Founded by visionary nation makers, with the goal of making life insurance available to all countrymen, in every corner of India, the only example of its kind across the world.Which made possible, the product range thoughtfully designed, which provides "basic security", "income growth" and "better living standards".
"LIC" schemes help "people to fulfill their responsibilities", "manage their retirement", "help the needy and improve the lives of the entire community".A mission that is being accomplished, through the tireless efforts of enthusiastic colleagues, who have been sending the message of the importance of a secure future to everyone, every corner of the country, who have made them competent and efficient, at every step. On the strength of intensive training, "LIC" has its own training centers and other reputed institutions.
Over time, "LIC" has expanded its coverage from a traditional life insurance institution to create insurance services for every category, such as, "group insurance for large companies". Companies funded by the establishment of "LIC of India" such as “UTI AMC Ltd”, “NCDEX”, “NSE”, “SIDBI”, “SHCIL”, “Clearing Corporation of India”, “IDBI Trusteeship Services Ltd.”, “National Insurance Academy” etc. As well as the creation of many huge institutions to strengthen the economy of the country, not only this, "LIC" has been constantly trying to take insurance cover to the needy class.
"LIC" has transformed itself into a whole new mold, forming many important business units, to meet the challenges of the ever-changing world and to gather its internal strengths to transform itself into a new source of income. , All this has become possible due to the use of latest technology, so that "LIC" is able to provide any information anywhere today as well as it is easy for every customer to contact and deal with them, very smooth and easy, results better and better service.
Today the assets managed by "LIC" have crossed 31 lakh crores. In the last year 2018 - 2019, Two crore 59 lakh claims were settled, amounting to more than 1,63,104 crore, today "LIC" is providing services to more than 30 crores policies. Apart from all this, the services of "LIC" are truly versatile, multi-utility, whose multi-dimensional products and services include "LIC Housing Finance", "LIC Care Homes", "Financial Services", "Credit Cards”, "IDBI bank".
The expansion of LIC's work is leaving a mark in many other countries of the world, in true sense, globally, a huge financial organization."LIC" has always maximized the savings of the public, which is a constant proof of total premium income. The corporation invests its funds, keeping in mind the maximum benefit of its investors and community. "LIC" is also credited for making the most significant contribution to nation building activities. Truly "public wealth, for public welfare".
Not only this, "LIC" has started a completely dedicated unit for the discharge of its social responsibility "Golden Jubilee Foundation". The "Golden Jubilee Foundation" is making significant contributions in the field of "education", "health", "women's welfare", "senior citizen welfare", "orphanage" and infrastructure facilities in rural India. "LIC of India" is committed to continuously support and support the changing needs of a vibrant dynamic nation.
A more secure lifestyle giving everyone a bright future.
