Today LIC 57 th Birthday P R O F I L E 2013 On 1st of September 1956, The Life Insurance Corporation of India (LIC) embarked upon its momentous journey in true spirit of serving the people and nation as a whole. Since then it has spearheaded the financial and infrastructure development of the nation. The performance of LIC has been exemplary and it has been growing from strength to strength be it customer base, agency network, branch office network, and the like. LIC has played a significant role in spreading life insurance among the masses and mobilization of people’s money for people’s welfare. Even after the entry of private insurers for over a decade now, LIC continues to be the frontrunner in the industry in terms of market share. LIC today services its customers through 8 Zonal offices, 113 Divisional Offices, 2048 Branches, 1275 Satellite Offices, more than 1.16 lakh employees and 11.72 lakh agents. Besides life insurance, through its various subsidiaries, it is involved in providing various financial services viz. Pension (LIC Pension Fund Ltd.), Housing Finance (LIC HFL Ltd), Mutual Fund (LIC Nomura MF), Credit cards (LIC Card Services Ltd), Financial Products distribution (LIC HFL Financial Services Ltd) , LIC HFL Care Homes Ltd. and LIC HFL AMC Ltd. It also provides insurance services in several countries abroad through branch offices, JVs and wholly owned subsidiaries. (All In Cr) 1.Total Income 326341.88 2.Total Premium Income 208589.72 3.Total Policy Payments 136289.64 4.Total Life Fund 1433103.14 5.Total Assets 1560481.84
Posted on: Sun, 01 Sep 2013 08:08:29 +0000
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