KNOW ABOUT LIC ALL RARE DATA

Life Insurance Corporation of India nationalized in September 1^st, 1956.

Some Statistics About L.I.C.:
Government Capital= Rs. 5 crore (only)
Policy Holders           = 30 crores
Asset                           = Rs.20.31 lac crores
Dividend paid to Govt.,= For 2014-15 is Rs.1803 crores
                                             From 2001 to 2015 = Rs.13000+ crores
(Can you image this much huge dividend for 5 crore capital)
Settlement of Death claims = 99.51%
Settlement of Maturity claims= 99.78%
Market Share (even after entrance of private companies)=78%
Investment in Govt., Bonds and Social Schemes=Rs. 12.86 lac crores.
Employees : More than 1,25,000 and Agents more than 12 lacs.

Govt. wants to privatise this “Golden Egg yielding Goose” to private corporates.
One of the demands of Sep 2^nd, 2015 strike is “Don’t privatise  L.I.C. “

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1. Hundred year old Building of L.I.C in Mumbi.
2.  L.I.C’s Head Office in Mumbai
3.The 14 storey building of Life Insurance Corporation of India (LIC) at Anna Salai (the then Mount Road) is one of the most important landmarks of not only Anna Salai but the entire Chennai city.
Built in 1959 and inaugurated on 23.05.1959. Till the beginning of 1990s LIC was the tallest building of Chennai city. You could find LIC building being shown symbolically to represent Chennai city in many of the old Tamil and South Indian movies.