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Before Buying Life Insurance from Other Private companies in India Please read the
following:
Positions:
1. Largest insurance Company in the world in Customer Base (25 Cr customers) & 30
Cr Policies
2. No.1 insurance company in the world in terms of agency (about 1.2 Million agents)
3. LIC is No.1 insurer in the world in Volume & Sold around 3.57 Cr.Policies in
2011-2012.
4. 2nd Biggest Real Estate Owner next to Indian Railways.
5. LIC is one of the Highest income tax playing Organization. For Financial Year
2012-13, LIC has paid advance Tax Rs.2627. 14 Cr. & Service Tax Rs.1297. 15 Cr.
6. Has Highest insurance Professionals ( Club Member agents )
7. Only 4 countries in the world have more population that LIC`s policy holders.
Award - Recognition
8. Adjudged "The most trusted service Brand" in India, by "Economic Times and AC
NEILSEN ORG MARG" for the year 2007 for the 5th consecutive year.
9. "Golden Peacock" award for Excellence in "corporate Governance"
10. LIC adjudged as "Best life insurance Company of the year" at the "2nd"NDTV Profit
Business Leadership Awards-2007.
11. LIC adjudged the "Most Preferred Life insurance Company of the year" at the
"CNBC AWAAZ" consumer award 2007 for 3rd time in succession.
12. Awarded Reader Digest's "Trusted Brand"2006,2007&2008 (Voted by Consumers)
13. "Outlook Money NDTV Profit Award 2007"
14. "Web 18-Genius of the web Award" Conferred for the best website in insurance
Category
15. "SKOCH Challengers Award 2008" for "Jeevan Madhur".
16. "Loyalty Awards 2008"- insurance Sector.
17. Double crown for LIC in corporate Olympics 2008, Most Sporting Corporate 2)
Corporate Championship Award Winner-2008
Honouring of the Commitment - Settlement of Claims
18. No.1 insurance Company in the world in terms of claims paid.
19. LIC Settles 2.64 claims per second, LIC settled 183.63 lakhs claims during the
year 2012-2013.
20. Prompt settlement of claims (97% maturity claim settled on or before due date)
21. One of the Lowest outstanding Claim Ratio in the world ( Maturity+S B Claim-0.50%)
Advanced Technology-For better Customer Service
22. Computerized and networked 2048 branch offices and 1202 satellite offices throughout
the country.
23. Use of High Tech-WAN,LAN,IVRS & EDMS
24. LIC is second largest PC user in the country.
25. EDMS to make LIC a paperless office- Enabling Policy servicing & payments through
all branchs in the country.
26. Premium Payment Facility extended through networked 2048 branches, ECS, ATM's
through internet, online portals, collecting bank (Axis Bank), AP online, through
SMS, through selected agents, Now LIC Premium can also be paid through.
"Suvidha info Serve KIOSKS" all over India.
27. Policy Holder's Portal allow on line access to policy status and other details.
28. Info centre set up in 12 cities for customers to interact easily. Dial-1251
for details.
29. 45 interactive Voice Response System (IVRS) centers all over the country to
provide information on policy servicing. Facility is available 24×7, Facility can
be availed on following phone Nos. 1251 OR 020-25514248.
Social Strength
30. LIC - an institution builder promoting many financial and insurance institutes
like NSE, NCDEX, LIC Mutual Fund, Stock Holding Corporation of India, National insurance
Academy, insurance institute of India etc.
31. LIC has foreign operations in Mauritius, Fiji and London and has joint venture
operating in Sri lanka, Nepal, Bahrain & Saudi Arabia. New offices will be shortly
opened in Australia, USA & Canada.
32. LIC is known as "Pension Provider" of the country.
33. 1st Pension company in India is floated by LIC as "LIC Pension Fund Ltd" on
21st Nov 2007.
34. First to create waves in micro insurance sector by insuring people below the
poverty line. In year 2007-2008, 8.54 lac policies sold through "Jeevan Madhur"Plan.
35. Widest range of plans (More than 45) for every need of the customer of 0 to
79 years of age.
36. Biggest Portfolio of Group insurance schemes available.
37. "Jeevan Saral" one of the product of LIC got "Best innovation product " award
from I.R.D.A.
38. LIC has covered life Risk of 1.13 crore citizens through "AAM ADMI BIMA YOJANA"
& " JANASHREE BIMA YOJANA".
39. Very Unique Salary saving Portfolio.
40. Highest Number of Corporate Clients in Group insurance Scheme.
41. Expending Distribution Channel through Bancassurances, Corporate Agencies, Broker
ship & Chief Life insurarance Advisor (CLIA).
42. New East - Central Zonal Office opened at Patna to caters the needs of states
of Bihar, Jharkhand and Orissa. 5 new Divisional offices were also opened in 2007-08.
Pune D.O.was splited in 2 divisions, viz Pune Division (i)
and Pune Division (ii).
43. "Golden Jubilee Foundations" established for undertaking charitable activities
like education, health, relief of poverty etc.
People's Money for People's Welfare
44. LIC invested a total of Rs 8,19,835 Cr & in infrastructure sector is Rs. 41,067
Cr in financial yr 2011-12
45. In socially oriented sector like water, drainage & housing etc, LIC has invested
Rs.5,635 crores during 2011-12 & total investment in this sector is Rs. 1,64,162
Cr.
46. Total investment in Social Sector Rs.89,000 Cr.
47. Different incentive schemes for villages, Schools and Banks under Bima Gram,
Bima School and Bima Banks.
48. Total investment in Nation Building Activities is Rs 6,55,673 Cr in financial
yr 2011-12.
Financial Strengths
49. LIC's investment income in 2011-12 was Rs. 2,87,315.38 Cr.Out of Total income
of Rs 12,83,990.72 Cr.
50. Total Assets of the corporation as on 31.3.12 were Rs. 14,17,891.79 Cr.
51. Largest institutional investor in Share Market. On an average Rs.100 crore invested
every day. During the year 2012 LIC earned the profit Rs.20,000 Crs. from the Sale
of Equity.
52. Largest Financial institutional investor both Equity market & Term House.
We Operate All Over India
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