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LIC

  • Life Insurance of India
  • LIC IS THE NO. 1 BRAND IN SERVICE SECTOR AND 240 MILLION + LIVES ARE PART OF LIC OF INDIA.
  • LIC IS THE BIGGEST LIFE INSURER IN THE WORLD.
  • BEST INFRASTRUCTURE – 2048 LIC BRANCHES (FULLY COMPUTERIZED) 1275 SATELLITE OFFICE MORE THAN 1.16 LAC EMPLOYEESAND 11.72 LAC AGENTS.
  • LIC POLICY FOR ALL SEGMENT
  • TRANSPARENCY OPERATIONS
  • BEST PRACTICES IN THE INDUSTRY
  • EXCELLENT CLAIM SETTLEMENT RATIO
  • SOVEREIGN GUARANTEE TO CUSTOMERS

2015-2016

  • Country's largest insurer Life Insurance Corporation of India(LIC) has paid Rs.1804.35 CR to the government of India as dividend for 2015-2016
  • LIC had declared a valuation surplus of Rs. 36087 crore for the financial year ending 2016.
  • LIC has received a total premium income of 266225.38 crore against Rs.239482.77 crore in the previous showing a growth rate of 11.90 percent
  • The total life fund of LIC stood at Rs.2057625.38 crore against 1824194.95 crore in the previous year. The total assets of the company rose to 2210378.65 crore from 2031116.08 crore in the previous year.
  • During 2015-2016 LIC settled more than 2.15 crore claims for aggregate amount of over 101041.65 crore