LIC
- 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 with 2048 LIC branches (fully computerized) 1401 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.
- Country's largest insurer Life Insurance Corporation of India (LIC) has invested Rs 243269 crore in public sector for the year 2015-16.
- LIC had settled 99.55% death claims as well as 99.75% maturity claims till 2016.
- LIC has received a total premium income of 424186.68 crore as against Rs 208589.72 crore in the previous showing a growth rate of 20.33 per cent.
- The total life fund of LIC stood at Rs 2057625.38 crore as against Rs 1433103.14 crore in the previous year. The total assets of the company rose to Rs 2210378.65 crore from Rs 1560481.84 crore in the previous year.
- During 2015-16, LIC settled more than 215.71 Lakh claims for an aggregate amount of over Rs 101041.65 crore.