Special Correspondent

Foundation stone laid for sales training centre in Shimoga

SHIMOGA: Zonal manager of the south central zone of Life Insurance Corporation (LIC) of India, Hyderabad, T. Chattopadhyay, said on Tuesday that the staff and others concerned in the LIC should not take private players in the insurance sector lightly as they too were in a position to give a tough competition to LIC.

Addressing a gathering after laying the foundation for the sales training centre of the Udupi division of the LIC here, he said the presence of private players in a highly competitive insurance market should not be overlooked.

He said the only way for LIC to continue to be the leader in the insurance sector was to sell its products by assuring better returns.

"You must constantly strive to give better service to customers offering policies of lesser premium with more value to them," he said.

Mr. Chattopadhyay hoped the sales training centre would help improve LIC's performance. "If you under-perform you have to blame yourselves," he told the staff members.

Chief engineer, LIC of India, south central zone, Hyderabad, K.P. Bhat said the sales training centre, which would be constructed using renewable material at an estimated cost of Rs. 4.5 crore, would be the first green concept building of the LIC in the country.

He said the building, which would have a built-up area of 37,500 square feet, would be completed by July 2008.

Deputy chief engineer, LIC of India, south central zone, Hyderabad, P.K. Sangam, spoke.

Senior divisional manager of LIC, Udupi Division, S. Behera, welcomed the gathering. Manager of LIC unit I, Sudheer Kumar Shetty, proposed a vote of thanks.

Mr. Chattopadhyay felicitated LIC agents, development officers and architects.