PROJECT REPORT

ON

HRM IN INSURANCE

BACHELOR OF COMMERCE IN BANKING & INSURANCRE

(SEMESTER VI)

Under the Guidance of

PROF. RESHMA JAGYASI.

Submitted by

SHRADDHA KISHOR SURWADE

ROLL NO.1628042

SHRI SIDH THAKURNTH COLLEGE

OF ARTS & COMMERCE

ULHASNAGAR-421004

UNIVERSITY OF MUMBAI

2017-2018
 PROJECT REPORT

ON

HRM IN INSURANCE

BACHELOR OF COMMERCE IN BANKING & INSURANCRE

(SEMESTER VI)

Under the Guidance of

PROF. RESHMA JAGYASI.

Submitted

In Partial Fulfilment of the Requirement for the Award the Degree

Bachelor of Commerce in Banking and Insurance

Submitted By

SHRADDHA KISHOR SURWADE

ROLL NO.1628042

SHRI SIDH THAKURNTH COLLEGE

OF ART & COMMERCE

ULHASNAGAR-421004

UNIVERSITY OF MUMBAI

2017-2018
 DECLARATION

I SHRADDHA KISHOR SURWADE I student of TYBCBI (Bachelor of commerce in

banking & insurance) hereby declare that I have completed on HRM IN IINSURANCE in
the academic year 2017-2018.

The information submitted is true & original to the best of my knowledge.

SIGNATURE
(SHRADDHA KISHOR SURWADE)

(TYBCBI)
 ACKNOWLEDGEMENINT

It is my pleaser to be indebted to various people, who directly or indirectly contributed in the

development of this project and who influenced my thanking, behaviour and acts during of
study.

I express my sincere gratitude to the UNIVERSITY OF MUMBAI and my college for giving
me this opportunity for taking this project, which has enhanced my knowledge about HRM
IN INSURANCE.

It is my deep gratitude, I would like to thank PROF.RESHMA JAGYASI under the guidance
of whom I was able to complete my project successful. I wish to thank her for all useful
discussion and timely suggestions of the related topic and invaluable help during the project.

I also extend my sincere appreciation to all the people who helped me to complete the
project by their suggestion and valuable information.
 EXCUTIVE SUMMARY
In all chapter studied HRM in insurance. In first chapter explain introduction of insurance,
meaning of insurance, function of insurance, features, Principles and definition of insurance.
In second chapter you will see all information about HRM and HRD in insurance.
In further chapter include all the information about Human Resource Planning.
In fourth chapter include operating functions of HRM.
Next chapter include job evaluation , job design and job evaluation .
It is important for you to understand HRM IN INSURANCE.
 RESEARCH METHODOLOGY

This project is prepaid with the help of practical knowledge as well as

practical knowledge of pool of advice and suggestion from the concerned
from Prof . RESHMA JAGYASI of the subject for this information is
also search from net and various websites related to HRM in insurance.
Objectives
 INDEX

SR. NO. TOPICS PAGE

NO.
Chapter 1. Introduction on insurance
1.1 Introduction of insurance
1.2 Meaning
1.3 Definition 1-6
1.4 Features of insurance
1.5 Function of insurance
1.6 Type of insurance
1.7 Principles of insurance
Chapter 2. Introduction to Human Resource 7-16
management
2.1 Introduction
2.2 Definition
2.3 Function of HRM
2.4 Importance of HRM
2.5 Personal policies
2.6 Human resource development
2.7Concept and definition of HRD
2.8 Scope of HRD
2.9 Needs of HRD
2.10 Principle of HRD
Chapter 3. Human Resource Planning
3.1 Introduction 17-24
3.2 Concept
3.3 Steps of HRP
3.4 Objective of HRP
3.5 Scope of HRP
3.6 Importance of HRP
3.7 Succession planning
3.8 Promotion and transfers

Chapter 4. Operating functions of HRM 25-40

4.1 Recruitment
4.2 Selection procedure in GIC
4.3 Recruitment planning process
4.4 Evaluation of Recrution
 4.5 Training and Development
4.7 Training policy of GIC
4.8 Levels of training
4.9 Developing an effective training program
me.
4.10 Compensation management
4.11 Type of compensation
4.12 Reward and Incentives compensation
4.13 Features of Reward system
4.14 Performance appraisal management
process
Chapter 5. Job analysis , job design and job evaluation 41-47
5.1 Introduction
5.2 Focus of job
5.3 Character of job
5.4 job analysis
5.5 stages job analysis
5.6 job specification

Chapter 6. Questionnaire 48-50

Conclusion 51-53
Annexure
1 Bibliography
2 Websites