SAVE LIC 🚩 *Performance Highlights of LIC : 2020-21*

SAVE LIC

*Performance Highlights of LIC : 2020-21*

*LIC procured 2.10 Crore new policies & settled 2.28 Crores Claims -A humongous task in the pandemic times.It could be possible due to total dedication of workforce*

*Market Share of LIC in*

*Composite Policies* : *74.58%*

*Composite Share in FYP* : *66.18%*

*After 22 years of Competition also,LIC is cruising with >70% Market Share*

*Growth in Business of Pensions & Group Schemes* - *Astounding* *39%*

*Highest ever FYPI (First Year Premium Income) of Rs 56,285 Crores was realized by LIC*

*As per International Reports of UK*,

◆ *LIC was rated as 10th Most Valuable Brand throughout the Globe*

◆ *On the basis of Brand Strength,LIC Occupies 3rd position* ( *Earlier it was 10th position.Huge improvement* )

@ *Death Claim Settlement Ratio* -*98.74%*

*Non Early Death Claim Settlement Ratio* -99.86%

*Profits on Equities -Rs 36,900 Crores* ( *Last Year Rs 18,370 Crores*)

*Investment by LIC in Equity portfolio -Rs 94,000 Crores* ( *Last Year -Around Rs 60,000 Crores*)

*In the month of April ,2021 alone,LIC booked profits of*

*Rs 3,161 Crores on Investments*

*Golden Jubilee Foundation of LIC disbursed Rs 11.59 crores through 46 projects in 2020-21.Since it's inception,LIC disbursed 102 crores through 594 projects* ( *Rs 40 Cr towards scholarship to Students*)

*Success Rate of LIC*

◆ *In Court Cases* -99.42%

◆ *In Consumer Cases* -87.96%

*Spectacular Achievement of LIC*

- *There was no Penalty for RTI,despite being huge organization*

*2,21,036 Agents were recruited by LIC in 2020-21.Net addition of Agents -1,44,982*

*72% of Total Premium was received by LIC either through Online or through Merchant Portals*

*LIC achieved highest ever MDRT Agents -16,564*

*IDBI Bank has contributed more than 82,000 Policies and 863 Crores of Premium under B&AC Channel*

*In 6 months time,LIC will be one of the most technologically advanced & digitally organized entity*

*Centralized Policy Bond Printing for all 8 Zones will be done latest by Quarter End*

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Info forwarded as received.