Mission "Explore and enhance the quality of life of people through financial security by providing products and services

of aspired attributes with competitive returns, and by rendering resources for economic development."

Vision "A trans-nationally competitive financial conglomerate of significance to societies and Pride of India."

Members On The Board Of The Corporation Shri D.K. Mehrotra, (CHAIRMAN, LIC ) Shri Thomas Mathew T. (Managing Director, LIC ) Shri Sushobhan Sarker (Managing Director, LIC ) Shri Arvind Mayaram (Secretary, Department of Economic Affairs, Ministry of Finance, Govt. of India.) Shri Rajiv Takru (Secretary, Department of Financial Services, Ministry of Finance, Govt. of India.) Shri A.K. Roy (Chairman cum Managing Director, GIC.) Shri M.V. Tanksale (Chairman & Managing Director, Central Bank of India )

Shri Anup Prakash Garg Shri Sanjay Jain Shri Ashok Singh Shri K.S. Sampath Shri Amardeep Singh Cheema

We Operate All Over India

PRIVATE LIFE INSURANCE COMPANIES

Date of Registratio n 23/10/2000 15/11/2000 24/11/2000 10/01/2001 31/01/2001 12/02/2001 30/03/2001 02/08/2001 03/08/2001 06/08/2001 03/01/2002 14/05/2002 06/02/2004 17/11/2005 14/07/2006 04/09/2007 19/12/2007 08/05/2008 27/06/2008 27/06/2008 26/12/2008 05/11/2009

Sr.No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22

Registrati on No. 101 104 105 107 109 110 111 114 116 117 121 122 127 128 130 133 135 136 138 140 142 143

Name of the Insurer HDFC Standard Life Insurance Co. Ltd. Max New York Life Insurance Co.Ltd. ICICI Prudential Life Insurance Co.Ltd. Kotak Mahindra old mutual Life Insurance Co.Ltd. Birla Sun Life Insurance Co.Ltd. TATA AIG Life Insurance Co. Ltd. SBI Life Insurance Co.Ltd. ING Vysya Life Insurance Co.Ltd. Bajaj allianz Li Bajaj Allianz Life Insurance Co.Ltd. Met Life India Insurance Co. Ltd. Reliance Life Insurance Co. Ltd. Aviva Life Insurance Co. Ltd. Sahara India Life Insurance Co.Ltd. Shriram Life Insurance Co.Ltd. Bharti Axa Life Insurance Co.Ltd. Future Generali India Life Insurance Co.Ltd. IDBI Fortis Life Insurance Co. Ltd. Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. Aegon Religare Life Insurance Co. Ltd. DLF Pramerica Life Insurance Co. Ltd. Star Union Dai-ichi Life Insurance Co. Ltd. India First Life Insurance Co. Ltd.

Life Insurance Corporation of India (LIC)

Life Insurance Corporation (LIC) is the largest life insurance company in India fully owned by the government. Established in 1956 by the Life Insurance of India Act, LIC is headquartered in Mumbai and is the countrys largest investor. Its subsidiaries include Life Insurance Corporation of India International, LIC Nepal, LIC Lanka, LIC Housing Finance and LICHFL Care Homes. Product Portfolio:

LIC has enormous range of products. Retirement Plan: With rising inflation, its absolutely necessary to make provisions for the future which makes retirement plan an important financial decision. Better known as Pension plan, this plan takes care of financial needs after retirement by investing a part of your savings for limited period. Pension plan provides steady income after retirement and takes care of daily needs. The pension plans offered by LIC are Pension Plus, Jeevan Nidhi, Jeevan Akshay- VI, New Jeevan Dhara- I and New Jeevan Suraksha- I. Child Plan: Parenthood brings responsibilities and no one is better judge of that than you. Child Plan is a plan specifically designed to take care of financial needs of your child. Child plan provides with necessary funds that will take care of childs education, marriage etc. By investing small portion of your savings you secure the financial end of your child. Child plans of LIC are called Jeevan Anurag, CDA Endowment Vesting at 21, CDA Endowment Vesting at 18, Jeevan Kishore, Child Career Plan, Child Fortune Plus, Komal Jeevan, Jeevan Chaya, Child Future Plan and Marriage Endowment Or Educational Annuity Plan. Term Plan: A risk plan which provides comprehensive cover for your family in the unfortunate event of untimely demise. A term life insurance plan provides good cover at relatively nominal cost and has no survival benefits. LIC term plans are Amulya Jeevan- I, Two Year Temporary Assurance Plan, The Convertible Term Assurance Plan, Anmol Jeeval- I and Mortgage Redemption. Investment Plan: Popularly known as ULIP, an investment plan invests part of your savings in equity or debt market as per your preference. The objective of investment plan is to give you returns which easily beat the rising costs since the usual returns in a bank are extremely low. ULIPs offered by LIC are The Money Back Policy - 20 years, The Money Back Policy- 25 years, Jeevan Surabhi- 15 Years, Jeevan Surabhi-20 Years, Jeevan Surabhi- 25 Year, Bima Bachat, Jeevan Shree- I, Jeevan Pramukh, The Endowment Assurance Policy, The Endowment Assurance Policy- Limited Payment, Jeevan Mitra (Double Cover Endowment Plan), Jeevan Mitra (Triple Cover Endowment Plan), Jeevan Anand, New Janaraksha Plan, Jeevan Amrit, Endowment Plus, The Whole Life Policy, The Whole Life Policy- Limited Payment, The Whole Life Policy- Single Premium, Jeevan Tarang, Jeevan BharatiI, Jeevan Aadhar, Jeevan Vishwas, New Bima Gold, Bima Nivesh 2005, Jeevan Saral, Jeevan Madhur and Jeevan Mangal. Health Plan: Slightly different from health insurance, health plan provides cover for surgery costs, critical illness. A lump sum is paid irrespective of actual hospital bill. Health Protection Plus and Jeevan Arogya are LIC health plans. Distribution Network:

LIC has the most formidable distribution network among all insurance companies. Today LIC functions with 2048 fully computerized branch offices, 109 divisional offices, 8 zonal offices, 992 satellite offices and the corporate office. LICs Wide Area Network covers 109 divisional offices and connects all the branches through a Metro Area Network. LIC has tied up with some Banks and Service providers to offer on-line premium collection facility in selected cities. Financial Information:

The total premium earned for the half year ended September 30, 2010 was Rs 896,466 million. The profit after tax for the same period is Rs 112 million. Marketing Campaigns:

LIC has long history of campaign and has been more active after the government legislation of privatization of insurance industry. LIC has always engaged on social themes like prevention of pollution, water is precious, preserve the wild through its advertisements. LIC recent ad campaign Jeevan Bima - Zindagi ke saath bhi, Zindagi ke baad bhi was quite a success. LIC usually goes with 360 degree campaign to create awareness and promote products. Distinctions:

CNBC Awaaz Consumer awards 2010 Reader Digest Trusted Brand Insurance category 2010 OUTLOOK MONEY -- NDTV PROFIT AWARD 2009 in "BEST LIFE INSURER CATEGORY" World Brand Congress Award Golden Peacock Innovative Product / Service Award - 2009 ASIA PACIFIC HRM Congress, 2009 Award for INNOVATIVE HR PRACTICES NDTV Profit Business Leadership Award 2008

Management:

DK Mehrotra is the MD of LIC. Thomas Mathew is the MD of LIC. AK Das Gupta is the MD of LIC. T Bhargava is the Appointed Actuary of LIC. Reach LIC:

Email: co_io@licindia.com Telephone: STD code of IVRS centre + (1251) LIC Product Table:

INTERNATIONAL OPERATIONS/ASSOCIATES LIC has always acknowledged the need to expand. Our expanding efforts havebeen consistent and are evident though our associations given below for your reference . INTERNATIONAL OPERATIONS LIC Fiji LIC Mauritius LIC United Kingdom LIC (International) B.S.C (C), Bahrain LIC (Nepal) Ltd LIC (Lanka) Ltd Saudi Indian Company for Co-op. Insurance,KSA. LIC Mauritius Offshore Ltd. LIC Co-ordinating Office in India ASSOCIATES LIC Housing Finance Ltd. LICHLF Care Homes Ltd. LIC Mutual Fund AMC Ltd. http://www.scribd.com/doc/119763126/insurance-project-LIC-OF-INDIA

Network of LIC

All Life Insurance Corporation branches in the country would be interconnectedunder Metro Area Network (MAN) inaugurated here on Thursday.Speaking at the function, K Vaidyalingam, LIC southern zonal manager, said about1500 branches would be getting covered under MAN in which the premium amountof the policy holder could be remitted in any branch. Besides, the policy holder getshis status report, policy position, revival and quotation from the network. In every onehour the system got upgraded, he said.In southern region there are about 10 lakh new policy holders with a business of Rs6500 crore. About settlement of claims, 92 per cent of policies were settled on or before maturity, he said, adding, LIC was in a better position and 100 per centconnectivity was taking place.Kottayam stood third in premium collection during the period between April toAugust 2002, the first being Kozhikode and Thiruvananthapuram in second positionin southern region.The premium amount collected in 2001 was Rs.74,000 crore through 2.32 crore new policies by 8.2 lakh agents. LIC has introduced a new group insurance scheme for Corporation Bank deposit holders.

INTERNATIONAL OPERATIONS/ASSOCIATES LIC has always acknowledged the need to expand. Our expanding efforts have been consistent and are evident though our associations given below for your reference. INTERNATIONAL OPERATIONS LIC Fiji LIC Mauritius LIC United Kingdom LIC (International) B.S.C (C), Bahrain LIC (Nepal) Ltd LIC (Lanka) Ltd Saudi Indian Company for Co-op. Insurance,KSA.

LIC Mauritius Offshore Ltd. LIC Co-ordinating Office in India

ASSOCIATES LIC Housing Finance Ltd. LICHLF Care Homes Ltd. LIC Mutual Fund AMC Ltd.

Subsidiaries
LIC owns the following subsidiaries: Life Insurance Corporation of India International: This is a joint venture offshore company promoted by LIC which commenced operations in July,1989 with the objectives of offering US$ denominated policies to cater to the insurance needs of NRIs and providing insurance services to holders of LIC policies currently residing in the Gulf. LIC International operates in all GCC countries. LIC Nepal :A joint venture company formed in 2001 with theVishal Groupof Industries, Nepal. LIC Lanka : A joint venture company formed in 2003 with theBartleet Groupof Companies,Sri Lanka.

BIBLIOGRAPHY
BROCHURES / INFORMATION BOOKLETS Product List L.I.C. L.I.C. Annual Report, 2006

ICICI Annual Report, 2006 HDFC Annual Report, 2006 Malhotra Committee Report on Reforms in the Insurance Sector, 1993. The Insurance Regulatory and Development Authority Bill, 1999. NEWSPAPERS / MAGAZINES The Economic Times The Insurance Times Insurance Post BOOKS Dr. Gupta S.P& Dr. Gupta M.P., Business Statistics by Addition 2004, NewDelhi, WEBSITES w.w.w.liclndia.com www.lrdaindia.org.com www.indiainfoline.com www.icici.com www.hdfc.com72

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