Lic training and development(s@n@nd)
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  • 1. SANAND V S MBA I2 SNGCE
  • 2. About LIC (Life Insurance Corporation)  Established on 1st September, 1956, serving India since 54 years.  Life Insurance Corporation of India (LIC) is a Government of India enterprise, largest life insurance company in India.  LIC provides life insurance services primarily to the rural masses and the socially & economically backward sections of the Indian society.  Promotes money saving activities, offers attractive savings features along with various Insurance policies.
  • 3. 12th standard pass Age 18 and above LIC Agent Process
  • 4. • LIC, the most successful organization in India, is highly employee development-oriented as evident from the various training and development programs conducted by it to its different cadres of employees and field personnel at its internal training institutes. It also entered into a strategic alliance with various management schools to provide specialized training to its officers. Further, the LIC deputes its senior executives to various international training institutes so as to enable them to face the challenges of competition. Above all, it spends a huge amount of money on training and development. • To increase job performance, it is necessary to raise the skill levels and increase the versatility and adaptability of employees.
  • 5. • C B Memoria defined training as a process of learning a sequence of programmed behavior. It is an application of knowledge and it gives employees an awareness of the rules and procedures to guide their behavior. • The term development can be defined as the nature and direction of change taking place among personnel through educational and training processes.
  • 6. TRAINING STRATEGIES IN LIC: 1. Standard programme on repetitive basis. 2. Role orientation courses in functional areas. 3. Special courses and seminars. 4. Sales training for supervisory and field personnel.
  • 7. Methods of Training and Development 1) On the job training 2) Off the Job Training 3) Programmed instructions 1) On the job training: • Apprenticeship program • Job Instruction training • Job rotation
  • 8. 2.  Off the Job Training • Class room lectures. • Seminars / conferences • Simulation Exercise -Case study -Experiential exercises -Computer modeling
  • 9. Technology-Based Learning • • • • Basic PC-based programs Interactive multimedia - using a PC-based CD-ROM Interactive video Web-based training programs
  • 10. CONCLUSION Training plays a very important role in the success of any organization because directly or indirectly it affects the performance of the employees. In the insurance, employee’s behavior plays a vital role in improving the productivity of an organization. By incorporating personality development programmes such as role play, group discussion and business games the superior and subordinate relationship can be strengthened.