Boston Group, Govt. of AP tie up on e-learning

NEW DELHI: Boston Software Consultants India Pvt Ltd, Hyderabad has signed a Memorandum of Agreement with Directorate of Youth Services, Andhra Pradesh Government, to train 1,000 unemployed youth in the next financial year to become quality Insurance agents.

Speaking on the occasion, Subu M Kota, Chairman, The Boston Group, said, "Only one out of the five insurable populations in India has insurance cover. In terms of Insurance premium and per capita and premium per GDP, India ranks as one of the lowest in the world. Life Insurance premium constitutes of only nine percent of the domestic savings. Health cover is negligible. This poor performance projects the tremendous market potential that exists for explosive growth in insurance and our mindset has to change from 10 percent to 20 percent annual growth year after year."

"The association with Directorate of Youth services would enable potential agents to learn through individual computer, internet linkage or through special dedicated e-learning centers with hundreds of terminals specially being set up for easy reach of any participant round the clock. We can provide insurance agents in quality and quantity to match the needs of the industry and tap the huge market potential," he added.