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HR practices at reliance life insurance

HR practices at reliance life insurance

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Published by priyanka90

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Published by: priyanka90 on Apr 02, 2010
Copyright:Attribution Non-commercial


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Executive summary
This report is a culmination of my project conducted during the period01.06.2009 to 31.07.2009 as a part of my Summer Training. This report is based on human resource practices in life insurance at Reliance Life Insurance New Delhi.Reliance Life Insurance is an associate company of Reliance Capital Ltd., a part of Reliance - Anil Dhirubhai Ambani Group. Reliance Capital is one of India’s leading private sector financial services companies, and ranks amongthe top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital has interests in asset management and mutualfunds, stock broking, life and general insurance, proprietary investments, private equity and other activities in financial services.“PEOPLE” is the most important and valuable resource every organizationhas in the form of its employees. Dynamic people can make dynamicorganizations. Effective employees can contribute to the effectiveness of theorganization. Competent and motivated people can make things happen andenable an organization to achieve its goals.Organizations have now started realizing that the systematic attention tohuman resources is the only way to increase organizational efficiency in terms productivity, quality, profits and better customer orientation.HR can help deliver organizational excellence by focusing on learning,quality, teamwork, and through various employee friendly strategies.
Today with a lot of MNC’s coming in India, the amount of competition hasincreased to such an extent that organizations have further aggrieved their stress on proper man management.
Research objective:
To identify human resource practices applicable in thelife insurance industry.
My Learnings during the Project
The entire project was great learning experience. It give me a good exposurewhich I needed being a student. Though I had theoretical inputs in the class
 but this was the experience of actually implementing it. Working in the fieldgave me the idea about the intricacies of the market and corporate culture of the company.
Training Details and learnings:Corporate Culture:
We got to learn various norms followed at a corporatehouse like:
Our industry guide Mr. Nimit Verma was very particular about our time of reporting to the office. He insisted that we shouldreach on time to office. This has helped me to inculcate an element of  punctuality to my life.
Inter-personnel relationships:
The employees at Reliance LifeInsurance shared good inter-personnel relationships. They werealways ready to help and guide each other. There was a friendlyatmosphere all around. This helped me to learn that one cannot be agood manager without the support of his colleagues.
We were trained about all the elements of marketing. These were:
Product training:
A training was given to us about various products of Reliance. The features of these products were discussed in detail. If wedon’t have a clear understanding of a plan, we can’t explain it properlyto the customers and this leads to their dissatisfaction. It becomes verydifficult to pitch the product and generally leads to misselling.

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this project helped me alot..thanks !! :)
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pls send this project
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