Showing posts with label LIC. Show all posts
Showing posts with label LIC. Show all posts

Wednesday, June 5, 2024

Life Insurance Corporation of India (LIC) - Buy LIC New policy - call: 9886568000

Life Insurance Corporation of India (LIC)


A Beacon of Trust and Prosperity

Founded on September 1, 1956, the Life Insurance Corporation of India (LIC) stands as a pillar of the Indian financial landscape, having been established when the Indian government nationalized the private insurance industry. Spanning over half a century, LIC’s journey has been intertwined with the socio-economic development of India, making significant contributions to the nation's wealth creation while nurturing a deep-seated trust among its vast customer base.


Nationalization, Sovereign Guarantee, Policyholder Trust, Wealth Creation, Government-Owned, Jeevan Anand, Insurance Plans, Endowment Policies, Term Insurance, ULIP (Unit Linked Insurance Plan), Annuity Products, Pension Funds, Claim Settlement, Market Leader, Financial Security, Premium Payment, Online Services, Pan-India Presence, Rural Outreach, Customer Service, mutual funds, sip,


Historical Overview

The inception of LIC was a result of the Life Insurance of India Act, passed in 1956, which led to the nationalization of 245 private life insurance companies. This monumental move was aimed at protecting the interests of policyholders and channeling funds into the Indian economy. Since its establishment, LIC has grown phenomenally, evolving into an insurer with an unparalleled reach and scale in India.

Customer Base and Penetration

LIC commands a towering presence in the Indian life insurance market, catering to a diverse clientele across urban and rural India. As of 2021, LIC reported serving over 250 million policyholders, a testament to its deep penetration and widespread appeal. The corporation’s extensive network, with thousands of branches and millions of agents, ensures its services are accessible to the farthest corners of the country. This vast reach is not just a business metric but reflects LIC's critical role in providing financial security to a significant segment of India’s population.

Wealth Creation and Economic Impact

LIC is not just a life insurance provider but a vital financial institution contributing to the broader economic fabric of India. Through the mobilization of household savings, LIC has been pivotal in channeling funds into various sectors of the economy. The premiums collected are invested in government securities, infrastructure projects, and other secure instruments, thus fueling economic development and stability. The returns generated on these investments contribute to the wealth of policyholders, fostering a cycle of wealth creation and financial inclusion.

Policyholder Trust and Reliability

Trust is the cornerstone of the insurance business, and LIC has built an immense reservoir of trust over the years with its policyholders. The corporation's consistency in fulfilling claims and settling disputes efficiently has reinforced its reputation as a reliable insurer. The government backing further enhances this trust, assuring policyholders of the safety of their investments and the guarantees on their policies. This enduring trust has enabled LIC to maintain a dominant position in the Indian market despite increasing competition from private insurers.

World Ranking and Competitiveness

On the global stage, LIC holds its ground as one of the largest insurance companies in terms of customer base. Its immense size and the volume of funds managed also place it among the top global insurance players in terms of assets. LIC's impact and footprint in the life insurance industry underscore its critical role not just in India but as a notable entity in the international insurance market.

Government Guarantee and Sovereign Support

One of the unique features of LIC is the sovereign guarantee provided by the Government of India, which covers the sums assured with respect to all policies issued by LIC. This guarantee ensures that the policyholder’s interests are safeguarded under all circumstances, providing a significant edge over private competitors who lack such backing. This government assurance is pivotal, especially in turbulent economic times, as it underpins the financial security of millions of individuals and families.

Future Outlook and Innovations

As India progresses, LIC continues to adapt and innovate to meet the changing needs of its policyholders and the market. Embracing digital technologies, improving customer service interfaces, and expanding into newer insurance products are part of LIC’s strategy to stay relevant and competitive. With the government’s push towards financial literacy and inclusion, LIC’s role is likely to expand further, making it a key player in the mission to build a financially secure and inclusive India.

LIC of India has not only witnessed but also contributed to the shaping of India’s economic history. Its role in wealth creation, backed by a mammoth customer base and the unwavering trust of its policyholders, highlights its significance in the nation's socio-economic narrative. With its solid foundation and government backing, LIC continues to stand as a beacon of trust, prosperity, and security, promising a brighter and more secure future for millions of Indians. As it marches forward, LIC remains synonymous with life insurance in India, a true testament to its enduring legacy and leadership.

Thursday, April 30, 2020

Term plan, Rs. 1 Crore @ Rs. XX/day - How term plans are so cheap online - How it works

After Corona attack, everyone wants to buy Life Insurance as soon as possible. The same way many online portals also started marketing their products. Many people also started buying online Insurance plans without considering who would help for claims etc., 
You can see a number of Term plan advertisements on websites and television. A normal person may not be able to buy as per the calculations shown. The premium calculated is for a plain plan of Rs. 1 Crore. No extra benefits added to that. 



Term Insurance, 1 Crore @ Rs. XX/Day

BUY Term plan with all benefit 


GIVE  A MISSED CALL AT : 9886568000 

Lifetime doorstep services


Whenever requirement for Term insurance comes, please go for all riders like
  •  Accident Benefit, 
  • Critical Illness rider
  • Waiver of Premium etc.,

Buying online products is very easy. You might have seen after the delivery of the product how many people fight for installation with their little know knowledge and finally break it. 

Insurance is not a product. Life Insurance is for your life for the betterment of your nominees future.  Many buy Insurance online and forget to update them with family members. Buying Life Insurance offline is always good. The policyholder would have a satisfaction meeting, discussing and declaring everything to the Insurance Executive. 

Insurance should be purchased from an experienced Advisor who can do the due diligence in a proper way. In the future, if he is not there also, the claim should not be a problem. 




Term plan, Rs. 1 Crore @ Rs. XX/day - How term plans are so cheap online - How it works

After Corona attack, everyone wants to buy Life Insurance as soon as possible. The same way many online portals also started marketing their products. Many people also started buying online Insurance plans without considering who would help for claims etc., 
You can see a number of Term plan advertisements on websites and television. A normal person may not be able to buy as per the calculations shown. The premium calculated is for a plain plan of Rs. 1 Crore. No extra benefits added to that. 



Term Insurance, 1 Crore @ Rs. XX/Day

BUY Term plan with all benefit


GIVE  A MISSED CALL AT : 9886568000 

Lifetime doorstep services


whenever anyone wants to go for a term plan, please add all riders like Double Accident Benefit, Critical Illness rider etc.,

Buying online products is very easy. You might have seen after the delivery of the product how many people fight for installation with their little know knowledge and finally break it. 

Insurance is not a product. Life Insurance connected with your life and your nominees future.  Many buy Insurance and never discuss that with family members. Insurance is a long term affair, it has to be discussed with family before planning.

Insurance should be purchased from an experienced Advisor who can do the due diligence in a proper way. In the future, if he is not there also, the claim should not be a problem. 




Thursday, February 21, 2019

LIC Branch Code : 3084T002 - REWA - MADHYA PRADESH -

LIC Branch Code : 3084T002


Satellite Office,
SATELLITE SAMPARK OFFICE, 
LIC , CHAKGHAT ,
(REWA), 
MADHYA PRADESH - 486001

Tuesday, November 10, 2015

Civil Station LIC Branch

LIC of India, Bangalore Civil Stan East
Oriental Bldg Ground Floor M G Road.
Bangalore
City: Civil Stn.(E)
State:Karnataka
Pin Code: 560001
Branch Code: 603
Ph No.: 080-22966848
email id:bo_603@licindia.com

N R Square LIC Branch, Bangalore

LIC of India, Bangalore Cb No 8
N R Square Branch Office
Indian Mutual Bldg 4th & 5th Floor.
N R Square Road
City: Bangalore
State:Karnataka
Pin Code: 560002
Branch Code: 602
Ph No.: 080-22966547
email id:bo_602@licindia.com
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