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One of the Worlds Largest

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INDIA'S largest Financial Institutional Investor both in equity market and term loans. An Institutional Builder promoting promoting NSE, NCDEX, LIC Mutual fund, Stock ... – PowerPoint PPT presentation

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Title: One of the Worlds Largest


1
LIFE INSURANCE CORPORATION OF INDIA
  • One of the Worlds Largest
  • Life Insurance Company
  • Welcomes You to the
  • Life Insurance Awareness Campaign.

2
Established in 1956
22
50
51
22 crore customers across the Nation
3
Providing financial security to people
from all walks of life
at every stage in life
Helping to fulfill your dreams
Supporting you in the hour of need
4
Our Mission and Vision
Vision A trans-nationally competitive
financial conglomerate of significance to
societies PRIDE OF INDIA
5
Our Values
Caring and Courtesy
Initiative and Innovation
Integrity and Transparency
Quality and Returns
Participation and Relationship
Trustworthiness and Reliability
6
Our Culture
Agility
Adaptibility
Collaboration
Commitment
Discipline
Empowerment
Sensitivity
Excellence
7
Justifying people's trust
NO.1 SERVICE BRAND
AC Nielsen ORG-MARG Survey 2004 to 2007 (For the
4th consecutive year)
8
Awards won by LIC
Golden Peacock Global Award 2005, 2006 and 2007
Asia Insurance Merit 2005 2006 in Corporate
Social Responsibility
Awaaz Consumer Award 2005, 2006 2007 given by
CNBC_TV
9
Our Glory
  
No.1 in Net Worth
No.2 in Total Income
No.1 in Net Profit

Reader Digests Trusted Brand Award 2006 2007.
Business Worlds Most Respected Co. Award
2005,2006 2007.
10
Our Proud Position
Selected Super Brands India Awards 2003-04
2004-05 2005-06 2006-07 NDTV Profit Business
Leadership Award 2006
11
Our Proud Position - contd
INDIAS largest Financial Institutional Investor
both in equity market and term loans An
Institutional Builder promoting promoting NSE,
NCDEX, LIC Mutual fund, Stock Holding Corporation
of India, National Insurance Academy, Insurance
Institute of India LICs e-portal (website) has
won Webbys Consumers voted best website
award NDTV Profit Business Leadership Award 2006
12
A wide range of products........ more than 40
Whole Life Plans Whole Life (Plan 2)
Limited Payment Whole Life (Plan 5) Single
Premium Whole Life (Plan 8)
Special Plans New Jeevan Shree - 1(Plan
162) Jeevan Saral (Plan 165) Jeevan
Pramukh (Plan 167) Jeevan Bharati -
Special Plan for Women (Plan 160)
Endowment Plans Endowment Plan (Plan 14)
Jeevan Mitra - (Plans 88 133) Limited
Payment Endow (Plan 48) New Janraksha (Plan
91) Jeevan Anand (Plan 149) Jeevan Amrit
Plans for Benefit of Children Jeevan Kishore
(Plan 102) Komal Jeevan (Plan 159)
Marraige Endow. Edu.Annuity (Plan 90)
Jeevan Chhaya (Plan 103) Jeevan Anuraag
(Plan 168)
Term Assurance Plans Anmol Jeevan (Plan
164) Temporary Assurance Cover (Plan 43)
Convertible Term Assurance Cover (Plan 58)
Plans for Handicapped Jeevan Aadhar (Plan
114) Jeevan Vishwas (Plan 136)
Joint Life Plan Jeevan Saathi (Plan 89)
Capital Market Linked Plan Market Plus (Plan
181) Fortune Plus (Plan 187) Profit
Plus (Plan 188)
Money Back Plans 20 25 year Money Back
(Plans 75 and 93) Jeevan Surabhi (Plans
106,107,108) Jeevan Tarang (Plan 178)
New Bima Gold (Plan 179)
Pension Plans New Jeevan Suraksha-1 (Plan
147) New Jeevan Dhara-1 (Plan 148) Jeevan
Akshay VI (Plan 189) Jeevan Nidhi (Plan 169)
Investment Plans Bima Nivesh 2005 (Plan
171) Bima Bachat (Plan 175)
13
OUR LATEST PLAN LAUNCHES
  • CHILD CAREER PLAN
  • (Plan 184)
  • CHILD FUTURE PLAN
  • (Plan 185)
  • JEEVAN AMRIT
  • (Plan 186)
  • PROFIT PLUS
  • (Plan 188)
  • FORTUNE PLUS
  • (Plan 187)
  • JEEVAN AKSHAY 6
  • (Plan 189)

14
Financial Highlights during FY 2006-2007
Figures speak louder than words
  • Total Premium Income Rs. 112,307.77 crore
  • Income from Investment Rs. 35,478.64 crore
  • Total Income Rs.176,559.28 crore
  • Payments to Policyholders Rs. 47,703.91 crore

As on Rs. (in crores) 31.3.2000 1,61,002.02 31.3
.2001 1,92,514.65 31.3.2002 2,45,331.46 31.3.2003
2,89,895.52 31.3.2004 3,67,359.84 31.3.2006
5,52,447.33 31.3.2007 6,74,514.78
As on Rs. (in crores) 31.3.2000 1,54,043.73 31.
3.2001 1,86,024.75 31.3.2002 2,27,008.98 31.3.2003
2,73,004.96 31.3.2004 3,21,753.53 31.3.2006
4,63,147.62 31.3.2007 5,72,602.80
Assets
Life Fund
15
Winning the trust of the people, year after year
Business Inforce
Total New Business in 2006-07
No. of policies 382.09 Lakhs Sum-Assured
Rs. 303115.54 crores First Premium Rs.
39541.58 crores
16
World class Claims Performance
  • Ratio of outstanding claims 0.07
  • It s the largest number settled by any life
    insurer in the world
  • LIC settles 1.27 Crore claims i.e 44900 claims
    every working day i.e. 2 claims settled every
    second.

Year Number Amount (in lakhs)
Rs. (in crores) 2001-02 87.67 14,519.25 2002-
03 96.91 17,061.75 2003-04
103.53 19,607.20 2004-05 114.91
23,560.66 2005-06 118.00
28,512.26 2006-07 127.93 47,703.91
Claims settled
17
Keeping pace with times - Trust meets technology
  • All 2048 branches of LIC are computerized.
  • LICs WAN covers 100 Divisions.
  • Branches are connected by MAN.
  • Online Premium Payments.
  • A new Zonal office and 5 new Divisions opened
    this year.
  • 110 Satellite Sampark offices opened to bring LIC
    to your doorstep
  • IVRS facility available in 59 Urban centers.
  • Kiosks installed in 150 Select Centers.
  • Info Center working in 8 centers.

18
  • Our website www.licindia.com offers Enterprise
    Portal for customers.
  • Online Premium Payments through 8 banks and three
    payment gateways, billjunction.com, billdesk.com
    timesmoney.com
  • Premium payment through ATMs of Corporation Bank,
    UTI Bank
  • Premium payment through ECS in select centres
  • IVRS facility available in 59 Urban centers.
  • Kiosks installed in 150 Select Centers.
  • Info Center working in 8 centers.

19
Citizens Charter
Our Commitment to the Community
  • Provide insurance cover and financial security
    to every insurable person.
  • Conduct all aspects of our business keeping in
    view its interest and national priorities.
  • Provide them prompt, efficient and courteous
    service.
  • Act as trustees of their funds and invest the
    funds to their best advantage.
  • Conduct our business with utmost economy and on
    sound business principles.

20
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21
Policies to be guaranteed by Central Government
  • The sums assured by all policies issued by the
    Corporation including any bonuses declared in
    respect thereof and, subject to the provisions
    contained in section 14 the amounts assured by
    all policies issued by any insurer the
    liabilities under which have vested in the
    Corporation under this act, and all bonuses
    declared in respect thereof, whether before or
    after the appointed day, shall be guaranteed as
    to payment in cash by the Central Government.
  • - Section 37 of
    LIC ACT, 1956

22
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