Bajaj Allianz Life, one of India’s leading private life insurer, crosses yet another milestone in its digital journey with i-RECRUIT, a first-of-its-kind mobile app, designed for insurance agent on-boarding. The mobile app facilitates the company’s sales managers with end-to-end digital and paperless on-boarding of agents (addressed as Insurance Consultants in Bajaj Allianz Life) anywhere, anytime. With this digital initiative, Bajaj Allianz Life becomes the first ever Indian life insurer to move insurance Consultants hiring process completely on to a mobile app.
Launched in April 2018, i-RECRUIT mobile apphas been designed to
help sales managers with quick and seamless hiring ofInsurance Consultants,
with zero trails of physical documents. Via this app, sales managers can take
care of the entire hiring process of their Insurance Consultant. From filling the
initial hiring application to KYC validation of new hires, from regulatory training,
providing mock-test papers,scheduling examination of the new hires, and finally
to licensing – all this can be done on i-RECRUIT app. The mobile app has
enabled Bajaj Allianz Lifeto onboard more than 15,700 Insurance Consultants digitally,
over the last one year.
Speaking on the milestone crossed by the unique recruitment
platform, Mr.Manish Sangal, Chief
Distribution Officer – Retail, Bajaj Allianz
Life,said, “I’m happy to
see the evolution ofi-RECRUIT app over the year, and how it has enabled us to
set yet another benchmark within the Indian life insurance industry. This
simple to use app, designed for the Agency channel,has helped us make our
Insurance Consultants recruitment process quick, seamless and paperless. This
has helped us half the overall on-boarding time, which we have successfully
translated into enhanced productivity for our Insurance Consultant& Sales Manager.
Leveraging the digital asset has also enabled us build efficiencies within the
system and save in our operations expenses. By empowering our sales force with
digital assets, the company is able to hire better quality of agents, bring
them on board faster, and reach many more customers get their life goals done,
i-RECRUIT app is available to the Company’s sales managers on their
smart phones and tablets, and works seamlessly on both Android and iOS
platforms.This mobile app offers greater convenience to sales managers for
enablingdigital Insurance Consultants’ on-boarding. It has also reducedthe
hiring process time significantly in comparison to the manual process.
i-RECRUIT app has helped the Company reduced the agent code creation time down
by 50%. The Company has now been processing applications in just 14 days
through i-RECRUIT, from an average of 30 days in the manual login processes
About Bajaj Allianz Life Insurance
Bajaj Allianz Life Insurance
Company Limited is one of India’s leading private life insurance companies. It
is a joint venture between Bajaj Finserv Limited, the holding company for the
businesses dealing with financial services of the Bajaj Group, and Allianz SE,
the world’s leading insurance conglomerate and one of the largest asset
managers in the world.
Bajaj Allianz Life Insurance
Company Limited began its operations in 2001, and today has a pan-India
presence with 604 branches as on 31 March, 2019. The company offers life
insurance solutions through its strong product portfolio, which includes
traditional insurance products and ULIPs for enabling customers fulfil their
LifeGoals. The company also offers group insurance and health insurance plans.