Life Insurance Corporation Of India
- Life Insurance Corporation 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 offices, more than 1.16 lac employees and 11.72 lac agents.
- LIC policy for all segment.
- Transparency operations.
- Best practices in the industry.
- Excellent claim settlement ratio.
- Sovereign guarantee to customers.
2017-2018
- Country's largest insurer Life Insurance Corporation of India(LIC) has paid Rs.2207 Cr to the government of India as dividend for 2017-2018.
- LIC's surplus payout to government up 15.8% at Rs 2207 crore in Financial Year 2017.
- LIC has received a total premium income of 300196.68 crore against in the previous year showing a growth rate of 11.90 percent
- The total life fund of LIC stood at Rs.2323802.59 crore against 1824194.95 crore in the previous year.
- During 2017-2018 LIC settled 112700.41 Crore as total amount of Claim.
- LIC's surplus payout to government up 15.8% at Rs 2207 crore in Financial Year 2017.
- LIC has received a total premium income of 300196.68 crore against in the previous year showing a growth rate of 11.90 percent
- The total life fund of LIC stood at Rs.2323802.59 crore against 1824194.95 crore in the previous year.
- During 2017-2018 LIC settled 112700.41 Crore as total amount of Claim.
