Tuesday, 26 January 2016

LIC Notes: Important Facts to know

LIC: Important Facts to know about LIC : These LIC AAO Exam notes is very useful for every aspirants for all IBPS Bank exam and LIC AAO Exam.

LIC Notes: Important Facts to know

  • The First insurance company in India: Oriental Life Insurance Company (1818, Calcutta)
  • First Indian company offered insurance: Bombay Mutual Life Assurance Society (1870)
  • LIC was created by passing LIC Act in 1956 with the consolidation of 245 private life insurance providers.
  • Life Insurance, one among the 17 sectors which were reserved for the government in Industrial Policy Resolution 1956
  • Head quarter of LIC: Mumbai, India
  • Present Chairman: S K Roy
  • LIC building in Chennai: Tallest in India when it was inaugurated in 1959
  • LIC Slogan: yogakshemam vahamyaha (Sanskrit) which means in English “Your welfare is our responsibility”
  • From the year 2006, LIC has been continuously winning the Readers’ Digest Trusted brand award
  • LIC has 8 zonal offices, around 113 divisional offices, 2,048 branches and 992 satellite offices and corporate offices
  • Largest insurance company in India with an estimated asset value of ₹1560482 crore
  • India’s most trusted brand according to Brand Trust Report for 4 continuous years 2011-2014.
  • Major companies where LIC has raised its stake include Infosys, RIL, Coal India Ltd and Cairn India

No comments:

Post a Comment