INTRODUCTION

•Employee satisfaction or job satisfaction is, quite simply, how content or satisfied
employees are with their jobs. Employee satisfaction is typically measured using an
employee satisfaction survey. Factors that influence employee satisfaction
addressed in these surveys might include compensation, workload, perceptions of
management, flexibility, teamwork, resources, etc.

•The employees are the main assets and strength of the organization as their hard
work and maximum participation has increased the profits. It is found that most of
the employees are dissatisfied with the compensation in their organization. So the
company gather accurate feedback and make a change in their compensation as
high percentage.

• It was also found that the company has founded the impact of job satisfaction and
try to increase hike of compensation in the organization. The overall job satisfaction
of all the employees are good. It was observed that organization politics is more in
all the level of the organization. LIC prudential life insurance company is one of the
leading insurance providers is now one of the best place to work.
INDUSTRY PROFILE

• MACRO SCENARIO
The corona virus (COVID-19) pandemic has spread quickly around the world and
infectionrates are still rising in many countries. While the restrictions imposed
by governments are limiting the health consequences, widespread disruption to
travel, business operations and supply chains means that both individuals and
businesses face significant costs and losses. Many will be expecting their
insurance coverage to reimburse some of these costs and losses.
• MICRO SCENARIO
Now a day’s India has a huge protection gap, the impact of which is felt in the
middle and poor group that is mass or rural market. The industry is also is
additionally sharp and the greater part of the enormous life guarantors offer
small scale protection items. The pandemic has pushed organizations across
divisions to change the manner in which they work and the protection business
is no special case. From offering new approaches to settling claims, the all-
inclusive lockdown in the wake of covid-19 has pushed insurance agencies to
rely vigorously upon their computerized engineering.
COMPANY PROFILE

• Life Insurance the Corporation of India was established in 1956, when the
Parliament of India passed the Life Insurance of India Act that nationalized the
private protection industry in India. More than 245 insurance agencies and
opportune social orders were converged to make the state possessed Life
Insurance Corporation.
• It is the biggest disaster protection organization in India and furthermore the
nation's biggest financial specialist.
KEY FUNCTIONAL AREA
• Marketing Department:
It is responsible for branch performance and is the single point of contact for supervising them.
The department is responsible for judging the quality of work done in branches through its
sections sales, policy-holders’ service section, sales training section and branch support section.
• New Business and Actuarial Department:
New Business and Actuarial Department is responsible as specialists to decide on the proposal
referred to the divisional office in respect to all individual, SSS and GSD proposals, cheque,
Declined Life Index Cards and undertake supervisory, inspection tasks, vis-a-vis branches.
• FINANCE DEPARTMENT:
The Accounts Departments is responsible for supervision of accounts in the branches, collection
of branch accounts and all the accounting functions in the division, also training of staff and test-
checking how well the work in branches is being done
• Legal and Mortgage Department:
The legal and mortgage department has the responsibility for all legal and mortgage loan work
in the division. They advise branches when required for mortgage loans and legal matters.
• Office Management Department:
The office management department consists of two divisions; (a) Purchase Section which has
responsibility for purchases, inventory and materials utilization and (b) Service Section that
consists of security dispatch, duplicating and office services, transportation etc.
ORGANISATIONAL STRUCTURE
RESEARCH METHODOLOGY

• Descriptive methodology approach has been used to for this study. Examination
process includes recognizing an issue and gathering, dissecting and detailing the
data with the end goal of dynamic. he Project entitled "A study on employee
satisfaction on employees in LIC" is an examination planned to get to Information
about whether the representatives are faithful towards the organization.
Enormous quantities of administrations are entering the market step by step so
the opposition among the items likewise increments. Because of this the
manageability of the brand in the market is fundamental.
• Simple Random Sampling: Simple random sampling is described as a sampling
technique in which every object within the population has a fair threat of being
selected inside the pattern. Here the selection of gadgets entirely depends on
success or opportunity, and consequently this sampling approach is likewise from
time to time called a way of opportunities.
• Sampling Unit = 50
LIMITATION OF THE STUDY:

There are a couple of limitations which occurred in this

assessment as they follow:
• The study is obliged to the level of information given by
company officials.
• Certain factors were treated as significantly ordered by the
organization along these lines all around data couldn't be
assembled.
• In various cases discretionary data was not open, considering
the oral information data is accumulated and presented.
Uneven information if any may be contained in this report.
• The time extend allowed to lead was limited.
FINDINGS

• It is discovered that the workers of LIC are consistently occupied

with react to the solicitations of clients/strategy holder
• It is discovered that most of the clients has a sense of security
and communicated their satisfaction in their exchanges with LIC.
• It is discovered that the insignificant bit of the representatives in
LIC don't give individual consideration to the issues of clients.
• It is discovered that the immaterial bit of the workers in LIC don't
have the information on all the approaches of LIC.
• Competition with other organization.
• Healthy relationship with the administration and work for the
development of the firm
SUGGESTION

• A-time restriction ought to be fixed for the implantation of tasks for

employees

• More business openings should be improved when employees are more

satisfied

• Find better approach for exposure of employees satisfaction

• Reduce the whole between client desires regrading employees

CONCLUSION

Subsequent to updating the all circumstance that supported various Pvt.

Organizations related with global in the Insurance Sector to give befitting
rivalry to the built-up behemoth LIC in open segment, come at the resolution
that: there is extreme rivalry among the private insurance agencies fair and
square of new pattern of publicizing to calm a significant piece of Customers
isn't deserted in the current race of notice. The section of the Pvt. Major parts
in the Insurance Sector has extended the item portion to meet the distinctive
degree of the necessity of the clients Private back up plans have confined
reach to the clients. LIC has immense market and exceptionally firm protection
items. Bank confirmation - that permits life safety net providers to use on the
hazard item through bank arrange, was embraced by private players. In any
case, LIC was likewise not abandoned as getting greater part stake in the
enterprise Bank and huge value stake in the Oriental Bank of Commerce.