LIC targets 62 crore customers by 2020

Published: 28th July 2013 08:28 AM  |   Last Updated: 28th July 2013 08:28 AM   |  A+A-

The Life Insurance Corporation is planning to open around 1,800 offices by December 31, 2013 as part of its drive to have an office in all towns of India where population is above 10,000. Addressing a press conference here, Zonal Manager T Sitharthan said that LIC South Zone has already opened 77 mini offices.

During the last financial year, the LIC sold 43.52 lakh policies with a premium income of `2,95,981 lakh.

This financial year, LIC South Zone sold 6.32 lakh policies up to July 15 with a premium income of `47,283 lakh.

He also said that of the 1.70 crore maturity claims payable, LIC has settled 1.68 crore maturity claims. The percentage of claims settled is 99.51 per cent.

The LIC is planning to recruit one lakh agents this financial year. As on date, LIC has 26 crore customers. It plans to draw 62 crore more customers by 2020.

Stay up to date on all the latest Chennai news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp