Hr in Lic
LIFE INSURANCE CORPORATION
OF INDIA LTD.
In 1956, the life insurance business of all companies was nationalized and a single monolithic organization, the Life Insurance Corporation of India (LIC), was set up. Today, life insurance is almost entirely in the hands of the LIC. The Post and Telegraph Department conduct some business in this area for its employees, but the volume of that business in relation to that of LIC, is negligible and declining.
The objectives of the LIC are to:
• Spread life insurance and provide life insurance protection to the masses at reasonable cost.
• Mobilize peoples' saving through insurance-linked savings schemes.
• Invest the funds to serve the best interests of both the policy holders and the nation.
• Conduct business with maximum economy, always remembering that the money belongs to the policy holders
• Act as trustees of the policy holders and protect their individual and collective interests.
• Innovate and adapt to meet the changing life insurance needs of the community.
• Involve all the people working in the corporation to ensure efficient and courteous service to the insured public.
• Promote amongst all agents and employees of the Corporation a sense of pride and job satisfaction through dedicated service to achieve the corporate objective.
Managing people to succeed in today’s highly competitive global environment is important. They offer the key ingredients for making Human Resources an active contributor for their organizational success.
The areas which their virtual university focuses on are:
• HR Practices
• Organizational Behaviors
• People Management
• Performance Management
• Recruitment and Retention
• Training and Development
HR PRACTICES
These have a continuing and significant influence on employment productivity. And look at the best practices in the industry to cope with an increasing number of employees encountering new working environments, cultures, restructuring and
OF INDIA LTD.
In 1956, the life insurance business of all companies was nationalized and a single monolithic organization, the Life Insurance Corporation of India (LIC), was set up. Today, life insurance is almost entirely in the hands of the LIC. The Post and Telegraph Department conduct some business in this area for its employees, but the volume of that business in relation to that of LIC, is negligible and declining.
The objectives of the LIC are to:
• Spread life insurance and provide life insurance protection to the masses at reasonable cost.
• Mobilize peoples' saving through insurance-linked savings schemes.
• Invest the funds to serve the best interests of both the policy holders and the nation.
• Conduct business with maximum economy, always remembering that the money belongs to the policy holders
• Act as trustees of the policy holders and protect their individual and collective interests.
• Innovate and adapt to meet the changing life insurance needs of the community.
• Involve all the people working in the corporation to ensure efficient and courteous service to the insured public.
• Promote amongst all agents and employees of the Corporation a sense of pride and job satisfaction through dedicated service to achieve the corporate objective.
Managing people to succeed in today’s highly competitive global environment is important. They offer the key ingredients for making Human Resources an active contributor for their organizational success.
The areas which their virtual university focuses on are:
• HR Practices
• Organizational Behaviors
• People Management
• Performance Management
• Recruitment and Retention
• Training and Development
HR PRACTICES
These have a continuing and significant influence on employment productivity. And look at the best practices in the industry to cope with an increasing number of employees encountering new working environments, cultures, restructuring and