A Study on HRM Practices in Life Insurance Corporation of India

This study based on 150 valid questionnaires and secondary data, an exploration was conducted through descriptive statistics to examine human resource practices being practiced in only public sector undertaking in India. To overcome the competition and to have edge, a company uses human resource practices for performance. Over the last 15 years, the life insurance sector has undergone phenomenal change in terms of insurance operations and insurance coverage with 24 life insurers, including LIC, has achieved a lot and there are many more to achieve. This study focuses on Life Insurance Corporation HR practices that affected organizational performance and withstood the leadership position in severe competition. Factorial analysis resulted training and development given more emphasis by the organization. Managerial implications are discussed.