LIC-SOME FACTS

In Financial Year 2019-20 LIC sold 2.19 crore policies.LIC registered a growth of 25.17 percent in its New Business.LIC did a total first year premium amounted to Rs 1.78 Lakh crore.LIC's market share in terms of number of policies was 75.90%LIC has an asset base of Rs 31,96,214.81 crore.LIC's Life Fund to the tune of Rs 31,14,496.05 crore.LIC has invested for the benefit of the community at large are Rs 30,69,942 crore.LIC settled 215.98 lakh claims amounting to Rs 1,59,770.32 crore.LIC has Spread its wings as a Conglomerate in 14 Countries.LIC functions with 2048 fully computerized branch offices, 8 zonal offices, around 113 divisional offices and 1408 satellite offices, has 73 customer zones and 25 metro-area service hubs.LIC also has a network of 1,537,064 individual agents, 342 Corporate Agents, 109 Referral Agents, 114 Brokers and 42 Banks for soliciting life insurance business from the public.LIC also has the 1899 branches of IDBI bank at its disposal.LIC also has Around 112,000 Employees at its Payroll to Marshall it's Resources.The Pride of India