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Case Problem  Y limited is a bank functioning in India. It is planning to diversify into increase business. Lately, the Government of India has allowed the private sector to gain entry in the increase business. Previously, it was the prerogative of LIC and GIC to do insurance business. But now with liberalisation of the economy and to make the field competitive other compnies have been given licenses to start insurance business under the regualtion of Insurance Regulatory and Development Authority’.  Y limited plans to recruit high quality employees and agents and exercise effective direction to capture a substantial part of life and non-life insurance business.Identify the qualities of leadership in this line of business that the company manager must possess to motivate employees and agents.

Answer»

The qualites of leaders which the manager of the insurance company must possess are 

(i) Intelligence 

(ii) Good communication skills 

(iii) Self confidence, integrity and honesty 

(iv) Good listener 

(v) Pleasing personality



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