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Positions
Honouring of Commitment-Settlement of Claim
People's Money for People's Welfare
- Largest insurance Company in the world in Customer Base (30 crore customers)
- No.1 insurance company in the world in terms of agency (about 15 lac agents)
- LIC is No.1 insurer in the world in Volume & Sold around 3.75 Cr.Policies in 2007-2008.
- 2nd Biggest Real Estate Owner next to Indian Railways.
- Has Highest insurance Professionals ( Club Member agents )
- Only 4 countries in the world have more population that LIC`s policy holder
Honouring of Commitment-Settlement of Claim
- No.1 insurance Company in the world in terms of claims paid
- Total claims settled - over 183 lakh claims, Amounting Rs.52,160 crores
- Prompt settlement of claims (96.21% maturity claim settled on or before due date)
- One of the Lowest outstanding Claim Ratio in the world ( Maturity+S B Claim-0.07%)
People's Money for People's Welfare
- LIC invested in infrastructure sector is Rs.7,49,150 crores(2010-11)
- In socially oriented sector like irrigation/water supply & sewerage,housing,power,road,port & bridges etc, LIC has invested Rs.165003 crores during 2010-11
- Total investment in Social Sector is more then Rs. 1,00,000 Crs.
- Different incentive schemes for villages, Schools and Banks under Bima Gram, Bima School and Bima Banks.
