Life insurence Corporation of india.(LIC) Is the largest insurance company in india witch is asscotion of over 245 insurence company socities.
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
أزال أحد مشرفي المدونة هذا التعليق.
ردحذفإرسال تعليق