LIC of India is the largest insurance company in the world in terms of customer base and agency network. It has over 23 crore customers and about 1.1 million agents. LIC settles over 2.21 claims per second and settled 139 lakhs claims in 2007-2008, making it the company that pays out the most claims globally. LIC is a trusted brand in India and has received several awards and recognition for its services and initiatives.

1. Some Interesting things that make it most trust worthy
LIC of India

2. Largest insurance Company in the world in Customer Base (23
crore customers)
Has Highest insurance Professionals ( Club Member agents )
No.1 insurance company in the world in terms of agency (about 1.1
Million agents)
LIC is No.1 insurer in the world in Volume & Sold around 3.75 Cr.
Policies in 2007-2008.
2nd Biggest Real Estate Owner next to Indian Railways.
LIC is one of the Highest income tax playing Organization. For
Financial Year 2007-08, LIC has paid advance Tax Rs.2627. 14 Cr. &
Service Tax Rs.1292. 15 Cr.
Must know points about LIC

3. Amazingly considerable points
Only 4 countries in the world have more population that
LIC`s policy holders.
No.1 insurance Company in the world in terms of claims
paid.
LIC Settles 2.21 claims per second, LIC settled 139 lakhs
claims during the year 2007-2008.
LIC is known as "Pension Provider" of the country.
1st Pension company in India is floated by LIC as "LIC
Pension Fund Ltd" on 21st Nov 2007.

4. "The most trusted service Brand" in India, by "Economic Times and
AC NEILSEN ORG MARG" for the year 2007 for the 5th
consecutive year.
"Golden Peacock" award for Excellence in "corporate
Governance"10. LIC adjudged as "Best life insurance Company of
the year" at the "2nd"NDTV Profit Business Leadership Awards-
2007.
LIC adjudged the "Most Preferred Life insurance Company of the
year" at the "CNBC AWAAZ" consumer award 2007 for 3rd time in
succession.
Awarded Reader Digest's "Trusted Brand"2006,2007&2008 (Voted
by Consumers)
Award & Recognition

5. "Outlook Money NDTV Profit Award 2007“
"Web 18-Genius of the web Award" Conferred for the
best website in insurance Category
"SKOCH Challengers Award 2008" for "Jeevan Madhur".
"Loyalty Awards 2008"- insurance Sector.
Double crown for LIC in corporate Olympics 2009-
 Most Sporting Corporate
Corporate Championship Award Winner-2008
And awards continues..

6. LIC Settles 2.21 claims per second, LIC
settled 139 lakhs claims during the year
2007-2008.
Prompt settlement of claims (97% maturity
claim settled on or before due date)
One of the Lowest outstanding Claim Ratio
in the world ( Maturity+S B Claim-0.07%)
Honouring of the Commitment

7. Computerized and networked 2048 branch offices and
159 satellite offices throughout the country.
Use of High Tech-WAN,LAN,IVRS & EDMS
LIC is second largest PC user in the country.
EDMS to make LIC a paperless office- Enabling Policy
servicing & payments through all branchs in the country.
Info centre set up in 12 cities for customers to interact
easily.
Dial-1251 for details.
Advanced Technology-For better Customer
Service

8. "Jeevan Saral" one of the product of LIC got "Best
innovation product " award from I.R.D.A.
LIC has covered lick Risk of 1.13 crore citizens
through "AAM ADMI BIMA YOJANA" & "
JANASHREE BIMA YOJANA".
Highest Number of Corporate Clients in Group
insurance Scheme.
And some more…

9. LIC invested more than 11,630 crores, in infrastructure sector
is Rs.56,691 crores
In socially oriented sector like water, drainage & housing etc,
LIC has invested Rs.5,635 crores during 2007-08 & total
investment in this sector is Rs.32,321 crores.
Total investment in Social Sector Rs.89,000 Crs.
Different incentive schemes for villages, Schools and Banks
under Bima Gram, Bima School and Bima Banks.
Total investment in Nation Building Activities is 5,76,000 Crs.
People's Money for People's Welfare

10. LIC's investment income in 2007-08 was Rs.40,655
crores. Out of Total income of Rs, 1,76,559.28 Crs.
Total Assets of the corporation as on 31.3.07 were
Rs. 6,74,514.78 Crs.
Largest institutional investor in Share Market. On
an average Rs.100 crore invested every day.
During theyear 2007 LIC earned the profit
Rs.10,000 Crs. from the Sale of Equity.
Financial Strengths

11. THANK YOU…
These were few.