WHY WE SUPPORT LIC OF INDIA

Why we people support LIC OF INDIA? 

LIC OF INDIA is a central govt organization giving insurance security to policyholder. LIC OF INDIA insure and secure the life of the people through insurance policy. Service is the only motive. But private sector insurance companies main aim is to get more profit. We support LIC OF INDIA because of the following reasons.

LIC OF INDIA AWARDS

NDTV PROFIT BUSINESS LEADERSHIP AWARD 2012

CONSUMER Superbrand AWARD

OutlookMoney AWARD FOR BEST LIFE INSURER 2012

Brand Equity MOST TRUSTED SERVICE BRAND AWARD 2012

EXCELLENCE IN FINANCIAL SERVICIAL AWARD BY Daink Bhaskar 2012-2013

DAINIK PURVODAY - NORTH EAST CONSUMER AWARDS 2012

ABCI AWARD FOR BEST ONLINE CAMPAIGH

CNBC TV AWARD FOR OUTSTANDING FINANCIAL PROFESSIONAL 2012

Jamnalal Bajaj Award for fair Business Practises in Service Industry

CNBC TV 18 Award Overall Leading Insurance Company 2012

ABCI AWARD FOR WALL CALENDAR 2012-SILVER

World Brand Congress-Global Award for Brand Excellence

Most popular youth brand BFSI sector

Power Brands Award 2012

Instt of Public Enterprise BFSI-Award Best employer brand

7th Indy's Award for Best in Media Category

LIC OF INDIA BRANCHES

Today LIC functions with 3526 fully computerized branch offices, 113 divisional offices, 8 zonal offices, 1202 satellites offices and the corporate office.

EMPLOYEES AND AGENTS

As on 31 March 2012, LIC had 119,767 employees, out of which 24,295 were women (20%).

Category of employees	Total number	No of Women
Class-I Officers	28,417	5,375
Development Officers	25,638	861
Class III/IV employees	65,712	18,059
Total	119,767	24,295

Agency strength

LIC OF INDIA had 12,78,234 agents as on 31 march 2012, out of which the number of active agents was 12,41,111.

Lic Of India Balance Sheet for the year 2012-2013

LIC OF INDIA Net Profit

Net Profit for the year 2010-2011 is 11.72 billion

Net Profit for the year 2011-2012 is 13.33 billion

Net Profit for the year 2012-2013 is $23.7 million

LIC of India investment in share market

Country's largest insurer Life Insurance Corporation (LIC) has invested Rs. 32,293 crore in the stock market in the nine months of 2013-14 and will invest another Rs. 2,000 crore during this month for picking 5 per cent stake in power equipment manufacturer BHEL.

This was higher than Rs. 2,086 crore, it invested in the same period of last fiscal. LIC had invested Rs. 33,208 crore in equity markets in the nine months of 2012-13.

At the same time, the insurer had invested Rs. 1.52 lakh crore in government bonds, corporate bonds, infrastructure and projects etc during the three quarters of 2013-14, a senior LIC official said.

The corporation invested Rs. 1.32 lakh crore in government securities and other approved securities as against Rs. 1.17 lakh crore in the same period of the previous fiscal.

The insurer's exposure in the bonds and debentures was to the tune of Rs. 8,797.09 crore in the period as compared to Rs. 23,907.70 crore in the nine-months of 2012-13.

So in all, LIC invested Rs. 1.88 lakh crore in the three quarters of the current fiscal as compared to Rs. 1.96 lakh crore invested in the nine months of the previous fiscal.

Recently, the government has approved to sell a 5 per cent stake in BHEL to state-owned Life Insurance Corporation of India, fetching the exchequer about Rs. 2,046 crore.

BHEL shares gained 3.18 per cent to Rs. 167.20 apiece at the close on the BSE on Friday, valuing the company at Rs. 40,923 crore. A 5 per cent stake would be worth about Rs. 2,046 crore.

LIC of India claim settlement records

LIC of India tops in claim settlement records in 2012-2013

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