Jamshedpur, Sep. 1: Life Insurance Corporation of India completes 61 years of its incorporation on 1st September, 2017. LIC has played a significant role in spreading the message of life insurance among the masses and mobilization of people�s money for people�s welfare.
LIC of India, Jamshedpur Division procured 185077 policies with 390.29 crores first premium income in the financial year 2016-17. ‘We settled 234700 claims amounting to 86220.08 crores. In this financial year 2017-18, we have taken a target of 219100 policies and first premium income of 364 crores rupees.
We have taken a target to recruit 6700 agents in this financial year so that the message of insurance is spread even in the remotest village. We propose to insure all insurable public’, said senior divisional manager Md Mobinuddin Ansari.
Earlier the foundation day function started with hoisting of the corporation flag where the employees presented corporation song in presence of senior officers and customers.
Addressing a press conference on Friday, Ansari further said, ‘The weeklong celebration will host several events. A mega rally was taken out from the divisional office in the afternoon. On day 2 a sit and draw competition will be organised for school children at the divisional office on Saturday’.
While completing 61 years of existence, LIC has grown from strength to strength be its customer base, agency network, branch office network, new business premium and has a significant role in spreading life insurance widely across the country.
At the end of the FY 2016-2017, we had 23 plans for sale under Individual Business etc. Our customers are assured to be provided with the best products as per their changing needs and changing times, added Ansari.