LIC celebrates 58th anniversary
Source: The Sangai Express
Imphal, September 07 2014:
Life Insurance Corporation of India celebrated its 58th anniversary on September 1.Every year, the 1st week of September is observed as Insurance Week in all the offices of the corporation, stated a press release issued by LIC Kakching Branch.
As a custodian to peoples' money, LIC is committed to serve the nation in the field of life insurance.
Till date more than 30 crore and life fund of Rs 1433000 crore.
In the last fiscal year, 259 lakh claims were settled with claim settlement ratio of 99.6% .
Not only in the field of life insurance, LIC also contributed in various field in infrastructure building of the nation.
During the FY 2012-2013, LIC invested Rs 5090.38 Cr on housing, Rs 10924.65 Cr in power sector, Rs 3000 Cr in the Road Construction and Rs 1255.14 Cr in various sectors.