Human Resource Development in LIC of India

Author:Trilochan Sharma

Abstract:
The Life Insurance Corporation of India established in 1956. It was a big step by the Union Government to nationalize the life insurance business. The government passed an act in the parliament to nationalize the life insurance business. This act called as Life Insurance Corporation Act 1956. The LIC was a single life insurance player in the Indian Market till the year 2000. The Government of India was open the Insurance Market in the year 2000. It has broke the monopoly of LIC in the Life Business. The Corporation has a largest human resource in insurance business. For the proper utilization the corporation running different training program. The corporation collaborates with world repute organizations to provide the proper training to their personals. The corporation is providing in house and external training both. Corporation has Zonal training Centre, Divisional Training centre and Agent Training Centre for in house training of personals. The corporation is collaborating with IIM, XLRI, MDI and other national repute Institute for human resource development. The corporation covered 89 percent of employees under the training in the year 2012-13. It arranged 115 training program in the year 2012-13.

Keywords:Keywords: Organizational Development, Carrier Development, Employee Orientation, Skill and Technical Training, Management Training, Supervisory Development.

DOI:

International Journal of Trade & Commerce (Vol: 4 Issue:1)