|
LIC FACTS
|
|
Total Assets of corporation
|
2210378.65 crores.
|
|
Total Life Fund
|
2057625.38 crore
|
|
Total premium income
|
266225.38 crores
|
|
First year premium income
|
97674.32 crores
|
|
Total number of claims settled
|
215.17 lakh
|
|
Total amount paid towards claims
|
101041.65 crores
|
|
Percentage of death claims settled
|
99.55 %
|
|
Percentage of maturity claims settled
|
99.75%
|
|
Total number of policies
|
29.02 crore
|
|
LIC bonus rates at 3.5 % to 5.2 % are the highest in the industry.LIC competitors have bonus rates between 1.2% & 2.8%
|
|
Invest in LIC is backed by sovereign guarantee of Government Of INDIA.
|
|
LIC claim settlement ratio is highest of about 98.19 %.Significantly higher than that of private insurance players.
|
|
LIC has a network of 113 divisional offices,20.148 branches & 13 lakhs agent to provide customer service
|
|
LIC Market share on premium Count: - 70.44%/ policies count: - 76.84% & remaining private companies market share on premium count:-29.56% & on policy count:-23.16%)
|