CHAPTER 1

EXECUTIVE SUMMARY
 Project study report consists of brief description of company SBI LIFE
INSURANCE CO. LTD., NASHIK, the special focus on the human resources.
My topic was “PERFORMANCE APPRAISAL AT SBI INSURANCE
COMPANY” along with significant findings & suggestions that give idea how
many the employees in the company are satisfied and not satisfied with welfare
facility of the company.

, “Performance appraisal is the process of evaluating the performance and

qualifications of employees in terms of the requirements of the job for which he

is employed, for the purpose of administration including placements, selection

for promotions, providing financial rewards and other actions which require

different treatment among the members of the group as, distinguished from

actions affecting members equally.”

The study has helped to know the performance of the employees

better and also assisted in identifying the needs of the employees. This helps to

improve the effectiveness of the performance

Reason for selecting SBI LIFE INSURANCE COMPANY is, it is one of the

growing company. With a far reaching network of branches and other

distribution channels, ABSLMF is committed to deepening mutual fund

penetration in the country. The company is ceaselessly working to enhance the

appeal of mutual funds across a wider set of investors and advisors across India

and is ranked 3rd this year compared to the other AMCs.

 The project was conducted in Nasik city for a period of 2 months i.e. 15
May to 15 July.
 PHASE 2- I communicated with them about the performance appraisal
system
 PHASE 3-Questionnaire was prepared and observation was done.
 PHASE 4- Questions were asked and Questionnaire was filled by the
employees.
 The data was collected and analyzed.

RESULT: The study has helped to know the performance of the employees

better and also assisted in identifying the needs of the employees. This helps to

improve the effectiveness of the performance appraisal that in turn leads to

better productivity from the employees.