Life insurance Corporation of India

Life insurance Corporation of India
Life insurance Corporation of India
Life insurance Corporation of India (LIC) will be the biggest supplier of insurance plan as well as investment products and services within India. This can be a freely held business held entirely with the Nation Govt of India and as well delivers virtually 24. 6 per cent in the government’s expenses. It is assets happen to be highly valued at INR 13. twenty-five trillion. It absolutely was recognized while in 1956 while 243 provident organisations as well as insurers amalgamated jointly.
Life insurance Corporation Personnel

Next will be the staff break-up of Life insurance Corporation:

1, 002, 149 person brokers
98 stockbrokers
242 business brokers
44 financial institutions
seventy nine word of mouth brokers

LIC Panel of Company directors

This mother board of owners of LIC includes this:
Title Designation
DK Mehrotra Chairman
MV Tanksale Chairman as well as Taking care of Representative, Main Financial institution of India
TS Vijayan Taking care of Representative
Lt. Normal Arvind Mahajan
T Thomas Mathew Taking care of Representative
Anup Prakash Garg
Sushobhan Sarker Taking care of Representative
Sanjay Jain
DK Mittal Secretary, Section of Economic Companies, Ministry of Fund, Govt of India
Ashok Singh
Arvind Mayaram Secretary, Section of Economic Matters, Ministry of Fund, Govt of India
KS Sampath
AK Roy Chairman ejaculate Taking care of Representative, GIC
Amardeep Singh Cheema
Life insurance Corporation of India Accolades

Life insurance Corporation of India has won this accolades within 2011-12:


Visitors Break up
Dainik Bhaskar Group
Superbrands
Bombay Holding chamber of Trade
Hard anodized cookware Command Accolades
ABCI
ET Company Equity’s Many Trusted
Legend Media – Client Centric Company Honor
CNBC AWAAZ

Life insurance Corporation Products

Products provided by Life insurance Corporation could possibly be talked about while underneath:

Insurance policies

Bima Accounts Options – Bima Accounts 1 as well as Bima Accounts two
Endowment Warranty Options – This Endowment Warranty Plan, Jeevan Anand, This Endowment Warranty Policy-Limited Repayment, Completely new Janaraksha Prepare, Jeevan Mitra (Double Deal with Endowment Plan), Jeevan Amrit, Jeevan Mitra (Triple Deal with Endowment Plan), as well as Jeevan Vaibhav (Single Top quality Endowment Warranty Plan)
Endowment Plus
Options intended for large really worth folks – Jeevan Pramukh, as well as Jeevan Shree-I
Little ones Options – Jeevan Anurag, Komal Jeevan, CDA Endowment Vesting at twenty one, Relationship Endowment Or even Instructional Annuity Prepare, CDA Endowment Vesting at eighteen, Jeevan Chhaya, Jeevan Kishore, Baby Future Prepare, Baby Job Prepare, as well as Jeevan Ankur
Money-back Options – The cash Again Policy-20 Several years
Options intended for Differently abled Dependents – Jeevan Vishwas, as well as Jeevan Aadhar

Monthly pension Options

Jeevan Akshay – VI

Product Options

Endowment Plus

Special Options

Gold Jubilee Prepare – Completely new Bima Silver
Special Prepare – Jeevan Saral, as well as Bima Nivesh 2005
Tiny Insurance policies – Jeevan Madhur, Jeevan Deep, as well as Jeevan Mangal

Group Scheme

Group Scheme – Group Term Insurance policy Plans, Group Abandon Encashment Scheme, Group Insurance policy Scheme in lieu of EDLI, Group Mortgage loan Redemption Warranty Scheme, Group Gratuity Scheme, Group Crucial Sickness Participant, as well as Group Benefits Related Insurance policy Scheme
Cultural Safety measures Scheme – JanaShree Bima Yojana (JBY), Aam Admi Bima Yojana, as well as Shiksha Sahayog Yojana

Health and fitness Options

Health and fitness Options – Health and fitness Protection Plus
Jeevan Arogya Options – Jeevan Arogya

Life insurance Corporation of India Media

This Native american federal government has equiped SB Mathur, who may have formerly worked well since the chairman in the Life insurance Corporation of India, like a in your free time Insurance policy Regulatory as well as Progress Specialist (IRDA) new member. He replaces Ela Bhatt in whose term ended while in Sept 2012.

Apart from his or her stint since the Life insurance Corporation of India chairman, Mathur in addition has served since the scalp in the Life insurance Local authority or council, an association body in the insurance plan industry. This consultation is being viewed as an attempt to get the insurance plan industry manifested about the IRDA mother board.

Different comparable users of IRDA would be the ICAI Us president and also the Articulation Secretary Insurance policy from the Nation Fund Ministry.

Personnel in the Life insurance Corporation of India functioning with the Swarnalok Sophisticated side within Eluru Road, Vijayawada organize a display while in lunchtime hrs so that you can demonstration the actual Nation Government’s decision towards improve the foreign direct investment (FDI) limit within the insurance plan market to forty nine per cent from the preceding limit of 29%.

Even though speaking with the actual demonstrators, CH Kaladhar, the actual side admin, stated how the decision will certainly be sure that worldwide corporations have higher management in the cost savings of Native american folks and also the decision may not have any tangible benefits either intended for India as well as it's folks. He also stated how the decision could possibly put at risk the actual nationwide financial system.

He also claimed how the Native american federal government acquired caved in the demand techniques staying used with the PEOPLE rather than looked into the actual pursuits in the folks it truly is regulating. Kaladhar also iterated how the federal government should go again as well as consider the decision for your best interests in the nation and also the folks.

KVVSN Krishna Kumar, a Category We Federation leader of LIC, as well as SHHN Raju, the actual Us president in the LIC Progress Officers’ Connection also spoke with the function. This display also noticed partnership commanders Ramanjaneyulu, NLN Singh, Ratna Jyothi, as well as Mani Kumari. This display ended up being prepared beneath the Just about all India Insurance policy Employees’ Association’s banner.

Life insurance Corporation of India can be celebrating March since the Cultural Safety measures Month. In a very record provided upon March 6, the provider stated how the Native american federal government acquired entrusted having diverse societal safety programs which is at present working on all of them.

At the moment the actual insurance firm is actually functioning a few insurance plan programs for your monetarily disadvantaged sections of the actual Native american community:

Aam Admi Bima Yojana
Janashree Bima Yojana

Inside 2011-12 economical the actual insurance firm paid for INR 403. 91 crores within claims within the two those systems.
Life insurance Corporation System

Your head places of work of Life insurance Corporation have Mumbai, and it at present has 100 divisional places of work as well as 8 zonal places of work found in some part of India. In addition, it has approximately 3500 services places of work including this:

2048 twigs
twenty-five community place services hubs
fifty four buyer areas
Many satellite television places of work

It is business office locations could possibly be additionally enumerated while underneath:

Main Region

Bhopal
Jabalpur
Bilaspur
Raipur
Gwalior
Satna
Indore
Shahdol

Western Region

Begusarai
Sambalpur
Berhampur
Asansol
Bhagalpur
Bongaigaon
Bhubaneswar
Guwahati
Cuttack
Howrah
Hazaribagh
Jalpaiguri
Jamshedpur
Jorhat
Muzaffarpur
Kharagpur
Patna
Silchar

North Main Region

Agra
Gorakhpur
Aligarh
Haldwani
Allahabad
Kanpur
Bareilly
Lucknow
Dehradun
Meerut
Faizabad
Varanasi

N . Region

Ajmer
Jodhpur
Amritsar
Karnal
Bikaner
Ludhiana
Chandigarh
Rohtak
Delhi
Shimla
Jaipur
Srinagar
Jalandhar
Udaipur

Southern region Main Region

Bangalore
Nellore
Belgaum
Raichur
Dharwad
Rajahmundry
Hyderabad
Secunderabad
Kadapa
Shimoga
Karimnagar
Udupi
Machilipatnam
Vizag
Mysore
Warangal

Lower Region

Chennai
Salem
Coimbatore
Thanjavur
Ernakulam
Thrissur
Kottayam
Tirunelveli
Kozhikode
Trivandrum
Madurai
Vellore

Traditional western Region

Ahmedabad
Nagpur
Amravati
Nanded
Aurangabad
Nashik
Bhavnagar
Pune
Gandhinagar
Rajkot
Goa
Satara
Kolhapur
Surat
Mumbai
Thane
Nadiad
Vadodara

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