Facts About LIC India
1. LIC was founded in 1956 with the merger of 245 insurance companies and provident societies(154 life insurance companies,16 foreign companies & 75 provident companies).
2. The Parliament of India passed the Life Insurance of India Act on 1956-06-19, and the Life Insurance Corporation of India was created on 1956-09-01
3. LIC has 8 zonal Offices and 113 divisional offices located in different parts of India, around 3500 servicing offices including 2048 branches, 54 Customer Zones, 25 Metro Area Service Hubs and a number of Satellite Offices located in different cities and towns of India and has a network of 13,37,064 individual agents, 242 Corporate Agents, 79 Referral Agents, 98 Brokers and 42 Banks (as on 31.3.2011) for soliciting life insurance business from the public.
4. The slogan of LIC is "Yogakshemam Vahamyaham" which translates from Sanskrit to "Your welfare is our responsibility". The slogan is derived from the Ancient Hindu text, the Bhagavad Gita.
5. LIC funds close to 24.6% of the Indian Government's expenses.
6. According to The Brand Trust Report 2012, LIC is the 6th most trusted brand of India.
7. From the year 2006, LIC has been continuously winning the Readers' Digest Trusted brand award.
Awards Received by LIC-India in 2012-13
1. ABCI Award for Best Online Campaign 2012
2. ABCI Award for Wall Calendar 2012
3. Indy's Award for Best House Magazine 2012
4. Indy's Award for Best Corporate Film 2012
5. Consumer Super brand Award 2012
6. My FM Brand Leadership Award in 2012
7. NDTV Profit Business Leadership Award 2012
8. Outlook Money Award for Best Life Insurer of the Year 2012
9. CNBC TV 18 Award for Leading Insurance Company
10. My FM Award for excellence in Life Insurance
11. India Pride Award from Dainik Bhaskar
12. Jamnalal Bajaj Award for Fair Business Practices in Service Industry
13. Money Today FPCIL Award - Best Life Insurance Provider
14. Readers Digest Trusted Brand Award
15. Power Brand Award
16. Most Popular Youth Brand BFSI Sector
Members On The Board Of The LIC Corporation - 2013
Shri D.K. Mehrotra, (CHAIRMAN, LIC )
Shri Thomas Mathew T. (Managing Director, LIC )
Shri Sushobhan Sarker (Managing Director, LIC )
Shri Arvind Mayaram (Secretary, Department of Economic Affairs, Ministry of Finance, Govt. of India.)
Shri Rajiv Takru (Secretary, Department of Financial Services,Ministry of Finance, Govt. of India.)
Shri A.K. Roy (Chairman cum Managing Director, GIC.)
Shri M.V. Tanksale (Chairman & Managing Director, Central Bank of India )
Shri Anup Prakash Garg
Shri Sanjay Jain
Shri Ashok Singh
Shri K.S. Sampath
Shri Amardeep Singh Cheema
Smt Manjari Kackar
Shri D.K. Mehrotra, (CHAIRMAN, LIC )
Shri Thomas Mathew T. (Managing Director, LIC )
Shri Sushobhan Sarker (Managing Director, LIC )
Shri Arvind Mayaram (Secretary, Department of Economic Affairs, Ministry of Finance, Govt. of India.)
Shri Rajiv Takru (Secretary, Department of Financial Services,Ministry of Finance, Govt. of India.)
Shri A.K. Roy (Chairman cum Managing Director, GIC.)
Shri M.V. Tanksale (Chairman & Managing Director, Central Bank of India )
Shri Anup Prakash Garg
Shri Sanjay Jain
Shri Ashok Singh
Shri K.S. Sampath
Shri Amardeep Singh Cheema
Smt Manjari Kackar
Summary:
Type
|
State-owned
|
Industry
|
Financial services
|
Founded
|
1 September 1956
|
Headquarters
|
Mumbai, India
|
Key people
|
D. K. Mehrotra, (Chairman) (2013)
|
Products
|
Life and health insurance, investment management, mutual fund
|
Total assets
| |
Owner(s)
|
Government of India (100% Govt. stack)
|
Employees
|
115,966 (2010)
|
Subsidiaries
|
LIC Housing Finance
LIC Pension Fund Ltd. LIC International LIC Cards Services LIC Nomura Mutual Fund |
Source: licindia.in/, wikipedia
Quality articles or reviews is the important to attract the
ReplyDeletevisitors to go to see the website, that's what this website
is providing.