Comparative Study On Skill Development In Public And Private Sector Insurance Companies In Bhopal Division

Abstract

newline Insurance is that we all own in one form or another. Whether it is auto, medical, liability, disability or life, insurance serves as an excellent risk-management and wealth-preservation tool. The dynamics of this sector changed after private sector was allowed into the insurance business in 2000 and the monopoly of LIC ended there after many researchers and companies identified the need of skill development to increase their business and its quality. Skill Development means developing yourself and your skill sets to add value for the organization and for your own career development. newlineThis sector is growing at a good pace post 2000 and skill development is highly important vector for its future growth and development. The study is related to the comparison of skill and development in public sector and private sector life insurance companies in Bhopal division. The thesis is the final research work of my PhD in management. It serves as a document of my research work, during the study which is under taken from July-2014 to Dec-2020. It was a true learning experience wherein many books were dug, several journals were comprehended, numerous research thesis were examined and assortment of other relevant sources were analysed to initiate and conclude this profound study. newlineThe current research is organized into six chapters for better comprehension and understanding of the study. In order to initiate with the study, first chapter includes the background of the study, scope and concept of insurance also the outline of the chapter scheme, presents the general introduction and conceptual framework of the topic. Definition of various terms and types of insurance is also discussed in this chapter. Second chapter deals with extensive review of literature on Insurance and skill development to validate the study and also give an overview on past research undertaken related to Insurance and skill development. Third chapter discusses the rational of the study along with objectives of the study, it also carries desired