LIC was established in 1956 and is the largest life insurance company in India. It primarily serves rural and socially/economically backward sections of society. LIC offers various insurance policies and savings features to promote money saving. It is highly development-oriented, conducting extensive training programs both internally and through partnerships with management schools. Training aims to increase employee skills, versatility, and adaptability to improve job performance. LIC employs various training strategies including standard, role-based, and sales training programs using on-the-job, off-the-job, and technology-based methods.