A STUDY ON EFFECTIVENESS

OFRECRUITMENT AND

SELECTION PROCESSAT

BHARTI AXA PRIVAE LTD

INTERNAL GUIDE,Mr. E.Prem Kumar,Asst.Professor,Dept.of MBA,SV Colleges of Engineering,Tirupati.

EXTERNAL GUIDE,Mr. K.Sudhakar,Deputy Manager, Bharti AXA LIC Ltd,Tirupati.

RECRUITMENT SELECTION

Recruitment is a process of searching for the prospective employee and stimulating them to apply for the job in an organization is called recruitment.

It is also know as inviting the candidates to apply for the job in our organization.

Selection means choosing the best and suitable candidate among the applicants.It is also know as placing the right person at right job.

RECRUITMENT AND SELECTION

RECRUITMENT:

  SELECTION:

OBJECTIVES

RECRUITMENT AND SELECTION

RECURITMENT:

SELECTION:

SCOPE

INDUSTRY PROFILE

Definition:

HOW INSURANCE WAS STARTED :Insurance was started in 3000 bc.

The origins of modern, shall Insurance business as practiced to day can be traced to LLOYD`S COFFEE HOUSE in LONDON.

GI •General insurance.

LI •Life insurance.

• TRITAN GENERAL INSURANCE COMPANY LTD was the 1st GIC company started in INDIA.

• This was established in the year 1950 in Kolkata.• GIC was introduced by British people in India.• The company name is INDIAN MERCHAINTAIL

INSURANCE COMPANY LTD in 1907.• In 1971 the got takeover all these companies.• In India GIC ACT was started in 1972.• Then the GIC ACT came in to the force in 1st January

1973.

ABOUT GIC

GIC Central office – Pune.Agents – 9.88 lacks as on 31st march 2015.Divisional offices- 100.Branch offices – 2048.

UNDER GIC THERE ARE 4 MAJOR COMPANIES IN INDIA COMPANY NAME HEAD OFFICE

1.National Insurance Company Ltd – Kolkata.2.New India Assurance Company Ltd – Mumbai.3.Oriental India Assurance Company Ltd – New Delhi.4.United India Assurance Company Ltd – Chennai.

THESE 4 COMPANIES HAVE:

BRANCH OFFICES – 2699. DIVISIONAL OFFICES 1360. REGIONAL OFFICES – 92.

IT HAS 7 ZONAL AREAS:

1.Mumbai. 2.Kolkata. 3.Delhi. 4.Chennai. 5.Hyderabad. 6.Kanpur. 7.Bhopal.

ABOUT THE 4 MOJOR GIC COMPANIES IN INDIA

This LIC was introduced by the British people in INDIA. In 1880.

The ORIENTAL LIC was 1st LIC company established in INDIA at KOLKTA I in 1823.

The BOMBAY LIC was established at MUMBAI in 1839.

In the same year 1839 MADRASS EQUITABLE LIFE INSURANCE established at MADRASS .

LIC act was formed in 1938.

Till 1956, they have in 1ST SEP 1956.

GOVT took over all these insurance companies.

ABOUT LIC

Bharti Axa Life Insurance is collaboration between Bharti Enterprises and AXA Group.

Bharti AXA Life Insurance is a joint venture between Bharti, one of India’s leading business groups with interests in telecom, agric business and retail.

AXA, world leader in financial protection and wealth management.

Today, we have over 5200 employees across over 12 states in the country. Bharti AXA Life is a life insurance player that A Life is a life insurance player that was started in 2006.

VISION AND VALUES:

Vision: To be a leader and the preferred company for financial protection and wealth management in India.

Values: Professionalism, Innovation, Team Spirit, and Integrity.

MISSION

• Key Achievements:

• AXA Ranks no.1 Globally on net written Premiums', 2010

• AXA had US$ 107.9 billion in net written premiums in 2010.

• Rocketed to No. 2 position as against No 6 at the end of last financial year amongst Pvt. Life Insurance cos., with a clear lead

of Rs 240 Cr.

• Fastest growing insurance company with 380% growth

• Market share jumps almost 4 times from 0.95 % to 3.39 % amongst all life Insurance cos.

• Increased its product portfolio from 7 to 19 simple and flexible products

• Launched complete suite of employee benefit solutions (Group products for Corporate)

• No.1 Pvt. Life Insurer FY 2006. Leading by RS. 78Cr.

• No.1 Pvt. Life Insurer in Retail Business Leading by RS 339 Cr.

• Up 0.2 from the previous year to command the position worlds leading insurer.

• Have sold over 13,00,000 policies to satiated customers

• Is backed by a network of 550 offices spanning the country

• Accelerated Growth

Competitors

• The main competitors for Bharti AXA Life Insurance Co Ltd are:• Life Insurance Corporation of India• ICICI Prudential Life Insurance Co. Ltd• Birla Sun Life Insurance Co. Ltd• HDFC Standard Life Insurance Co. Ltd• INC Vysya Life Insurance Company Pvt. Ltd• Max New York Life Insurance Co. Ltd• Met Life India Insurance Company Put. Ltd.• Kotak Mahindra Old Mutual Life Insurance Limited• SBI Life Insurance Co. Ltd • Tata AIG Life Insurance Company Limited• Reliance Life Insurance Company Limit• Aviva Life Insurance Co. India Pvt. Ltd• Sahara India Life Insurance Co, Ltd• Shriram Life Insurance Cu, Ltd

Sandeep Ghosh,(CEO).

BOARD OF DIRECTORS

Nagina is the Chief Human Resource Officer

VineetPatni is the Chief Distribution

Officer

Rajeev is currently the Chief & Appointed Actuary

Company Name BHARTI AXA

Tag Line JEEVAN SURAKSHA KA NAYA NAZARIYA.

Started Year 2006. CEO Sandeep Ghosh.Chief Human Resource Officer Nagina.Chief Distribution Officer Vineet patni.Currently The Chief And Appointed Actuary

Rajeev.

Training Manager Mastan.Financial Head Shaik Jahangir.Deputy Manager K.Sudhakar.Total Branches 123.No Of Policies 13,00,000.South Region Branches 11.Shares Of BHARTI 51.Shares Of AXA 49.Employees' Of BHARTI AXA at Each Branch Minimum

25.

COMPANY DETAILS

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