Some Statistics About L.I.C.:
Government Capital= Rs. 5 crore (only)
Policy Holders = 30 crores
Asset = Rs.20.31 lac crores
Dividend paid to Govt.,= For 2014-15 is Rs.1803 crores
From 2001 to 2015 = Rs.13000+ crores
(Can you image this much huge dividend for 5 crore capital)
Settlement of Death claims = 99.51%
Settlement of Maturity claims= 99.78%
Market Share (even after entrance of private companies)=78%
Investment in Govt., Bonds and Social Schemes=Rs. 12.86 lac crores.
Employees : More than 1,25,000 and Agents more than 12 lacs.
One of the demands of Sep 2nd, 2015 strike is “Don’t privatise L.I.C. “