Reliance Life Insurance is a subsidiary of Reliance Capital, which is one of India's leading private sector financial services companies. The document outlines Reliance Life Insurance's organizational structure, methods of directing employees and communication, motivational techniques, and processes for controlling sales. Key aspects of the organizational structure include hierarchical levels of managers from advisors up to national heads. Motivation is achieved through commissions, contests, career growth opportunities, and club memberships based on sales targets. Controls are also sales-focused and ensure managers monitor and report on employee routines and quotas.
Training and Development in WIPRo
Wipro have an in-house training department that handles continuous training of employees.
Those with less than one year of experience are taken through a well-structured induction/training program. This will cover all aspects of software development skills that are required.
To meet the ever-changing requirements in training, wipro have rolled out their e-learning initiatives, which is available to all employees. Their "Virtual Campus" runs with the objective of building a vast learning community on the Net. The facility of "Training on demand" enables the individual to be in complete charge of his own learning experience.
Hiii guys this ppt describes the whole picture of TVS motors a leading two wheeler manufacturer in india where each and everything is included with few graphical effects...a good ppt to know about the company
Power Point Presentation on reliance industriesPiyush Rane
In this presentation all the information of reliance industries is present from the day it originated and it covers all the services provided by reliance industries also
Reliance Industries Limited Company Full PresentationAyush Goel
Topics covered in this PPT
1. Company Overview
2. Organization Structure
3. Policies of the company to motive employees
4. Recruitment, Training and
5. Key parameters of the Financial Statement
6. Business Environment and competitor analysis - PESTEL, SWOT, and Porter's five forces
7. Corporate social responsibility initiatives
8. Marketing Strategy and Target Customer Groups
9. Key IT/technological transformations
10. References
Training and Development in WIPRo
Wipro have an in-house training department that handles continuous training of employees.
Those with less than one year of experience are taken through a well-structured induction/training program. This will cover all aspects of software development skills that are required.
To meet the ever-changing requirements in training, wipro have rolled out their e-learning initiatives, which is available to all employees. Their "Virtual Campus" runs with the objective of building a vast learning community on the Net. The facility of "Training on demand" enables the individual to be in complete charge of his own learning experience.
Hiii guys this ppt describes the whole picture of TVS motors a leading two wheeler manufacturer in india where each and everything is included with few graphical effects...a good ppt to know about the company
Power Point Presentation on reliance industriesPiyush Rane
In this presentation all the information of reliance industries is present from the day it originated and it covers all the services provided by reliance industries also
Reliance Industries Limited Company Full PresentationAyush Goel
Topics covered in this PPT
1. Company Overview
2. Organization Structure
3. Policies of the company to motive employees
4. Recruitment, Training and
5. Key parameters of the Financial Statement
6. Business Environment and competitor analysis - PESTEL, SWOT, and Porter's five forces
7. Corporate social responsibility initiatives
8. Marketing Strategy and Target Customer Groups
9. Key IT/technological transformations
10. References
Presenter: Sunder Krishnan - IRDA
Risk Management Strategy
Risk Management Framework
Enhancement and Extension of risk framework across
Support to Risk Based Capital
Rating for ERM (Enterprise Risk Management)
Self Risk Management
Self Risk assessment across functions and decentralization
Facilitation process
Corroborative Risk Management
Automated Risk Management
Quantitative Risk Management tool
Embedding risk management in process, technology and trainings
EXCELLENT OPPURTUNITY FOR BRIGHT CAREER
• IF YOU ARE LOOKING FOR ORGANISATION WHERE YOU
• DECIDE YOUR OWN TIMINGS TO WORK,
• CAN EARN AS MUCH YOU WANT AND
• PROVIDES EVER INCREASING INCOME,
• FACILITY OF CAR
• TELEPHONE
• COMPUTER ETC.
AND ALSO SECURED FUTURE
JOIN AS AGENT OF LIFE INSURANCE CORPORATION OF INDIA
OPPURTUNITY FOR MALE/FEMALES/HOUSEWIVES/C.A.’S/ OR ANY
PERSON ZEAL TO GET ALONG WITH PEOPLE
ALSO CONTACT FOR INSURANCE PLAN FOR YOUR NEEDS
SANJEEV HANDA
Sr. Business Associate
9810163246
handa1502@gmail.com
Historically we have seen the deficiency of a professional governance business model in SME industry which results in poor performance and outdated work culture, as a result in current times there is an imperative need for SME business houses to have a visionary leader and mentor who is professionally experienced with right depth of business management acumen to spearhead conventionally run family dominated corporations with a new thinking that while steering the company in the right direction. Riskpro feels proud to launch its unique and unmatched service to SME’s across industry with our Independent Director’s for SME’s services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
“We are quoted in recent Economic Times news as among fastest growing risk consulting firms in India.”
Historically we have seen the deficiency of a professional governance business model in SME industry which results in poor performance and outdated work culture, as a result in current times there is an imperative need for SME business houses to have a visionary leader and mentor who is professionally experienced with right depth of business management acumen to spearhead conventionally run family dominated corporations with a new thinking that while steering the company in the right direction. Riskpro feels proud to launch its unique and unmatched service to SME’s across industry with our Independent Director’s for SME’s services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
“We are quoted in recent Economic Times news as among fastest growing risk consulting firms in India.” (Click for more details).
Problems and Prospects of Border Trade between North east India and BangladeshSwarnima Tiwari
Abstract: Though trade between India and Bangladesh forms only a small part of the total trade, enhancing bilateral trade is of high importance to both countries. For India, increase in trade with Bangladesh would help to address many concerns of economic isolation of its backward north eastern states and generate new market opportunities for small-scale producers from the impoverished hinterlands of eastern states. For Bangladesh, wider areas of cooperation, investment and allied development opportunities will be thrown open with greater trade openness with India. Moreover, both India and Bangladesh has long-standing commitments toward regional economic cooperation in South Asia, of which their bilateral trade is a significant part. Bilateral economic relation between India and Bangladesh has grown since the latter got independence in 1971, albeit at a slow pace. Ups and downs in the political relations between the two countries have had a strong bearing on development of their economic ties. In recent years, both countries have registered good growth rates and have made significant progress in social development. Bilateral trade has also grown, as a result of open economic policy outlook of both countries. Among South East Asian countries, Bangladesh is the largest trading partner of India, with total bilateral trade crossing US$ 5.5 billion in the year 20122. The two-way trade flow between them was US$ 1.08 billion in year 2002. This puts the annual average growth in trade at about 4.7 percent. The present paper tries to highlight the problems and prospects of border trade for North-East India and Bangladesh as a part of India’s look east policy.
Key words: India’s look East Policy, Bilateral trade, South-East Asia, look-East Policy
1. A Reliance Capital company
Presentation
on
Organizational Structure
Directing and Communication
Motivation
Communication
&
Controlling
in
Reliance Life Insurance Company Ltd
2. Company background
Reliance Life Insurance co. Ltd is a part of reliance capital Ltd. Of the Dhirubhai
Ambani Group. Reliance capital is one of India’s leading private sector
companies, and ranks among the top 3 private sector financial service and
banks in terms of net worth. Reliance capital has interest in asset management
and mutual funds, stock broking, life and general insurance, proprietary
investments, private equity and other financial services.
Reliance capital Limited (RCL) is a non-banking financial company (NBFC)
registered under Reserve Bank of India under section 45-IA of the reserve bank
of India Act, 1934.
Reliance capital seems immense potential in the rapidly growing financial
services to become a dominant player in this industry.
Reliance Life Insurance is another step forward for Reliance Capital Limited to
offer Life Insurance solutions to individual and corporate. Reliance life
Insurance also has presence in communications, natural resources, media
entertainment, health care and infrastructure.
A Reliance Capital company
3. A Reliance Capital company
Vision and Mission:
Vision:
Empowering everyone live their dreams.
Mission:
Create unmatched value for everyone through dependence, effective
transparent and profitable life insurance and pension plans.
Goals:
Reliance Life Insurance would strive to achieve the 3 goals mentioned below:
Emerge as a transparent Life insurer of global scale and standard.
Create best values for customers, shareholders and stake holders.
Achieve impeccable reputation and credentials through business practices.
4. A Reliance Capital company
Organizational Structure
SSM SM PSM JSM ASM ESM BDM
Associate
Sr Partner Sr BDM partners Partner
Advisor/Agent
6. Directing & Communication
Directing: Directing is one of the basic function of management
and is very essential for the success of any organization. Directing
is also practices in Reliance Life Insurance Co. Ltd. In reliance
Life Insurance Co. Ltd the lower level managers are directed by
their immediate superior. For example the advisors are directed by
their sales managers, sales managers are directed by branch
managers or territory managers; branch or territory managers are
directed by regional managers and Regional mangers are directed
by Zonal business Managers and ZBM’s are directed by National
heads and so the National heads are directed by Group President
and CEO. Each manager is responsible for its subordinates.
A Reliance Capital company
7. Communication:
Effective communication is very essential for any
organization, so reliance Life Insurance also focuses on
having an effective communication in their company.
Reliance Life Insurance has both formal and informal
type of communication, which is mostly in downward
direction, but sometimes they even follow upward
communication depending upon the situation, which may
be written and verbal, but mostly they follow written
communication. Superiors generally contact with their
subordinates through their immediate boss or through
emails over telephone.
A Reliance Capital company
8. A Reliance Capital company
4. Motivation
Commission: all the advisors in Reliance Life Insurance Co. Ltd are given
commission on all the policies they bring to the company, at a fixed rate.
Contest Payouts: They run contests through out the year among the
advisors to motivate them to work hard to get the benefits of commission.
Foreign trips: the company also gives foreign trips to the advisors with
outstanding performance, with the motive to motivate the advisors.
Career: The Company also provides the advisors with a scope of career
advancement, if he/she gives a business of 3 lakh with 30 policies within a
financial year, given that the person is a graduate. Then he/she will be
promoted as a sales manager in the company.
Club Membership: the company also runs a another type of contest known
as club membership, in which if a advisor fulfills the criterion, he or she will be
rewarded as a club member of the company. He following are the criterion to
become the club member of Reliance life insurance co. Ltd:
10. A Reliance Capital company
MDRT/COT/TOT
The Premier Association of
Financial Professionals.
An exclusive honor achieved
only by a small percentage of all
life .
Insurance and financial services
advisors worldwide.
the highest recognition in
insurance internationally.
how to get there..?
12. Controlling
Controlling is very important process through which managers ensure
that actual activities conform to planned activities. Reliance Life
Insurance co Ltd also follows control techniques to ensure that their
plans are best achieved. Since Reliance Life Insurance Co. Ltd is a sales
oriented company its basic aim to maximize its sales. So control is
Reliance Life Insurance Co. Ltd is basically carried out to ensure that the
sales are at their peak. Controlling in Reliance Life Insurance Co. Ltd is
done in many ways. Each manager‘s activity is observed by his/her
immediate boss. Each manager have been given some specific set of
routine which he or she has to follow and if any manager does not
follows it the senior manager has to report it immediately to his
immediate boss and take necessary action against the person.
A Reliance Capital company
13. Conclusion:
Reliance Life Insurance is among the top ranked insurance company in the
private sector. The company is running successfully because of good selection
procedure, training programs, motivational tools, directing and communications
and efficient and effective controlling. Reliance Life Insurance is successful with
ethics. They require business but never misled public. They claim to follow all
the rules and regulations issued by the company. They are amongst the top
players in India to be certified with ISO 9000:2001 for all its processes
From the study conducted it can be concluded that Reliance life insurance
successfully carries out all the functions like directing, communication,
controlling, and motivation. The organizational structure of Reliance Life
Insurance Co. Ltd is of Agency type and is a vertical and hierarchical and
formal in nature; which consists of the top level managers; middle-level
manager and the lower level managers.. In case of directing the lower level
managers are directed by their immediate superior. And they communicate both
in formal and informal type of communication, which is mostly in downward
direction, but sometimes they even follow upward communication depending
upon the situation, which may be written and verbal, but mostly they follow
written communication.
A Reliance Capital company
14. Reliance Life Insurance also uses various motivational tools to
motivate sales personnel and sales force. It motivates its sales
force mainly through financial and non-financial tools like money
or money’s worth, like wages and salaries, bonus, medical
benefits, commission, incentives like praise, knowledge of results,
participation in management opportunity for growth, conductive
work environment, challenging job rewards and recognition
facilitation and internal competition . The company takes special
care to motivate its sales manager, apart from salary, the
company also gives its employees incentive, promotion, rewards
and recognition, foreign trips and the most important is the
company’s share. It execute control over its sales force by giving
them targets, sales quota, and giving them a routine, which every
manager should follow.
A Reliance Capital company
15. A Reliance Capital company
Bibliography
1.Beri G.C, “ Marketing Research”3rd edition (new delhi:Tata
Megraw –hill publishing company limited)
2.Khanka S.S, “Organizational Behavior” (New Delhi: S.Chand &
Company Ltd.)
3.Koontz Harold and Weihrich Heinz,” Essentials of Management”
sixth edition (new delhi:Tata Megraw –hill publishing company
limited).
4.Internet(www.reliancelifeinsurance.com)
5.Triphati P.C, “Principlas of Management