Impact of Recruitment Policy Change on Employee Performance in the Life Insurance Sector Evidence from Kerala, India
Arathy. R. Menon1, Jeayaram Subrahmanian2
1Arathy. R. Menon, Student, Department of Management, Amrita Vishwa Vidyapeetham Amritapuri India.
2Dr. Jeayaram Subrahmanian, Assistant Professor, Department of Management, Amrita Vishwa Vidyapeetham Amritapuri India
Manuscript received on 07 April 2019 | Revised Manuscript received on 20 April 2019 | Manuscript published on 30 April 2019 | PP: 274-279 | Volume-8 Issue-6, April 2019 | Retrieval Number: F3496048619/19©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Indian Life insurance market is changing tremendously from since 18th century, when the first company was established in Calcutta. Life insurance is a contract between an insurance policy holder and an insurer or assurer where insurer promises to pay a sum amount of money in exchange for a premium amount upon the death of an insured person. Earlier the life insurance industry was completely under the monopoly of Indian government that is LIC of India. Later this monopoly has been moved to a third phase on to a competitive market environment, where there were private and public sector life insurance companies under well designed regulatory environment. The reason for taking insurance is to give monetary insurance against misfortunes that might be brought about because of dubious issues brought about by inability, passing of a gaining relative or financial misfortunes. Therefore people usually opt for life insurance to reduce the uncertainty in life. So life insurance is vital to mitigate the loss against the life. This paper shows the difference in types of employees that one of the largest life insurance company in India, reference to Kerala, India. It also enable us to know the impact faced by the industry due to the usage and changes in HR practices and policy.
Keyword: Recruitment, Performance, Kerala Life Insurance, Training, Change in Policy, Employee Experience.
Scope of the Article: High Performance Computing