Daijiworld Media Network — Udupi
Udupi, Sep 2: Life Insurance Corporation (LIC) of India celebrated the 58th year of its incorporation on Monday September 1.
Vishwanath Gowda, senior division officer, addressing media persons, said that the organization has settled all claims in 2013-14. “We have a total income of Rs 3 lac and a target of 280 crore income and 40,850 policies in future. There are 14 products in their basket and today we have launched Jeevan Shagun which is a single premium money back plan. Nearly more than 10,000 agencies are functioning alongwith nine banks and 600 sub branches working in partnership,” he added.
“Our primary target is to reach customers through a door-to-door campaign in the current year. The authority will have to reach 600 crore policy holders in 2014-15. The corporation has occupied first position at the zonal level and second at the national level,” added Gowda.
“LIC has spearheaded the financial and infrastructure development of the nation since its inception in 1956. Generations of people have placed their trust in LIC and thus availed financial stability for themselves and their families,” he said.
“We have 117 schemes under pension and group insurance during the present financial year. Our first priority is on ‘anywhere, anytime, any type of service’ and digitization of documents has been completed,” Gowda said.
K P Pandith, divisional officer, was also present on the occasion.