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Telecom operator Bharti <keyword id="15491" type="General" weightage="100" keywordseo="airtel" source="Orion">Airtel</keyword> on Monday announced that it has joined the SEA-ME-WE-6 undersea cable consortium to scale up its global network capacity to serve India's growing digital economy. The SEA-ME-WE-6 will connect Singapore and France, and will be amongst the largest undersea cable systems globally. "Airtel has been ahead of the curve on this front and already operates the largest undersea cable network out of India in addition to the biggest network of data centers. Our investment in SEA-ME-WE-6 is another step in our journey to future-proof our network and build large integrated capacities to enable India's digital ecosystem," Ajay Chitkara, Director and CEO, Airtel Business said. Airtel is participating as a major investor in the SEA-ME-WE-6 and is anchoring 20 per cent of the overall investment in the cable system, which will go live in 2025, the company claims. The 12 other consortium members of SEA-ME-WE-6 include Bangladesh Submarine Cable Company, Dhiraagu (Maldives), Djibouti Telecom, Mobily (Saudi Arabia), Orange (France), Singtel (Singapore), Sri Lanka Telecom, Telecom Egypt, Telekom Malaysia, Telin (Indonesia). Through SEA-ME-WE-6 Airtel will add a significant amount of 100 TBps capacity to its global network. Airtel has acquired one Fiber Pair on the main SEA-ME-WE-6 system and will co-build four Fiber Pairs between Singapore - Chennai - Mumbai as part of the cable system. Airtel will land the SEA-ME-WE-6 cable system in India at new landing stations in Mumbai and Chennai. SEA-ME-WE-6 will be fully integrated with Nxtra by Airtel's large Data Centres in Mumbai and Chennai to enable global hyperscalers and businesses to access seamless integrated solutions. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/mukesh-ambanis-reliance-jio-loses-13-million-subscribers-its-second-largest-fall-so-far/articleshow/89644193.cms">Reliance Jio gets its second big jolt on its path to 500 million subscribers</a>

Airtel joins undersea cable consortium, to fund 20% of investment in cable system

<ul><li><keyword id="6367143" type="General" weightage="20" keywordseo="lic" source="Orion">LIC</keyword> is gearing up for its IPO launch, which will be the largest public issue the country has ever seen.</li><li>Individual agents bring 96% of new business premiums to the life insurer and here is why a lot of them have been leaving the company.</li><li>LIC has the largest individual agent network of 8.96 lakh, which dropped from 10.86 lakh as of March 31, 2021.</li></ul>Individual agents have always played a crucial role in maintaining the top position for the Life Insurance Corporation of India (LIC) in the insurance industry. LIC is known for its army of individual agents that is spread across the country. <a href="https://www.businessinsider.in/bi-newsletter">LIC has seen a shift </a>from when no one cared for insurance to now, when the demand is relatively better. LIC is gearing up for its initial public offering (IPO), which will be the largest IPO the country has ever seen. However, things have changed in the last few years because of the pandemic. While individual agents bring 96% of new business premiums to the life insurer, many of them are no longer working for the company. The number of active individual agents at LIC dropped by 17.48% to 8.96 lakh as of September 30, 2021 from 10.86 lakh as of March 31, 2021. The COVID-19 pandemic that led to nationwide lockdowns and restrictions have had adverse effects on LIC’s “business, financial condition, results of operations and cash flows,” said the life insurer in its draft red herring prospectus (DRHP). The impact on its business may continue for some more time in line with the ongoing pandemic. Agents' ability to distribute products was affected due to social distancing and limiting in-person interactions. Along with it, the pandemic also postponed Insurance Regulatory and Development Authority of India’s (IRDAI) exams to become individual agents and corporate agents, which eventually led to lower new hiring of agents. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Agents resigned </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Newly appointed and reinstated agents </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY19 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.33 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.63 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.43 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.73 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.45 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">First six months of FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.34 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.24 lakh </td></tr></tbody></table>LIC still remains the largest life insurer with a huge individual agent network of 13.5 lakh compared to 11 lakh agents in the entire private life insurance industry. LIC, which has dependence on individual agents, has steadily lost its market share in the last 5-10 years to private players who are capitalising via online platforms. In fact, LIC had tied up with online aggregator Policybazaar for distribution of its policies this February. The last few years have changed consumer perception about buying policies from an agent to browsing the best policies online. This automatically narrows scope for insurance agents who used to visit door-to-door, explaining the details and complications of insurance policies, which now can be understood at the click of a button. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">LIC </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Direct sales </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Digital marketing </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY19 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.09% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.54% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.14% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.76% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.15% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.08% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">First six months of FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.39% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.48% </td></tr></tbody></table>Direct business typically comes through official online channels “There is a growing trend for individual products to be distributed online. Digital technology is a new force that is driving massive changes in the insurance sector. According to CRISIL Research, insurers are moving towards adopting a digital services model, enabling customers to complete the entire insurance processes online (from discovery of information to advice and purchase) either on their own or with the help of a service provider/agent. Insurers are now harnessing digital technology to scale their business model and provide a hassle-free experience to their customers,” said LIC in its DRHP. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/airtel-joins-undersea-cable-consortium-to-fund-20-of-investment-in-cable-system/articleshow/89719588.cms">Airtel joins undersea cable consortium, to fund 20% of investment in cable system</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/data-a-key-moat-of-paytm-ecosystem-is-getting-democratised-and-its-not-a-good-thing-for-the-company/articleshow/89717626.cms">Data, a key moat of Paytm ecosystem, is getting democratised and it's not a good thing for the company</a>

Over 8 lakh agents left LIC in the last three years — Here’s why

<ul><li>Apple, Google and Microsoft are hiring freshers in India for full-time roles.</li><li>The roles posted by the companies are related to engineering or information technology.</li><li>Checkout the latest news and updates on <a href="https://www.businessinsider.in/">Business Insider</a>.</li></ul>Global tech giants — Apple, Microsoft and Google – are hiring freshers for full-time roles in India. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Posting location </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apple </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Various locations </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Google </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hyderabad </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Microsoft </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hyderabad, Bengaluru and Noida </td></tr></tbody></table> All three tech giants have posted vacancies for engineering and information technology-related roles, which are open for freshers with relevant skills. The below listed positions are available and candidates who match the eligibility criteria can apply directly on the given links. <cmsannotation type="cmsannotation" annotationid="Roles offered by Apple" comment="subhead" text="Roles offered by Apple">Roles offered by Apple</cmsannotation> 1. Specialist Key qualifications: Strong interest in technology, particularly Apple products, and agility at learning new products and features. Strong communication skills are required so that the candidate can freely and comfortably speak with small groups and individual customers. What will you do? As a Specialist, the candidate should be highly skilled at uncovering customers’ needs, and then come up with required solutions. Not only should the candidate be the first person customers meet when they enter the store, they should also be the person who guides them — advising, selling and even setting up their new products. In this role, candidates could work full-time, part-time, or part-time temporarily. Candidates can apply <a href="https://jobs.apple.com/en-in/details/200314117/in-specialist?team=STDNT">here</a>. 2. Technical Specialist Key qualifications: Ability to assess customers’ support needs when they arrive, then provide solutions or refer them to other team members. Flexibility to regularly rotate through different technical specialities and skill sets. Ability to thrive on change as products evolve. What will you do? As a Technical Specialist, the candidates will have to help new owners get started and current ones get quick, efficient support — when a customer needs assistance, you quickly assess their situation. Sometimes the candidates may have to take care of customers with advice or a solution on the spot, using knowledge of current technology to help with iPod, iPhone and iPad devices. Both full-time and part-time jobs are available for this position. Interested ones can apply <a href="https://jobs.apple.com/en-in/details/200314122/in-technical-specialist?team=STDNT">here</a>. 3. Operations Expert Key Qualifications: Ability to think quickly and perform problem-solving tasks, even within changing conditions. Candidates should possess strong organisational skills and leadership skills who can quickly evaluate every situation. What will you do? As an Operations Expert, the candidates with their respective teams will have the incredible responsibility of ensuring products take the final step in the supply chain: getting into customers' hands. The candidate will be in charge of the store's entire inventory — products, parts, tools, supplies and everything else. Both full-time and part-time jobs are available. Interested candidates apply <a href="https://jobs.apple.com/en-in/details/200314033/in-operations-expert?team=STDNT">here</a>. 4. Genius Key Qualifications: Strong people skills and a knack for problem-solving. Ability to maintain composure and customer focus while troubleshooting and solving technical issues. Ability to adhere to a schedule of customer appointments. What will you do? As a Genius, the candidate will be responsible to provide insightful advice and friendly, hands-on technical support to the customers in need. The candidates will have to quickly diagnose product issues on the spot, explaining situations with patience and compassion. After determining whether repairs can be done or a replacement is needed, the candidate will have to offer solutions to quickly get users up and running again. Both full-time and part-time jobs are available. Candidates can apply <a href="https://jobs.apple.com/en-in/details/200314015/in-genius?team=STDNT">here</a>. 5. Expert Key Qualifications: Demonstrated proficiency in technology, particularly Apple products, and the ability to quickly learn about new products. Proven experience in sales and technology solutions, as well as in developing customer loyalty. Ability to consistently deliver great customer experiences — no matter what the situation. What will you do? The selected candidates will be a leader in sales, product knowledge and solutions, and highly influential in how one can engage with customers. But the candidate should also know how to turn mild customer curiosity into intense interest — and ownership. As new products and initiatives emerge, it will be the candidate’s responsibility to first learn, and then share and inspire his/her team members through approachability and action. Both full-time and part-time jobs are available. Interested ones can apply <a href="https://jobs.apple.com/en-in/details/200314010/in-expert?team=STDNT">here</a>. <cmsannotation type="cmsannotation" annotationid="Role offered by Google" comment="subhead" text="Role offered by Google">Role offered by Google</cmsannotation> IT Support Engineer Minimum qualifications: Bachelor’s degree in information systems, information technology, applied networking, system administration, other relevant field, or equivalent practical experience. Experience troubleshooting in a Linux, macOS, or Windows networked environment, supporting desktops/laptops, phone systems, video conference, and/or various wireless devices. Experience in customer service, client facing, or help desk. Responsibilities: Provide support across all channels, including chat, email, phone, video, in-person, etc. Troubleshooting across Google’s corporate IT resources, applications, and various operating systems, including Linux, macOS, Windows, Chrome OS, and various other platforms. Interested candidates can apply <a href="https://careers.google.com/jobs/results/78110232330281670-it-support-engineer-university-graduate-july-2022-start/?location=India">here</a>. <cmsannotation type="cmsannotation" annotationid="Role offered by Microsoft" comment="subhead" text="Role offered by Microsoft">Role offered by Microsoft</cmsannotation> Software Engineer Eligibility criteria: Bachelor’s or masters in technology (B.Tech or M.Tech)/ master’s degree in computer science or related quantitative field with minimum CGPA of 7.5/10, passing out in 2022. Ability to write clean, well-crafted code with an emphasis on quality, simplicity, durability, and maintainability. Roles and responsibilities: Understanding customer requirements. Assisting with project planning, scoping, prioritisation. Providing estimates;Identifying task ownership. Creating simple, flexible and comprehensive designs and providing and soliciting design feedback. Interested ones can apply <a href="https://careers.microsoft.com/us/en/job/1072686/Software-Engineer-Full-Time-Opportunity">here</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/samsung-galaxy-tab-s8-series-with-snapdragon-8-gen-1-chipset-up-to-11200mah-battery-launched-in-india/articleshow/89720360.cms">Samsung Galaxy Tab S8 series with Snapdragon 8 Gen 1 chipset, up to 11,200mAh battery launched in India</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/airtel-joins-undersea-cable-consortium-to-fund-20-of-investment-in-cable-system/articleshow/89719588.cms">Airtel joins undersea cable consortium, to fund 20% of investment in cable system</a>

Apple, Google and Microsoft are hiring freshers — Checkout eligibility and other details

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Airtel joins undersea cable consortium, to fund 20% of investment in cable system

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Over 8 lakh agents left LIC in the last three years — Here’s why

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