LIC – THE INDIAN INSURANCE GIANT
Life Insurance Corporation of India is a state owned insurance company of India. It was formed in 1956 through ‘Life Insurance of India Act’ which consolidated the private players and also nationalized the sector in the country. LIC of India is the biggest insurance company of India with total assets equaling $220 billion as of 2010. Life Insurance Corporation of India is headquartered in Mumbai and has built an elaborate physical infrastructure which includes more than 2000 branches supplemented by 9 zonal offices and 109 divisional offices. Besides, a resonant network of ‘Satellite Sampark Kendras’ has been set up for the convenience and benefit of customers. The company presently operates with a diversified financial services portfolio which includes life insurance & health insurance, pension funds, mutual funds, card services and stock oriented investment management. The company has succeeded in maintaining a wide lead over its competitors through an array of LIC Life Insurance products that are designed to suit the requirements of diverse social strata.
LIC LIFE INSURANCE PRODUCTS FOR EVERYONE
Life Insurance Corporation of India has achieved high level synergism with the emergent socio economic aspirations of the country. The company has produced some of the most popular ULIP options to satisfy the investment and savings demands of the Indian people. Overall LIC Life Insurance products is a whole complete matrix with term insurance plans like ‘LIC Anmol Jeevan 2’ and ‘LIC Amulya Jeevan 2’, Endowment plans – ‘Single Premium Endowment Plan’ and ‘New Jeevan Anand’. LIC also offers ‘Money back plans’ for 20/25 years. ‘LIC Jeevan Arogya’ is a prominent and popular health insurance plan while ‘LIC Jeevan Akshay’ and ‘LIC New Jeevan Nidhi’ are designed for the elderly! LIC has emerged as the number one choice of people on account of efficient and trustworthy character which it has earned!