.75%. 7. Is there any Stipend available during PGPMI? There is no stipend available during the course (PGPMI). 8. Is there Hostel Facility available? The institute will assist you in getting hostel facility either on-campus or off-campus. 9. Is the PGPMI Course being offered recognized? In order to keep abreast with the fast changing market trends and booming economy, it is imperative that a tailor-made programme is designed by experts in the Industry. Almost all Autonomous/ Deemed Universities regularly update / modify their Management Programme every semester. The PGPMI is also such a programme, which is tailor-made by experts to match the requirement of the Insurance industry at large and ICICI Prudential Life Insurance in particular. However, the course is not officially recognized by any Institute, body or university. Currently AICTE does not approve any one-year program for management. 10. How do I know that the job is guaranteed? Yes, it is a definite Job Offer provided you complete the course successfully. Once you have completed the course successfully, then ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED will appoint you as a regular employee. 11. What is the designation and salary that is being offered at the end of successful completion of the course? The role will be that of an Executive Trainee – Tied Agency/ Financial Services Consultant. The role could vary depending on the skill set of the individual being considered. The minimum fixed salary could vary from Rs. 1.7 lakhs per annum to Rs. 2.5 lakhs per annum. The maximum salary could go up to Rs. 8 lakhs per annum depending upon the performance of the individual. 12. Where will I get posted once the course is completed? The posting would be in your natural market. In most of the cases, it will be in your hometown or the place where you have stayed at least for two years 13. Is the job role same for all the candidates who attend the course or will they vary according to the performances? The company would look for the best fit of the candidates. Though this program is aimed at finding talent and grooming them for a Unit Manager role, fitments in other roles cannot be ruled out. 14. Are there any specific targets subject to the role? Like any sales job, targets will be there for all the Unit Managers. We need to feel charged up on seeing our targets and strive to bust the targets and set our own goals. 15. Will there be any employment Bond with ICICI Prudential Life Insurance Company? Can I join another company after the course? As of now, there is no bond or commitment with the company. Yes, you are free to change but remember ICICI Prudential Life is the Market leader in the Private Sector of the Insurance Industry since 2000 and is one of the best paymasters and the fastest Growing Company in the Industry. Once you have been with ICICI Prudential for a couple of years, you automatically will profit from the Brand Name of the Company. 16. Is there a further training period with ICICI Prudential Life Insurance Company at the end of the PGP? If yes, how long is it and what would be the salary during this training period with the Company? The company encourages continuous learning and would proactively help the employees in identifying and pursuing executive programs, which can be taken up while continuing the job. 17. Is this course equal to an MBA degree? PGPMI is a focused course tailor made qualification for the Life Insurance Sector by the Market Leader ICICI Prudential Life Insurance Company Ltd. Since the course is designed to be completed in one year, it is not equivalent to an MBA; but the course will put you at par with MBA students in terms of salary and other incentives. The course is not officially recognized by AICTE. If ICICI Prudential Life has lent its name to a course, you can be assured that it will have a high degree of substance and quality. It is also being conducted by eight of the reputed B-Schools across India. 18. How do I know for sure that I will get the job once I have successfully completed the PGPMI? It is the word and credibility of a leading private company in the Indian Insurance Industry. The Company will not make a promise that they would not be able to honour. 19. Who will give me the Certificate on completion of course? The Certificate will be awarded by the Chitkara Business School on successful completion of the PGPMI Course.