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P14 PROGRAMME FOR YOUNG EXECUTIVES (LIFE) (Exclusively
for LIC of India) Background
The young and
dynamic officers of L.I.C. of India, who currently hold positions at the
level of Senior/Branch Manager, Administrative Officers/Assistant
Divisional Managers are the future torch bearers of the Corporation. It is
essential that they are groomed in such a way that they not only give an
excellent account of themselves in their present jobs, but are also
enabled to shoulder higher responsibilities in future. Objectives At the end of the
programme participants will be able to : Analyse the
various environmental factors and their impact on organizational
operations Develop
competencies required for operating in a competitive market-driven
environment Understand the
basics of change management Appreciate the
need of multiple channels of distribution and their handling Understand the
concepts of financial management Internalise the
philosophy of HRM and other concepts like Key Result Areas (KRAs) and Key
Performance Areas (KPAs) Understand the
source and use of data for effective decision making (Data Management
& Applications) Appreciate how
to leverage technology for better performance Update and
enhance knowledge of the mechanics of product development, valuation and
other technical aspects of life insurance Contents Environmental
scanning with special focus on : Liberalisation,
privatisation and globalisation Financial
sectors and the reform processes Demographic
changes Dynamics of
socio-economic factors Change
Management Life Insurance
Marketing
Issues in
insurance marketing Customer
relationship management Distribution
channels and their management Marketing
Research Case studies Finance &
Accounting Accounting and
reporting standards Life fund and
its management Solvency margin
norms Interpretation
of financial statements of Life insurance companies Convergence of
financial markets Capital Markets HRM
Global
perspectives in HRM Career planning Performance
appraisal with special reference to DOPA Leadership
dimensions Empowerment Inter-personal
skills Communication
Skills Identification
of training needs Personal
Growth Personality
Development Business Ethics Information
Technology Concept of data
management E-commerce
concepts Future trends in
I.T. for insurance IT solution to
CRM Data Security
and Data Integrity Insurance -
Technical Appreciation of
actuarial techniques Global trends in
product development Product
designing and pricing Valuation
aspects Quality, Cost
and Profit Relationship Legal &
Regulatory Aspects Global
perspectives in insurance regulations IRDA Regulations
Grievance
Redressal General Specific project
work relevant to his / her area of work to be given to the participants at early stage by
the coordinator. Book Review and
Project (Resume) Presentation to be submitted by the participant. Implication of
R.I. Act Participants
Profile Young officers in
the cadre of AO and ADM in Life Insurance Corporation of India up to the
age of 40 years. Homogeneity of the group to be maintained by the
nominating authorities. Duration:
3 Weeks Dates: I) 23.06.2008 - 12.07.2008 II) 18.08.2008 - 06.09.2008
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