The Department of Commerce and Management Studies of SPACES Degree College (Autonomous), Payakaraopeta, organized a field visit to the Life Insurance Corporation of India (LIC), Tuni Branch, on 6 October 2026 for the students of II BBA and II B.Com. The visit was organized as part of the department's efforts to provide practical exposure to students and bridge the gap between classroom learning and real-world business practices. The institution has an established Memorandum of Understanding (MoU) with LIC, which further strengthens the academic and industry interaction between the two organizations.
During the visit, the LIC officials introduced the students to the functioning of the insurance sector and explained the role of LIC in providing life insurance services and financial protection to individuals and families. The students gained insights into various insurance policies, the importance of life insurance, customer service, policy management, and the operational activities of the branch.
The officials also highlighted the career opportunities available in the insurance sector and explained the benefits of pursuing a career with LIC. The interaction helped students understand the practical applications of concepts related to finance, marketing, customer relationship management, and business operations.
The field visit provided an opportunity for students to interact with industry professionals, clarify their doubts, and gain valuable knowledge about the functioning of a leading public-sector insurance organization. It also encouraged them to explore career prospects in the financial services and insurance industries.
The visit was informative and beneficial, enhancing the students' practical understanding of the insurance business and its significance in the Indian economy. The Department of Commerce and Management Studies expressed its appreciation to the LIC officials for their valuable guidance, support, and cooperation in making the field visit a meaningful learning experience.