The training and development function plays a further superior role and clutch more importance, as it deals with knowledge of workers. Employees are entrusted different roles and responsibilities in the Life Insurance Corporation. Training enables them to carry out these roles and responsibilities efficiently and also learn new things prepare them to take up higher responsibilities. In this sector, the TDF holds helps the employees to upgrade their performance on a continuous basis. \nThis paper analyzes the status of various T & D practices in LIC in India, and explores a proposed link between the training and employees productivity. This analysis uses statistical techniques such as mean, standard deviation, Z-test, correlation and regression analyses to process/analyse the collected data. The results show that the health of the training being imparted in LIC and the employeesââ?¬â?¢ perception regarding the T & D doesnââ?¬â?¢t differ significantly. The authors here propose some suggestions and recommendations to the management involved in the operations of the corporations. This ââ?¬Å?lifelong learningââ?¬Â has been observed one of the most frequently heard terms in training circles in this decade. This is perhaps an apt response to the increasingly rapid changes under-way in modern societies. As a sequel, every business entity worth its salt is placing utmost importance on the development of Human Capital - the knowledge, skills and motivation embodied in people. The growing share of economic output in the services sector is turning to be knowledge and information-intensive. This in itself is placing a high premium on the continued chronological development. This reality according to Goldstein and Gillian (2006); and Zager (2008), has magnified the importance of successful training and development programs with measurable results. Consequently training and development has become one of the most critical aspects of human resource management effectiveness.
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