Hrm in lic

Further, to enhance customer convenience, there is a facility to pay premiums On-Line. The merged entity was called 'Life Insurance Corporation of India', with two tiny hands protecting a lamp as its logo. Rajendran, R. Today, there are 21 other players in the market. Choudhary, S. LIC offers a wide range of children plans which are specifically designed to take care of the future needs of children. Bear in mind, in the investment of funds, the primary obligation to its policyholders, whose money it holds in trust, without losing sight of the interest of the community as a whole; the funds to be deployed to the best advantage of the investors as well as the community as a whole, keeping in view national priorities and obligations of attractive return. They offer the key The Corporation has tie-ups with various banks and service providers to offer on-line premium collection facility in select cities. Who could have imagined that a tiny flame kindled on the September 1, would stand for warmth of security and care for millions of Indians in course of time? Vashisht Eds.

Product offerings LIC has in its basket more than 50 different plans catering to the differing needs of different segments of the society. The Corporation has also set-up various NRI centres in order to cater to various needs and requirements of NRIs and people of Indian origin having foreign nationality and residing in foreign countries.

Hrm in lic

Retrieved from www. LIC also plays an important role in financial inclusion of the economically weaker sections of society by providing insurance to the poor at cheap and affordable premiums.

The changes brought by LIC in the agents' recruitment, training, performance management system, and learning and development activities have been discussed in the present paper.

Conduct business with utmost economy and with the full realization that the moneys belong to the policy holders.

Binding these groups into one was a challenging task, and perhaps, the biggest ever attempted in the history of global capitalist era. The Corporation has tie-ups with various banks and service providers to offer on-line premium collection facility in select cities. African Journal of Business Management, 4 8 , What's next in India's insurance market. Guidelines: Here is simple step-by-step guide on how to become an LIC agent. Recruitment and training of life insurance retailers. The flame has really stood the test of time for over 53 years and is today an icon of trust and stability for over 25 Crores policyholders. But with re-organization happening in the early eighties, by LIC had crossed crore sum assured on new policies. Arora, R. It has Unit-Linked Plans to serve the needs of those who would like to link their returns to the capital market. All the offices of the Corporation are fully computerized and networked. It has been widely accepted that the human resources of an organization are the key towards success. The double accident benefit, the disability benefit and the term rider are some of them. The digitalized records of the satellite offices will facilitate anywhere servicing and many other conveniences in the future. It is one of the largest life insurers in the world in terms of the number of policies issued every year.

Bear in mind, in the investment of funds, the primary obligation to its policyholders, whose money it holds in trust, without losing sight of the interest of the community as a whole; the funds to be deployed to the best advantage of the investors as well as the community as a whole, keeping in view national priorities and obligations of attractive return.

It also has various pension plans in its basket.

The Corporation has extended its operations to the international arena through various JVs, subsidiaries, brokers, etc spread across as many as 14 countries. LIC has tied up with some banks and service providers to offer on-line premium collection facility in selected cities. It is fully owned by the Government of India. The Corporation has tie-ups with various banks and service providers to offer on-line premium collection facility in select cities. Due to these efforts of the private players, the benefits which LIC was enjoying due to its monopoly in the market were taken away, and it had to face tough competition to retain its market share. The corporation is an autonomous and has necessary to run on sound principles. Barathi, C. The corporation has been carrying out the role assigned to it and justifying confidence of public by offering adequate security at reasonable cost, dependable service, economic management and favorable returns to the nation at large. Vashisht Eds. Guidelines: Here is simple step-by-step guide on how to become an LIC agent. Dec 24, , Bear in mind, in the investment of funds, the primary obligation to its policyholders, whose money it holds in trust, without losing sight of the interest of the community as a whole; the funds to be deployed to the best advantage of the investors as well as the community as a whole, keeping in view national priorities and obligations of attractive return. The impact of liberalization, globalization and privatization LPG on life insurance corporation of India.

Vashisht Eds. To fight this competition, LIC had to leave its traditional track and bring changes in its working. LIC has also launched satellite offices in order to provide easy access to its policy holders.

human resource management in insurance sector
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