LIC-Life Insurance of india

        LIC 

 

 

 Life insurence Corporation of india.(LIC) Is the largest insurance company in india witch is asscotion of over 245 insurence company socities. 

If you want to join LIC contact on whatsapp 6387646996. 

LIC: Type of Plans

Lic have the board and deep product spectrum to the address the need of different people  

Let discss such plans in detail-

1.LIC  New Jeevan Anand Plan (Plan No.915)

 LIC New Jeevan Anand Plan is a participating non linked plan that servan that attraction mixture of protection and savings. This paln provides you saving And also provide loan favitlity to support during emergence.

Entry Age=18 years

Maximum maturity age=75years

Policy trems=15-35

Minimum sum assured =Rs.1,00,000

2.LIC Jeevan Labh (Plan No: 936)

LIC Jeevan Ladh  is a premium paying, non-linked and with profits endownmant plans that provide the combination of protection and savings. And also provide finacial assistanct to the family in the case of maturity , a lamp sum amonut payable.

Entry age=8years

Maximum maturity age =75 years 

Policy terms  16 to 25 years

Minimum sum assured=Rs.2,00,000

And other.

Five yreas Plans.

Plan	Year	Investment
2	1956-1961	₹184 Cr
3	1961-1966	₹285 Cr
4	1969-1974	₹1,530 Cr
5	1974-1979	₹2,942 Cr
6	1980-1985	₹7,140 Cr
7	1985-1990	₹12,969 Cr
8	1992-1997	₹56,097 Cr
9	1997-2002	₹1,70,929 Cr
10	2002-2007	₹3,94,779 Cr
11	2007-2012	₹7,04,720 Cr
12	2012-2017	₹14,23,055 Cr
13	2017-2022	₹28,01,483 Cr

Slogan

LIC's slogan yogakshemam vahamyahat which loosely translates into English as "Your welfare is our responsibility". This is derived from ancient Hindu text, the 's 9th chapter, 22nd. The slogan can be seen in the logo, writt script. This line means "I carry what they lack, and I preserve what they have" , when taken in context of the entire verse.

Employees and agents

As on 31 March 2018, LIC had 111,979 employees, out of which 24,510 were women.

Category of employees	Total Number	No. of Women
Class-I Officers	32,803	7,041
Class-II Development Officers	22,830	1,148
Class III/IV employees	64,346	16,321
Total	114000	24,510

Holdings

LIC holds shares worth about ₹2.33 lakh crore in all the Nifty companies put together, but it lowered its holding in a total of 27 Nifty companies during the quarter

The cumulative value of LIC holding in these 27 companies fell by little over ₹8,000 crore during the quarter shows the analysis of changes in their shareholding patterns.

Individually, LIC is estimated to have sold shares worth ₹500-1,000 crore in eah of Mahindra & Mahindra, HDFC Bank, ICICI Bank, Tata Motors, L&T, HDFC, Wipro, SBI, Maruti Suzuki, Dr Reddys and Bajaj Auto.^[c

The insurance behemoth also trimmed holdings in Ambuja Cements, Cipla, TCS, Lupin and Asian Paints. A marginal decline was also witnessed in its stakes in companies such as IDFC, Hindustan Unilever, Grasim, ACC, BPCL, Bank of Baroda, Punjab National Bank, Sun Pharma and Tata Power.

On the other hand, LIC further ramped up its stake in a total of 14 Nifty constituents with purchase of shares worth an estimated ₹4,000 crore.^[

The major companies where LIC has raised its stake include Infosys, RIL, Coal India Ltd and Cairn India. Other such companies are ITC, Power Grid Corp, NTPC, Siemens, Bharti Airtel and Hero MotoCorp.

The state-run insurer also marginally hiked its exposure in Ultratech, Gail India, Ranbaxy, Kotak Mahindra Bank and HCL Technologies, while its shareholding remained almost unchanged in companies like ONGC, Tata Steel, BHEL and Reliance Infra.

Among the Nifty companies, LIC's holding in terms of value in 2012 were estimated to be the highest in ITC (₹27,326 crore), followed by RIL (₹21,659 crore), ONGC (₹17,764 crore), SBI (₹17,058 crore), L&T (₹16,800 crore), and ICICI Bank (₹10,006 crore).

The share price drop in ITC on 18 July 2017 had caused C a major loss of around 7000 Crores.

LIC now also holds 51% stake in IDBI bank thus making it the only insurer in India to own a bank, since regulations prohibit insurers from holding more than 15% stake in any company, LIC will have to decide a timeline for paring its stake in IDBI bank; also LIC will have to pare its stake in LIC Housing Finance Ltd as a company cannot be promoter of 2 finance companies carrying out same housing finance business so either LIC has to sell its stake in LIC housing or close down housing business of IDBI bank. 

LIC MERCHANT

lic merchant- lic mercant-youtude

LIC merchant Login - complete process-

LIC Merchant Portal Login, Registration and Premium Collection

Premium payment is the most essential thing to be done after buying a life insurance policy or health insurance policy from LIC of India. A hassle-free premium payment method is brought to the customers in the form of the LIC Merchant. The merchants are 100% authentic and trustworthy as appointed by the LIC of India.

For efficient and authentic functioning of premium collection, the LIC of India has provided a 'merchant portal' where all the task needs to be performed online. The merchants need to login in to carry out the premium collection.

lic merchant | AngeList

lic merchant

LIC of India enjoys the status of being only public sector Life Insurance company commanding more than 70% market share even after more than a decade of opening up of the insurance industry. Government of India being its only stake holder, LIC policies come with sovereign guarantee.

some important links

:Uiic portal 

Uiic portal.

Star health agent p

ortal

    Star heathy agent portal

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