Life Insurance
Corporation of India nationalized in September 1st, 1956.
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.
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.
Govt. wants to privatise
this “Golden Egg yielding Goose” to private corporates.
One of the demands of Sep 2nd, 2015 strike is “Don’t privatise L.I.C. “
One of the demands of Sep 2nd, 2015 strike is “Don’t privatise L.I.C. “
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1. Hundred year old
Building of L.I.C in Mumbi.
2. L.I.C’s Head Office in Mumbai
3.The 14 storey building of Life Insurance Corporation of India (LIC) at Anna Salai (the then Mount Road) is one of the most important landmarks of not only Anna Salai but the entire Chennai city.
Built in 1959 and inaugurated on 23.05.1959. Till the beginning of 1990s LIC was the tallest building of Chennai city. You could find LIC building being shown symbolically to represent Chennai city in many of the old Tamil and South Indian movies.
2. L.I.C’s Head Office in Mumbai
3.The 14 storey building of Life Insurance Corporation of India (LIC) at Anna Salai (the then Mount Road) is one of the most important landmarks of not only Anna Salai but the entire Chennai city.
Built in 1959 and inaugurated on 23.05.1959. Till the beginning of 1990s LIC was the tallest building of Chennai city. You could find LIC building being shown symbolically to represent Chennai city in many of the old Tamil and South Indian movies.
1 comment:
LIC IS THE BRAIN CHILD OF AIIEA. BEACUSE OF THE SUSTAINED STRUGGLE OF THE ALL
INDIA INSURANCE EMPLOYEES ASSOCIATION GOVT NATIONALISED THE INSURANCE INDUSTRY
AND THAT'S HOW LIC HAS BORN.EVEN TODAY WITH THE SAME PATRIOTIC FEELING WE ARE
NOT ONLY PROTECTING LIC BUT ALSO WE SERVE THE NATION AS A WHOLE. LONG LIVE
AIIEA! LONG LIVE! LONG LIVE! JOHNPONNUDURAI TRICHY
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