LIC is the best
LIC IS THE BEST
About LIC
- It was founded in 1956 with the merger of 245 insurance companies and provident societies (154 life insurance companies,16 foreign companies & 75 provident companies)
- It's a state-owned company where Government of India has 100% stake
- It is headquartered in Mumbai, financial and commercial capital of India
- LIC has 8 Zonal Offices and 118 Divisional offices located in different parts of India, around 3500 servicing offices including 2048 branches, 54 Customer Zones, 25 Metro Area Service Hubs and a number of Satellite Offices located in different cities and towns of India
- Has a network of 13,37,064 individual agents, 242 Corporate Agents, 79 Referral Agents, 98 Brokers and 42 Banks (as on 31.3.2011)
- Has assets estimated of INR 1560481.84 crore (US$240 billion)
Why you should choose only LIC
- Worlds largest insurance company in terms of customer base with over 250 million customers.
- Largest insurance group and investment company in India. Has more than 70% of the market share.
- All LIC policies come with a sovereign guarantee from Government of India. Only LIC can give this privilege to its customers.
- Highest claim settlement ratio (97.73%). More than any other private insurance company.
- LIC has highest market share (74.29%) in Life insurance business in India.
Awards and Recognition in 2012 - 2013
- NDTV PROFIT BUSINESS LEADERSHIP AWARD 2012
- CONSUMER Superbrand AWARD
- OutlookMoney AWARD FOR BEST LIFE INSURER 2012
- Brand Equity MOST TRUSTED SERVICE BRAND AWARD 2012
- EXCELLENCE IN FINANCIAL SERVICES AWARD BY Daink Bhaskar 2012-2013
- DAINIK PURVODAY - NORTH EAST CONSUMER AWARDS 2012
- ABCI AWARD FOR BEST Online CAMPAIGN
- CNBC TV AWARD FOR OUTSTANDING FINANCIAL PROFESSIONAL 2012
- Jamnalal Bajaj Award for fair Business Practises in Service Industry
- CNBC TV 18 Award Overall Leading Insurance Company 2012
- ABCI AWARD FOR WALL CALENDAR 2012-SILVER
- World Brand Congress- Global Award for Brand Excellence
- Most Popular Youth Brand BFSI sector
- Money Today FPCIL award Best Life Insurance Provider
- Power Brands Award 2012
- Instt of Public Enterprise BFSI Award - Best Employer Brand
- 7th Indy's Award for Best Corporate Film 2012 (Silver)
- Indy's Award for Best House Magazine 2012 (Gold)
- My FM Stars of the Industry Award for Excellence in Life Insurance (Gold)
- My FM Stars of the Industry for Brand Leadership Award in 2012 (Gold)
- 7th Indy's Award for Best in Media Category
- Indy's Award for Most Creative Ad (TV) in BFSI (Silver)
