The document discusses job evaluation methods at Life Insurance Corporation of India (LIC). It describes LIC's mission to provide financial security through insurance products. It also discusses different job evaluation methods like ranking, classification, factor comparison and point methods. Benefits of job evaluation for LIC and employees are highlighted. LIC Jeevan Arogya health insurance plan offers comprehensive benefits for employees and retirees. LIC remains the largest insurer in India with the most offices and policies in force.

1. Human Resource Management .Job Evaluation In Bank & Insurance Company

2. Members

3. LIFE INSURANCE CORPORATION OF INDIA

4. INTRODUCTIONThe Life Insurance Corporation of India (LIC) (Hindi भारतीय जीवन बीमा निगम) is the largest state-owned Life Insurance company in India and also the country's largest investor. It is fully owned by the Government of india

6. mission and visionMISSION: “Explore and enhance the quality of life of people through financial security by providing products and services of aspired attributes with competitive returns, and by rendering resources for economic development."

7. Vision"A trans-nationally competitive financial conglomerate of significance to societies and Pride of India."

8. OBJECTIVEMaximize mobilization of people's savings by making insurance-linked savings adequately attractive.

9. Conduct business with ulmost economy and with the full realization that the moneys belong to the policyholders. Act as trustees of the insured public in their individual and collective capacities.

10. The various life insurance needs of the community that would arise in the changing social and economic environment. HISTORY AND IMPLEMENTATIONThe Oriental Life Insurance Company, the first corporate entity in India offering life insurance coverage,was established in culcutta 1818 by Bipin Bernard Dasgupta and otHers.

11. The Life Insurance Act and the Provident Fund Act were passed in 1912, providing the first regulatory mechanisms in the Life Insurance industry.

12. The Indian Insurance Companies Act of 1928 authorized the government to obtain statistical information from companies operating in both life and non-life insurance areas.

13. JOB ANALYSISJob analysis is a study of a job in order to find out when an employee does and what are the skills that are require to do his job.

14. Job Analysis Involve study of the nature of job and qualities and qualifications require for performing the job. Components of Job Analysis

15. Job Description A job description is a board statement of the purpose, scope, duties, and responsibility of a particular job.

16. JOB SPECIFICATION A job specification is a statement of the minimum acceptable human qualities necessary to perform a job properly

17. JOB EVALUATIONJob evaluation is the process of systematically determining a relative internal value of a job in an organization.

18. In all cases the idea is to evaluate the job, not the person doing it. JOB EVALUATION METHODRanking method:

19. Classification method:

20. Factor comparison method:

21. Point method:COMPARISION OF JOB EVALUATION METHOD (ADV & DIS.ADV)JOB RANKING METHOD

22. Grading method

23. Point system method

24. Factor comparison methodOBJECTIVE OF JOB EVALUATION

25. BENEFITS OF JOB EVALUATION

26. COMPARATIVE STUDY OF LIC & ICICILIC VS ICICI

27. WHY LIC IS BETTTER THAN OTHER INSU CO.Member of INSU CO. IN INDIA

28. No of Offices

29. First Year Life Insurance Premium