The oldest participant within the insurance sector, LIC has been catering to the insurance needs of the whole country for a long time. Being the best participant, LIC grabbed most of the market shares and continue to be the biggest participant in the market. The Life Insurance Corporation of India was created on 1st September 1956, with the objective of spreading life insurance much more widely and in particular to the rural areas with a view to reaching all insurable persons in the country, providing them adequate financial cover at a reasonable cost.
Today LIC functions with 2048 fully computerized branch offices, 113 divisional offices, 8 zonal offices, 1381 satellite offices and the Corporate office. LIC's Wide Area Network covers 113 divisional offices and connects all the branches through a Metro Area Network. LIC has tied up with some Banks and Service providers to offer on-line premium collection facility in selected cities.
1 - Greentech HR Award 2016.
2 - India's Brand No 1 Awards 2016.
3 - Dainik Bhaskar Awards 2015-16.
4 - Skoch order of Merit.
5 - Magzimise Awards.
6 - Indian Insurance Awards 2016.
7 - Fame Excellence Awards 2016.
8 - Skoch order of Merit.
9 - Zee Mindspace Awards 2016.
10 - D & B BFSI Awards 2016.
11 - Superbrands 2016.
12 - Money Today Financial Awards.
13 - D B India Pride Awards 2016.
14 - Readers Digest Awards 2016.
15 - Hindustan Awards 2017.
16 - Best Indian Brands.
17 - Golden Peacock Award 2017.
18 - ABP News Brand.
19 - Brand Icon.
20 - My FM Stars of the Industry Awards.
21 - Best Employer Awards.
22 - Dun & Bradstreet PSU Awards 2016.
23 - Best Employer Awards.
24 - India's Most Trusted Brand Awards 2016
25 - Ashirwad Rajbhasha Puraskar.
26 - ABCI Awards.
LIC is said to be the most important life insurance company. In India, LIC is synonymous with life insurance with some of the fairly premium and enough insurance options. Here is why one has to choose LIC as a life insurance company:
Technologically Sound: LIC has been the leader as an insurance issuer for its efforts to live in advance of the game by using being at par if no longer in phrases of its community with regards to imparting superior services. The company uses great technology, which includes WAN, IVRS, LAN, IVRS & even EDMS which allows humans to go paperless when handling coverage documentation.
Partner Companies: The organization does no longer work alone, however, companions with coverage and financial tycoons such as NSE, LIC Mutual Fund, NCDEX, and National Insurance Company among many comparable groups. Subsequently, it's operating through convergence as properly
Going International: It has its branches in Nepal, Sri Lanka, Saudi Arabia and Bahrain. LIC has also been bold enough for commencing workplaces in Australia, Canada, and the United States.
LIC's Anmol Jeevan – II is a protection plan which provides financial protection to the insured’s family in case of his/her unfortunate demise. In case of unfortunate death of the life assured during the policy term sum assured shall be payable. On survival to the end of the policy term, nothing shall be payable.
LIC's Amulya Jeevan - II is a protection plan which provides financial protection to the insured's family in case of his/her unfortunate demise. In case of unfortunate death of the life assured during the policy term sum assured shall be payable. On survival to the end of the policy term, nothing shall be payable.
LIC e-term is a regular premium non-participating "Online Term Assurance Policy" which provides financial protection to the insured's family in case of his/her unfortunate demise. This plan will be available through the online application process only and no intermediaries will be involved.
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