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) and 1240 Mini Offices, and 103 Division Offices, 1401 satellite offices , more than 11.47 Lakh employees and 10.61 Lakh agents.
LIC policies for all segments.
Transparency operations.
Best & clean practice in the country.
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
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Percentage of MATURITY Claims SETTLED 99.75%,Percentage of Death Claims SETTLED 99.55%.
At present there are 33000 Authorized Premium Points to Collect Premium across the Country.
Total Funds Invested for the Benefit of the community at large are Rs. 21,09,253 Crores as at 31.3.16.
Investment in Social Sector Rs. 14,85,901 Crores.
Central Government Securities Rs. 7,21,000 Crores,State Government and GOVT Rs. 5,21,632 Crs
