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Life Insurance Corporation of India

Life Insurance Corporation of India Statement by the Chairman, Shri T A Pai THE following is the Statement by Shri T A Pai, Chairman, at the Hundred and Seventieth Meeting of the Members of the Life Insurance Corporation of India held in Bombay on August 31, 1970:

The Oriental Fire and General Insurance Company Limited Speech of the Chairman, Shri T A Pai

starts with being a specialist, goes on to feeing what might be termed an industry professional and finally developing into a General Manager. At each level and throughout these processes of development, not only is training imparted on the job but also formal training is imparted in courses, seminars and project exercises making use of facilities inside the organisation such as the Company's residential training cen- tre in Calcutta as well as the many facilities available in Management Institutes, both in the country and abroad. Throughout this period there is a system for regular assessment based largely on performance in which training needs are regularly established and from which Managers are selected, strictly on merit, for further development and promotion to positions of higher responsibility.
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