Life Insurance Corporation of India is a leading CPSE (Central public sector enterprise) that provides life insurance services to the people.The government sector employees were encouraged by the government as LIC life insurance policies guaranteed IT rebates during the annual assessment! LIC has however held the distinction high enough of keeping the promises kept by it with the people by honoring the claims in a transparent and honest manner! LIC life insurance plans got momentous with their stock orientations. LIC Life insurance policy of India has created its network of satellite sampark offices to provide easy access and servicing of the client’s policy.

1. Welcome to
Life Insurance Corporation
of India

2. Life Insurance Corporation of India – The Leading Indian Insurer
Life Insurance Corporation of India is a leading CPSE (Central public sector enterprise) that
provides life insurance services to the people. It holds the maximum share in the Indian life
insurance market! It was established in 1956 through an Act of Parliament of India which also
nationalized insurance sector in India. In spite of the liberalized regime ushered under
globalization in the yester decade LIC remains a dominant insurer surpassing all other regional
and foreign players with a heavy margin. The corporation operates through a wide network of
its human resource that is distributed in 2048 computerized branch offices, 992 satellite offices,
109 divisional offices and 8 zonal offices. The corporation is headquartered in Mumbai. The
corporation has been demonstrating exemplary performance and surpasses its own records year
on year!
LIC life insurance policies have high popularity quotients!
Life insurance got its nascent acceptance in the Indian social matrix as a synonym of LIC of India.
People began to learn about the nature of this new product of ‘insurance’ and the benefits that
could be prospectively leveraged from the insurance policies through the early ad campaigns of
LIC. It was the educated middle classes that first recognized the significance of an early
insurance policy in their personal life and then began a trend of buying a LIC policy as a life
priority. The government sector employees were encouraged by the government as LIC life
insurance policies guaranteed IT rebates during the annual assessment! LIC has however held
the distinction high enough of keeping the promises kept by it with the people by honoring the
claims in a transparent and honest manner!

3. LIC life insurance plans assume diversities
The corporation has dynamically evolved over the decades in accordance with the socio
economic requirements of the nation. Making its beginning as a simple life insurer, LIC today is a
smart investor’s destination. LIC life insurance plans got momentous with their stock
orientations. One of the most popular product that was jubilantly received by the society was
the ULIPs or the ‘Unit Linked Insurance Plans’ that links the insurer’s funds with the dynamism
of the national and international stock markets and that too in a safe manner! The customers of
the insurance products enjoy the advantage of leveraging the stock moves in a cushioned
manner. This orientation was symbolic of a status change for LIC of India as now the insurer was
included in the club of elite investment companies of the country that could be trustfully relied
upon! This saga continues even today.
LIC insurance policy records now available at satellite sampark offices!
LIC of India has created its network of satellite sampark offices to provide easy access and
servicing of the client’s policy. The digitized records are maintained that deliver instant access to
the policy holders. Besides, LIC has also tied up with select banks and financial institutions to
provide for the collection of premium at their desks thus increasing the customer’s access. LIC
has emerged as the top insurer on the premises of trust and efficient service deliveries to the
people.

4. LIC Life Insurance Plans: Catering To Different Needs Of Each Individual
The yesteryear youth were not much aware about the benefits of insuring life and property. But
with the fluctuating rate of economy and unforeseen incidents it has become necessary for
present youth to safeguard their interest. Further, the youth today is much aware about his
interests and would leave no stone unturned to safeguard it. As each individual has different
need and requirement hence, policies too differ which cater to the needs as per various
subjects. LIC life insurance plans have been categorized into single premium endowment plan in
which the premium is paid as a whole at the expiration of the policy. Further, it provides
financial protection on death and loan facility on liquidity. New endowment plan started by the
company provides manifold benefits such as death benefit, maturity benefit, participation in
profit and accidental/ disability benefit. New Jeevan Anand endowment policy offers attractive
feature of both saving and protections such as death, interest on exit of policy, participation,
and death and disability ride benefit. Further, the company also offers money back plans for 20
to 25 years and family insurance policies namely Anmol Jeevan and Amulya Jeevan policy.
Life Insurance Corporation of India: Past and Present
Life insurance Corporation of India is the largest government owned life Insurer Company in the
country and it is also the largest investor in India. The company offers both individual and group
policies and finances 24% of outlays of government of India. The asset value of the company has
been estimated to be 9.31 trillion. The company first incorporated in 1956 and was at that time
known as oriental life insurance company. it has its centre located in Mumbai, however its first
centre was at Kolkata in the year 1818 by Bipin Behari Dasgupta. In the present scenario when
there is stiff competition the company has stood strong and still commands 70% of market
share. Further, in the recent months this percentage has climbed further points above. The fact
that LIC has stayed conservative in its commission payouts has made it stand sustainably and
profitable industry.

5. LIC Life Insurance: Categories and Benefits
LIC life insurance plans have been categorized into three plans which are endowment plan,
money back plan and term assurance plan. The endowment plans are single endowment plan,
new endowment plan and new jeevan anand plan. The main benefit of opting for these plans is
that they offer maturity and death benefit. Money back for 20 and 25 years offer death, survival,
maturity and optional benefits. New Bima Bachat policy offers interest at end of 9 years, 12 and
15 years. Further, it offers maturity, loyalty and death benefits as well. Apart from this, polices
also offer liquidity benefits for the purpose of loan which have been seen have beneficial for
individuals.
Life Insurance Policy Benefit
For securing income and other properties it has been seen that life insurance policy are highly
beneficial for everyone. However, before purchasing any policy it is necessary to note the
number of dependents on you. Further, check that it provides benefit on death, health and
education which are the three main areas for securing the future of your loved ones. Moreover,
there are number of quotes which can be availed through the site regarding various policies.

6. LIC Life Insurance: The Emerging Sector in India Securing the Present and Future of All
LIC life insurance has been seen as an important safeguard for present times when there is no
guarantee on life. It is perhaps, the only channel which can protect you and your loved ones
against the unforeseen and unknown. In the past, individuals used to go for conventional
insurance policies which were basically comprised of term policies or endowment policies. The
sum insurance in these policies were usually pre-decided and guaranteed. These plans gave the
insurer insurance on life, health and life long pensions in case; they were linked with the
policies. Although, these plans provided complete security to the insurer but in the long term
they were not seen beneficial as they did not yielded sufficient returns which were required to
bear the cost of living. However, the paradigm has shifted vastly and the concern is not only to
protect life and health but the present as well.
LIC Corporation of India: The Most Valuable and Trusted Company in India
LIC Corporation of India was first incorporated in the year 1956 and later amalgamated 200
insurance companies and societies. The company was the first to provide life coverage in India.
Moreover, in the beginning it was known as Oriental Life Insurance Company. The first office was
setup by Bipin Bihari Dasgupta in 1818 in Kolkata. Bombay mutual life assurance society
established in 1870 was the first national insurance carrier. The company provides numerous
products and policies for individuals such as pension policy, special plan, insurance plan, unit
plan, withdrawn plan and group plans. Further, the national organization also has wide number
of centres for subsidiaries and affiliates internationally located in Mauritius, Fiji, Nepal, UK,
Bahrain, Kenya etc. Associated which are attached with this government organization are LIC
housing finance ltd, LIC HFL financial services ltd, LIC pension fund limited, LIC card services ltd
etc.

7. LIC Life Insurance Plans: Offering the Best Coverage
The insurance and loan market seen in the country is quite puzzling for an individual who has
little or no knowledge at all. These insurance policies offer security for both the present and
future of the individual and his loved ones. There are several LIC life insurance plans available
which one can select as per the need and available capital. LIC life coverage and money back
plans are a great security for almost 20-25 years and further, allow survival benefits linked to the
sum assured during the term of the policy. Jeevan Mitra policy is an endowment assurance plan
which guarantees thrice the amount of money payable on death on the life assured during the
policy term. Jeevan Sathi is another policy which provides complete security for both the
spouses. Fixed term endowment and educational annuity is beneficial for long term education,
life and marriage. Claim on this policy is paid to the nominee on expiry of the policy.
Life Insurance Policy: The Great Step to Stress Free Living
We all know that what a life insurance policy does for an individual. However, further reading
would let you know why it is considered to be important. This agreement between insurer and
insured is a contractual agreement. Here the insurer undertakes or pays fixed premiums to the
organization which on occurrence of some event is paid to the insured. Hazardous natural event
or substances, accident and health are some of the areas in which this is beneficial. Further,
exemption in tax is also provided to the insurer. At the end, it can be said that all together this is
beneficial for all.

8. Life Insurance Corporation of India - a Trusted Government Agency Helping Millions
Life Insurance Corporation of India has been serving Indian society since 1956 – the year of its
establishment as also the beginning of nationalized insurance in India. Life insurance assumed
popular overtones with the name and symbol of LIC of India which emerged as a nascent yet
trusted name for the common people! LIC is a Government of India undertaking and maintains a
huge and diversified network of offices and human resource to run its nationwide operations.
Headquartered in Mumbai it has 9 zonal offices and 109 divisional offices. With more than 2000
computerized branch offices, it also runs a network of satellite offices that are a huge
convenience to its ever increasing client base.
LIC life insurance policies – an avenue for prudent investment!
LIC life insurance has assumed momentous dimensions through its array of popular plans that
find appeal among the emerging social classes. In the last decade LIC came up with smart
options for the people to park their funds for the purpose of investment. Unit linked insurance
plans or the ULIPs are known for high its high public appeal for these offers a safe linking with
the dynamic share markets. The public tag of LIC was relied upon by the general people and
policies like ‘LIC Market Plus’ and ‘LIC Money Plus’ received great acceptance! These market
oriented policies let the people to gain the twin advantages of an insurance cover and the
dynamism of the open market. Such policies also provided the option to link the growths earned
to be paid at regular intervals like the bonuses in the classical non market policies while the
maturity amounts depended on the current market.

9. LIC life insurance plans are a whole diverse array!
LIC has laid out a diverse array of insurance plans so as to suit the needs of every individual. Its
endowment plan options like ‘Single Premium Endowment Plan’ and ‘New Endowment Plan’
present the opportunities of insurance cover for the beneficiary as also allied investment
benefits. ‘LIC Money Back Plans’ offers long term investment option to the beneficiary. ‘LIC’s
Jeevan Anand’ has been one of the most successful policies for the people and the beneficiary
here is insured for the whole life along with the payment of lump sum amounts at certain
intervals during the survival period! In the recent years LIC came up with resonant health
insurance plans like the one ‘Jeevan Arogya’ which provides comprehensive medical coverage to
the beneficiary and his/her family members in the age group of 0-75 years. Thus LIC life
insurance plans present a diversified matrix to choose from on the basis of our requirements.
People trust LIC life insurance policy!
Over the years LIC has build up trust and character through its timely delivery of promises. LIC’s
market strength that has substantiated over the decades and this has made this CPSE the major
and lead life insurer in the country. People buy LIC life insurance policy relying upon the
company’s initiatives and prudence in managing the fiscal assets in the best possible manner.
Well, LIC has not let down its customers and continues its magnificent journey with the motto of
–“yogakshemam vahamyaha” or ‘Your Welfare is our Responsibility!’

10. Life Insurance Policy – An Instrument Of True Financial Security
Life insurance policy has been regarded as one of the most important financial instruments of
personal life of every individual. The awareness about life insurance products is high among the
educated urban classes and relatively low in the rural populace. The phenomenon of state
owned life insurance business in India began decades ago in 1956 when the Parliament of India
passed an act to establish LIC of India so as to serve the insurance needs of Indian society in a
rational and transparent manner. Life Insurance Corporation of India has since then taken a wide
lead as the prime life insurance firm in India. Even in the evolved era of globalization and
liberalization LIC stands out tall claiming the biggest share in the life insurance market of India.
Life Insurance Corporation of India actively serving life insurance needs
Life Insurance Corporation of India is a famed CPSE (Central Public Sector Enterprise) that
operates through an elaborate network of zonal offices (9), divisional offices (109) and more
than 2000 branch offices. Satellite sampark centers act as the convenience and access points for
the large customer base of LIC of India which is headquartered in Mumbai. LIC of India has the
distinction of spreading the nascent life insurance culture in India and has thus become the
synonym of life insurance in Indian society. With the passage of time LIC has assumed dynamism
to put up products that symbolize the investment and savings traditions in the country. LIC
therefore has been widely regarded as a popular financial instrument of family savings in a safe
and secure manner while simultaneously enjoying the benefit of life cover for the beneficiary.

11. LIC life insurance – a trusted deal!
Over the decades LIC has traded trust and build up a fine character for itself through its
dedicated services and honoring of insurance claims in a transparent and swift manner. The
company evolved magnificently and as of 2010 the company had total assets of $220 billion. The
growth story of LIC has been a function of heavy demographic base of India that has gradually
evolved to assume significance of life insurance products in their personal lives. The LIC life
insurance policy as a necessary instrument was first accepted by the educated urban classes and
of late it has been readily resorted to by the hinterlands population as a measure of prospective
life cover as also a trusted instrument of parking personal savings.
LIC life insurance plans – responding to individual requirements
LIC has brought out from time to time a great variety of life insurance products to suit the life
cover and savings needs of the social classes. Beginning from the classic plans with regular
premiums and timely bonuses along with term life cover, LIC life insurance plans gradually
evolved to assume market orientations and put forth products like – ‘LIC Market Plus’ and ‘LIC
Money Plus’ policies! These policies allowed the beneficiary to gain market benefits which were
automatically transferred. The disadvantages were however cushioned and not directly felt thus
resulting in its popularity. LIC has been successful in serving the much required satisfaction to its
ever rising customer base through its dedicated services and spotless track record!

12. For more Details visit our website:
www.lifeinsurancecorporationofindia.co.in/
Thank You!!!