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*------------------
Info forwarded as received.
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