LIC Organizational Structure & Network

  • Zonal Offices :- 8
  • Divisional Offices :- 113
  • Branch Offices :- 2048
  • Satellite Offices:- 1401
  • Mini Offices :- 1240
  • Employees:- 1,14,773
  • Agents:- 15,61,560

About LIC Introduction

LIC FACTS

Total Assets of corporation

2210378.65 crores.

Total Life Fund

2057625.38 crore

Total premium income

266225.38 crores

First year premium income

97674.32 crores

Total number of claims settled

215.17 lakh

Total amount paid towards claims

101041.65 crores

Percentage of death claims settled

99.55 %

Percentage of maturity claims settled

99.75%

Total number of policies

29.02 crore

LIC bonus rates at 3.5 %  to 5.2 % are the highest in the industry.LIC competitors have bonus rates between 1.2% & 2.8%

Invest in LIC is backed by sovereign guarantee of Government Of INDIA.

LIC claim settlement ratio is highest of about 99.67 %.Significantly higher than that of private insurance players.

LIC has a network of 113 divisional offices,20.148 branches & 13 lakhs agent to provide customer service

LIC Market share on premium Count: - 70.44%/ policies count: - 76.84% & remaining private companies market share on premium count:-29.56% & on policy count:-23.16%)

 

PEOPLES MONEY FOR PEOPLES WELFARE (62 YEARS OF PURPOSE & PASSION)

INVESTMENT IN GOVERNMENT & SOCIAL SECURITIES

Central Government Securities

Rs.721000/- crore

Marketable securities

Rs.521632/- crore

Housing

Rs.70302/- crore

Power

Rs120558/- crore

Irrigation / Water supply & Sewerage

Rs.2319/-crore

Road,Port&bridges,Railways

Rs.13244/-crore

Others( Including Telecom)

Rs.36846/-crore