|
LIC
operates with 2048 fully computerized
branch offices, 100 divisional offices,
7 zonal offices and the corporate office.
LIC's Wide Area Network covers 100 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. LIC's ECS and ATM
premium payment facility is an addition
to customer convenience.
LIC continues to be the leading life insurer
and It has crossed the landmark of issuing
1,01,32,955 new policies by 15th Oct 2005,
redistribution a healthy growth rate of
16.67% over the corresponding stage of
the previous year.
From then to now, LIC has crossed many
milestones and has set extraordinary performance
records in various aspects of life insurance
business. The same motives which encouraged
our forefathers to bring insurance into
continuation in this country inspire us
at LIC to take this message of protection
to light the lamps of security in as many
homes as possible and to help the people
in providing security to their families.
|
Some
of the important milestones in the life
insurance business in India are:
1818: Oriental Life Insurance Company,
the first life insurance company on Indian
soil on track functioning.
1870: Bombay Mutual
Life Assurance Society, the first Indian
life insurance company started its business.
1912: The Indian
Life Assurance Companies Act enacted as
the first statute to regulate the life
insurance business.
1928: The Indian
Insurance Companies Act enacted to enable
the government to collect statistical
information about both life and non-life
insurance businesses.
1938: Earlier legislation
consolidated and amended to by the Insurance
Act with the objective of protecting the
interests of the insuring public.
1956: 245 Indian
and foreign insurers and provident societies
are taken over by the central government
and nationalized. LIC formed by an Act
of Parliament, viz. LIC Act, 1956, with
a capital contribution of Rs. 5 crore
from the Government of India.
The General insurance business in India,
on the other hand, can trace its roots
to the Triton Insurance Company Ltd.,
the first general insurance company established
in the year 1850 in Calcutta by the British.
|
| |
|
INSURANCE
PLANS IN LIC
|
Jeevan
Anurag |
Komal Jeevan |
|
CDA Endowment Vesting At 21 |
Marriage
Endowment |
|
CDA Endowment Vesting At 18 |
Jeevan
Kishore |
|
Jeevan
Chhaya |
Child
Career Plan |
|
Child Future Plan |
Jeevan
Aadhar |
|
Jeevan Vishwas |
The
Endowment Assurance Policy |
| The
Endowment Assurance Policy-Ltd |
Jeevan
Mitra(Double Cover) |
|
Jeevan Mitra(Triple Cover ) |
Jeevan
Anand |
|
New Janaraksha Plan |
Jeevan
Amrit |
|
Jeevan Shree-I |
Jeevan
Pramukh |
|
The Money Back Policy-25 Years |
The Money Back Policy-20 Years |
| Jeevan
Surabhi-15 Years |
Jeevan
Surabhi-20 Years |
|
Jeevan Surabhi-25 Years |
Bima
Bachat |
|
Jeevan Bharati |
The
Whole Life Policy |
|
The Whole Life Policy- Limited Payment |
The
Whole Life Policy- Single Premium |
| Jeevan
Anand |
Jeevan
Tarang |
| Two
Year Temporary Assurance Policy |
The
Convertible Term Assurance Policy |
| Anmol
Jeevan-I |
Amulya
Jeevan |
| Jeevan
Saathi |
Mortgage
Redemption |
| Jeevan
Nidhi |
Jeevan
Akshay-V |
| New
Jeevan Dhara-I |
New
Jeevan Suraksha-I |
| Market
Plus |
Profit
Plus |
| Fortune
Plus |
New
Bima Gold |
| Bima
Nivesh 2005 |
Jeevan
Saral |
| Jeevan
Madhur |
Group
Term Insurance Schemes |
| Group
Insurance Scheme in Lieu Of EDLI |
Group
Gratuity Scheme |
| Group
Super Annuation Scheme |
Group
Savings Linked Insurance Scheme |
| Group
Leave Encashment Scheme |
Group
Mortgage Redemption Assurance Scheme |
| Gratuity
Plus |
Group
Critical Illness Rider |
| JanaShree
Bima Yojana (JBY) |
Shiksha
Sahayog Yojana |
| Aam
Admi Bima Yojana |
|
