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LIC(LIFE INSURANCE CORPORATION)

1.) Headquartered:- Mumbai

2.) LIC Slogan(Hindi):- Zindagi Ke Sath Bhi, Zindagi Ke Baad Bhi

3.) LIC Slogan(English):- With Life Also, After Life Also.

4.) Indian Parliament Passed:- 19 June, 1956

5.) Life Insurance Was Nationalized:- 19 Jan, 1956

6.) LIC Came Into Being On(Created):- 1 Sept, 1956

7.) It Is A "Financial & Commercial Capital Of India"

8.) It Has 8 Zonal Office, 101 Divisional Offiice, 2048 Branches(Cities/Town)

9.) 1.2 Million Agent

10.) The Life Insurance Act & The Provident Fund Act Passed In:- 1912

11.) The India Insurance Companies Act:- 1928

12.) The Subsequent Insurance Act :- 1938

13.) In 2011, LIC Is A 8th Most Trusted Brand In India

14.) Income Tax Act:- 1961

15.) The GENERAL INSURANCE Businees(Nationalization) Act: 1972

16.) The Oriental Life Insurance Company:-First Indian Insurance Company In Calcutta in 1818

17.) Higher Tax Paying Organization: (2007-2008)
Advanced Tax:- Rs 2627.14 Crores
Service Tax:- Rs 1292.15 Crores

18.) LIC:-(23 Crores Customer)

19.) No 1 Company:- 1.1 Million Agent

20.) LIC Settles 2.21 claims per second, LIC settled 139 lakhs claims during the year
2007-2008.

21.) LIC is second largest PC user in the country.

22.) "Jeevan Saral" one of the product of LIC got "Best innovation product " award from I.R.D.A.

23.) LIC has covered lick Risk of 1.13 crore citizens through "AAM ADMI BIMA
YOJANA" & " JANASHREE BIMA YOJANA".

24.) IRDA Act:- 1999
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