SBi General Achievers Programme
Launch Your Insurance Career with the SBI General Achievers Programme 2025
The SBI General Achievers Programme 2025, offered in partnership with Manipal Academy of BFSI, is a dynamic three-month training initiative designed to prepare graduates for roles as Business Development Executives at SBI General Insurance, one of India’s leading general insurance providers. With a starting salary of ₹3.50 LPA, this programme offers a one-month residential campus training, two months of on-the-job training (OJT) with a stipend, full course fee reimbursement, and assured job placement across India. Tailored for young graduates, this programme provides a robust entry into the fast-growing insurance sector. Here’s a detailed guide to the programme, including eligibility, selection process, training structure, and more, based on the provided details and insights from SBI General’s official resources.
Programme Overview
The SBI General Achievers Programme is a focused three-month training initiative aimed at equipping graduates with the skills and knowledge required for business development roles in general insurance. The programme includes one month of residential training at Manipal Academy of BFSI’s state-of-the-art campus in Bengaluru, followed by two months of OJT at SBI General Insurance branches. Upon completion, candidates join SBI General as Business Development Executives with a fixed CTC of ₹3.50 LPA. The programme’s “Learn-Earn-Grow” model ensures financial support through stipends and full course fee reimbursement, making it an attractive pathway for aspiring insurance professionals.
Key Highlights:
- Job Role: Business Development Executive
- Salary: ₹3.50 LPA (fixed CTC)
- Programme Duration: 3 months
- 1 month of residential campus training at Manipal Academy of BFSI, Bengaluru
- 2 months of on-the-job training (OJT) at SBI General Insurance branches
- Course Fee: ₹99,000 + GST (covers tuition, boarding, lodging, uniforms, and study materials for the 1-month campus training)
- Fee Reimbursement: Fully refunded within two years of service with SBI General Insurance, subject to performance
- Loan Facility: Available through partner banks at competitive interest rates
- Stipend:
- ₹0/month during 1-month campus training
- ₹16,000/month during 2-month OJT (₹32,000 total)
- Campus Benefits (during 1-month residential training):
- Accommodation (lodging)
- Meals
- Uniforms
- Study materials
- Training Partner: Manipal Academy of BFSI
- Job Location: Pan-India, across SBI General’s 147+ branches, based on business requirements
- Certification: Certificate of Completion from Manipal Academy of BFSI
Training and Stipend Structure
The Achievers Programme is designed to provide a blend of theoretical and practical training, ensuring candidates are job-ready in just three months.
Training Breakdown:
- 1-Month Residential Campus Training (Manipal Academy of BFSI, Bengaluru):
- Stipend: ₹0/month
- Campus Benefits:
- Fully residential with hostel accommodation
- Meals
- Uniforms
- Study materials
- Curriculum:
- Fundamentals of general insurance (health, motor, home, travel)
- Sales and business development strategies
- Customer relationship management
- KYC, AML, and IRDAI regulations
- Digital insurance tools and platforms
- Soft skills (communication, negotiation, customer service)
- Delivery Mode: Blended learning with classroom sessions, case studies, role-plays, and digital tools, led by industry experts
- Assessment: Tests and assignments to evaluate insurance knowledge and sales aptitude
- 2-Month On-the-Job Training (OJT):
- Stipend: ₹16,000/month (₹32,000 total)
- Practical exposure to business development, client interactions, and insurance operations at SBI General branches
- Candidates arrange their own boarding and lodging during OJT
Upon successful completion, candidates join SBI General Insurance as Business Development Executives with a fixed CTC of ₹3.50 LPA. The course fee is fully refunded within two years of service, subject to performance, enhancing the programme’s financial appeal.
Eligibility Criteria
To apply for the SBI General Achievers Programme 2025, candidates must meet the following requirements:
- Age: 20–27 years (as of the application date)
- Gender: Open to both male and female candidates
- Educational Qualification:
- Full-time graduation in any stream (e.g., BA, B.Com, BBA, B.Sc, BCA, etc.) from a recognized university
- Minimum 50% aggregate marks in graduation (no backlogs)
- Graduation must be in regular mode (no correspondence, distance learning, vocational, or open schooling)
- Additional Requirements:
- Proficiency in written and spoken English
- No immediate family members (parents, siblings, spouse, or children) employed at SBI General Insurance
- No pending legal cases or disciplinary actions
- Experience: Open to freshers and candidates with up to 2 years of work experience
Course Fee and Financing
- Total Fee: ₹99,000 + GST (covers tuition, boarding, lodging, uniforms, and study materials for the 1-month campus training)
- Payment Options:
- Self-Funded: Full payment upfront or in installments (confirm with Manipal)
- Loan Facility: Available through partner banks at competitive interest rates (e.g., ~11.75%, based on similar programmes)
- Fee Reimbursement: Fully refunded in two tranches within two years of service with SBI General Insurance, subject to performance
- Application Fee: Not specified; candidates should check sbigen.manipalbfsi.com for any assessment fees
- Transparency Note: The course fee is paid to Manipal Academy of BFSI, not SBI General Insurance. Any additional payment requests are fraudulent and should be reported to SBI General’s customer care (1800 102 1111).
Selection Process
The selection process is merit-based, designed to identify candidates with strong potential for business development roles in insurance. The steps are:
- Online Application:
- Register on the official programme website: sbigen.manipalbfsi.com or careers.sbigeneral.in
- Submit basic details and pay any applicable non-refundable assessment fee
- Telephonic Interview:
- Preliminary interview to assess communication skills, interest in insurance, and suitability for the role
- In-Person/Virtual Interview:
- Conducted by SBI General and Manipal representatives
- Assesses sales aptitude, insurance awareness, and alignment with SBI General’s values of customer-centricity and innovation
- Provisional Offer Letter:
- Issued after document verification (PAN card, Aadhaar card, address proof, academic certificates, resume) and background checks
- Training:
- Enrolled candidates begin the three-month programme (1 month campus training, 2 months OJT)
- Job Placement:
- Successful candidates join SBI General as Business Development Executives
Document Requirements:
- PAN card
- Aadhaar card
- Address proof (e.g., passport, driving license, voter’s ID)
- Birth date proof (e.g., passport, birth certificate, school leaving certificate)
- Academic certificates (10th, 12th, graduation)
- Updated resume
Roles and Responsibilities of a Business Development Executive
As a Business Development Executive at SBI General Insurance, you will focus on driving sales and building client relationships. Key responsibilities include:
- Lead Generation: Source new clients through referrals, marketing campaigns, and field activities
- Product Sales: Sell general insurance products (health, motor, home, travel) to individuals and businesses
- Customer Relationship Management: Build and maintain long-term client relationships to enhance retention
- Sales Targets: Achieve monthly/quarterly targets for premium collection and policy sales
- Compliance: Adhere to IRDAI regulations, KYC, and AML guidelines
- Digital Engagement: Promote SBI General’s digital platforms for policy purchase and management
- Reporting: Maintain sales and activity reports for performance tracking
The role involves postings at any of SBI General’s 147+ branches across India, with potential field visits for client meetings. The job may require local travel and a target-driven approach.
Why Choose the SBI General Achievers Programme?
The Achievers Programme offers several advantages for aspiring insurance professionals:
- Comprehensive Training: Industry-aligned curriculum delivered by Manipal Academy of BFSI, covering insurance, sales, and compliance
- Earn While You Learn: Stipend of ₹16,000/month during OJT, totaling ₹32,000
- Fee Reimbursement: Full refund of ₹99,000 + GST within two years, subject to performance
- Assured Job Placement: Guaranteed role as a Business Development Executive with SBI General Insurance
- Competitive Salary: ₹3.50 LPA, aligned with entry-level insurance roles
- Campus Benefits: Lodging, meals, uniforms, and study materials during the 1-month residential training
- Reputable Employer: SBI General, a subsidiary of State Bank of India, is a trusted brand with 147+ branches and a strong market presence
- Career Growth: Opportunities to advance to leadership roles in sales or operations with performance-based incentives
- Supportive Culture: SBI General fosters a dynamic and inclusive work environment, empowering employees to grow
Challenges to Consider: No stipend is provided during the 1-month campus training, and the role involves sales targets, which may entail work pressure. The salary (₹3.50 LPA) is slightly below some competitors (e.g., ₹4.00 LPA at HDFC Life). Candidates should be prepared for a target-driven role and arrange their own boarding/lodging during OJT.
About SBI General Insurance
Established in 2009, SBI General Insurance is a joint venture between State Bank of India (70% stake) and IIFL Insurance Brokers Ltd, headquartered in Mumbai. With 147 branches, 25,000+ agents, and 12,000+ SBI employees distributing its products, SBI General offers a wide range of insurance solutions, including health, motor, home, and travel insurance. Known for its innovative, customer-centric approach, the company fosters a dynamic work environment and is committed to employee growth. SBI General is a trusted brand, leveraging SBI’s extensive network to serve millions of customers across India.
About Manipal Academy of BFSI
Founded in 2008 under the leadership of Dr. Ramdas Pai, Manipal Academy of BFSI, a UNext Learning entity part of Manipal Education and Medical Group, is India’s leading training provider for the BFSI sector. Having trained over 2,00,000 professionals across 50+ banks and insurance companies, the academy partners with industry leaders to deliver co-created, job-ready curricula. Its state-of-the-art campus in Bengaluru offers immersive learning through digital classrooms, simulations, and expert-led sessions, ensuring candidates are first-day, first-hour productive.
Conclusion
The SBI General Achievers Programme 2025 is a stellar opportunity for graduates aged 20–27 to launch a rewarding career with SBI General Insurance, a trusted leader in India’s general insurance sector. With a three-month training programme, a ₹32,000 stipend during OJT, full course fee reimbursement, and assured placement as a Business Development Executive at ₹3.50 LPA, this initiative offers a clear path to success. Backed by Manipal Academy of BFSI’s expertise and SBI General’s strong brand, the programme equips candidates with the skills to excel in business development roles. If you meet the eligibility criteria and are passionate about a career in insurance, apply now at sbigen.manipalbfsi.com, prepare diligently for the interviews, and take the first step toward a dynamic future with SBI General Insurance!
For more details, visit sbigen.manipalbfsi.com or careers.sbigeneral.in. Stay updated on application deadlines and batch commencement dates.