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Effect of Reward Systems on Work Engagement of Development Officers in the Life Insurance Corporation (LIC) in Chennai City

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Issue Abstract

Abstract

The present study examines the effect of reward systems on the work engagement of development officers working in the Life Insurance Corporation (LIC) in Chennai City. Reward systems play a crucial role in motivating employees and enhancing their involvement and commitment to organizational goals, particularly in performance-driven sectors such as insurance. The study adopts a descriptive research design, and primary data were collected from 421 development officers working in LIC through a structured questionnaire. Statistical tools such as percentage analysis, one-sample t-test, and regression analysis were applied to analyze the data and test the proposed hypotheses. The findings indicate that development officers have a positive perception of the reward systems implemented by LIC, suggesting that incentives, recognition programs, and performance-based rewards effectively motivate employees. The regression results further confirm that reward systems significantly influence work engagement, as employees who perceive rewards as fair and motivating show higher levels of enthusiasm, dedication, and involvement in their work. The study concludes that effective reward management practices are essential for enhancing employee motivation and engagement, and organizations should continuously strengthen reward policies to improve performance and ensure long-term success.

Keywords: Reward Systems, Work Engagement, Development Officers, Life Insurance Corporation (LIC), and Employee Motivation. 

Author Information
N. Sasirekha Ph.D Research Scholar, PG & Research Department of Commerce, Presidency College, Chennai. Dr. S. Mala Associate Professor & Research Supervisor, PG and Research Department of Commerce, Presidency College, Chennai.
Issue No
3
Volume No
6
Issue Publish Date
05 Mar 2026
Issue Pages
1-12

Issue References

References

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