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The Indore division of LIC may claim itself to be at No 1, when it comes to number of branches it has got on its fold. Still, it is placed at 13 th position among all the divisions of the company across the country in terms of business volume. The LIC officials defend that it was due to the fact that the region was not densely populated and more of its earnings come from the rural parts of the region.
The new premium income of the country's largest life insurer, Life Insurance Corporation's (LIC) Indore division has fallen during the current fiscal so far. The division generated revenue to the tune of Rs 65 crore as on 14 August, when compared to the mark of Rs 81 crore, which had been achieved by it during the corresponding period of the last fiscal. Similarly, the division witnessed a marginal fall on the front of number of new policies.
Top paddlers will be seen in action during the 47th LIC Western Zone Table Tennis tournament, organized for the first time by Nagpur division of Life Insurance Corporation of India. The two-day tourney will get underway on Tuesday.
Syndicate Bank has decided to enter into an agreement with Life Insurance Corporation of India to distribute their product through the bank's network, MG Sanghvi, chairman and managing director of the bank informed the employees here.
LIC Nomura Mutual Fund has appointed Mr. Killol Pandya as Senior Fund Manager &ndash Debt. Pandya has over 15 years experience in fund management, portfolio development and analysis of securities. Apart from managing mutual fund schemes, he has worked in the areas of retirement benefit funds, fixed income dealing and proprietary debt portfolios. Prior to joining LIC Nomura, Pandya was Head- Fixed Income at Daiwa Asset Management Company.
The Indore division of the country's largest life insurer, Life Insurance Corporation of India (LIC), is aiming at achieving a growth by 5% in terms of number of policies and 6% in terms of the revenue generation by the end of the current fiscal, when compared to the mark which was done by it during the last fiscal. Meanwhile, it has already completed 2.75 lakh policies and thus garnered a revenue income of Rs 180 crore as on 31 December, 2012.
Chairman of Life Insurance Corporation of India D K Mehrotra is scheduled to visit the state capital on Friday to review the working of the zone comprising Bihar, Jharkhand and Odisha.Mehrotra, who hails from Bihar, will address various regional managers of the zone and senior divisional managers from the three states.
Anand Jathan one of the top agents of Life Insurance Corporation has been appointed Division Vice-President of the `Million Dollar Round Table' - a global club of top insurance agents which makes him a part of the 15-member management council. He is the first Indian to get the top position, for the second year in succession.
Life Insurance Corporation of India will observe October as Social Security month and will promote its two schemes for poor people (weaker sections of the society), namely Janashree Bima Yojana (JBY) & Aam Admi Bima Yojana (AABY).
LIC Housing Finance Ltd (LIC HFL), a leading housing finance company in India, today inaugurated its new office in Barasat, Kolkata. Following the launch of this office, LIC Housing Finance now has six marketing offices in Kolkata.
The district office of the Life Insurance Corporation (LIC) in the busy Hazratganj area here was gutted in a major fire late on Thursday. No one was injured as the office was closed.
V. Manickam, Ex- Managing Director and CEO of LIC Pension Fund took charge as the Secretary General of Life Insurance Council with S B Mathur, out-going Secretary General handed over the charge to Mr V Manickam today.
The southern region of LIC Housing Finance's loan disbursals grew by 28% during FY 12 to touch Rs 4,798 crore compared to Rs 3,751 crore during FY 11. --
DK Mehrotra chairman Life Insurance Corporation says that LIC has set a target of issuing a policy to every insurable Indian by 2020.
DK Mehrotra chairman Life Insurance Corporation of India says that average sum insured per working person has gone up to Rs 1 lakh but required amount is Rs14 lakh.
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