Life Insurance Corporation (LIC) India Company
Life Insurance Corporation of India is the only public sector life insurance Company of our country. Established in 1956 with the merger of more than 245 insurance companies and provident societies. With headquarters in Mumbai and currently functions with 8 zonal offices and 113 divisional offices. Now LIC is the largest life insurance Company of India with over 2048 branches and over 14 lakh agents from different cities and towns to solicit life insurance business in the country.
According to the Economic Times Brand Equity Survey 2012, LIC has been rated as the sixth most trusted service brand of India. It has also bagged a number of awards such as the MEIF Institutional Excellence Award 2012, Golden Peacock Innovative Product/Services Award 2011 for its health insurance product- Jeevan Arogya, and ET brand equity most trusted brand award. LIC has been continuously winning the Readers' Digest Trusted brand award from the year 2006. LIC provides wide range of life insurance plans are life insurance plans, pure term insurance plans, savings and investment products., pension plans, child insurance plans, unit linked plans, special plans and group scheme. LIC has a claim settlement ratio of 98.19% with maximum grievances settled over year. It has a presence urban as well as rural part of India. The motto of the Company is "Yogakshemam Vahamyaham" which means - your welfare is our responsibility.
LIC of India Product Portfolio
LIC Term Plans:
The most vital of life insurance products provide you with adequate life cover at nominal cost.
- LIC's Anmol Jeevan II
- LIC's Amulya Jeevan II
- LIC's e-Term
- LIC's NEW TERM ASSURANCE RIDER
LIC ULIP Plans:
These are unit linked insurance plans that give you the advantage of market linked returns.
LIC Pension Plans:
LIC plans help you provision for your old age and accumulate savings for your future.
- Jeevan Akshay-VI
- LIC's New Jeevan Nidhi
- Varishtha Pension Bima Yojana
LIC Child Plans:
Child plans helps you accumulate finances to provision for your child's future.
- LIC's New Children's Money Back Plan
LIC Investment Plans:
These are low risk investment plans which provides guaranteed amount on maturity.
- LIC Jeevan Tarun Plan
- LIC's Single Premium Endowment Plan
- LIC's New Endowment Plan
- LIC's New Jeevan Anand
- LIC's Jeevan Rakshak Plan
- LIC's Limited Premium Endowment Plan
- LIC's Jeevan Sangam
- LIC's Jeevan Lakshya
- LIC's New Money Back Plan - 20 Years
- LIC's New Money Back Plan - 25 Years
- LIC's New Bima Bachat
- LIC's Jeevan Tarang