Positions:
- Largest Insurance Company in the World in terms of customer base. (More than 22 crore customers)
- No.1 Insurance company in the world in terms of agency (about 1.2 million agents)
- 2nd Largest company in terms of computer use.
- 2nd biggest estate owner, next to Indian Railways.
- Largest financial institution in the country having 6,65,636 Cr.of investments.
- Highest surplus generating company in India.
Awards:
- Adjudged the “Most trusted service brand” in India, by “Economic Times” and ”AC Nelson ORG Marg”. For the year 2007 for the 5th consecutive year.
- LIC adjudged as “Best Life Insurance Company of the year” at the “2nd NDTV – Profit Business Leadership Awards - 2007”.
- LIC adjudged as “Most preferred Life Insurance Company of the year” at the “CNBC AWAAZ” consumer awards 2007 for 3rd time in succession.
- “Web 18-Genius of the Web Award” for the Best Website in Insurance Category.
Honoring the commitment – Settlement of claims:
- No.1 Insurance company In the Wrld in terms of claims paid.
- LIC settles 2.21 claims per second. In the year 2008-09 LIC has paid 149 lakh claims.
- Prompt settlement of claims – 97% of maturity claims settled on or before due date.
- One of the lowest outstanding claims ratio (MAT + SB – 0.26%)
Advanced Technology for better
customer service:
- Fully computerized & networked 2048 branches & 159 satellite offices throughout the country.
- Use of High tech – WAN, LAN, IVRS & EDMS.
- Premium payment facility extended through networked 2048 branches, ECS, ATMS, through Internet, online portals, collecting banks.
- 45 Interactive Voice Response System (IVRS No. 1251) centers all over the country to provide information on policy servicing. Facility is available 24X7.
Wide range of products:
- LIC has A plan for every need, A scheme for every home, A plan for every age.
- LIC has 48 products which caters the need of all aged 0-75years.
People’s money for people’s welfare:
- Total investment in social sector, Rs. 89,000 Cr.
- Total investment in Nation building activities like water supply, roads, electricity, drainage etc. is Rs. 5,76,000 Cr.