By Samachar Vishesh News
Chandigarh 24th
Jan, 2020:- Life Insurance Corporation of India at
Chandigarh organized a press conference to share new projects and new future
plans. LIC’S Managing Director Mukesh Kumar Gupta, Anoop Kumar, Zonal Manager,
North Zone, New Delhi and Rajat Mukharjee, Sr. Divisional Manager, Chandigarh along with other officials were present in the
conference.
While
addressing the Conference Mukesh Kumar Gupta, Managing Director, said that LIC
has sold over 1crore 64 lakh policies and collected First Year Premium Income
of Rs. 40111.38 Cr up to 15 January 2020. North Zone has procured First Year
Premium Income of Rs. 5262.66 Cr with 23 lakh 51 thousand policies. LIC has
registered a significant increase in market share in the current financial
year. LIC’s market share as on December
2019 is 75.64% in number of policies and 70.52% in First Year Premium Income. He added that on All India basis upto December
2019 LIC has registered a growth of 18.14% in no. of policies and 13.22 % in First
Year Premium Income.
He said that
LIC has recruited 114114 new
agents during the current financial year. North Zone has recruited 19680
agents, out of which 12997 are millennial agents which is 66.04% of the total
agents recruited by North Zone. The agents are trained to give services
according to individual needs. The contribution of millennial agents in the new
business of North Zone is almost 41%. North Zone, Delhi has an agency force of
1,72,972 engaged in selling Life
Insurance throughout the Zone.
Recently
North Zone has also recruited 706 Apprentice Development Officers to boost its
marketing operations. These ADOs will recruit new Agents in their team so as to
add to the total agency force.
Mukesh Kumar
Gupta shared further that LIC has the best Claim settlement performance in the
industry. During the current financial year LIC has settled 1.29 Cr. Claims
amounting to Rs.67877.40 Cr . North Zone
has settled 20.05 lac claims amounting
to Rs.10759.85 Cr .
For achieving the target of 100% of the claims payable
during the year, NEFT Mandates are being collected in advance so that claims
can be settled on due date.
LIC is
constantly upgrading its services to add value to policyholders’ experience.
In the area
of servicing, Alternate Channels of premium payment viz. Premium Points, Life
Plus Offices, Payment through Debit/Credit Cards are becoming more and more
popular and almost 60.61% of the total transactions are coming through these
channels, in Northern Zone, 62.17% of
the collection is coming through alternate channel of premium payment.
As a fillip
to our on-going support for digital transactions, LIC has recently announced
waiver of convenience fee on Credit Card transactions initiated by
policyholders for payment of renewal premium, advance premium, repayment of
loan and loan interest with effect from December 01, 2019.
He said that
LIC has been a nation builder since its formation in 1956 through investment in
different sectors for the best advantage of policyholders as well as the
community as a whole. Total Investment of LIC as a whole as on 31.03.2019 is
Rs.2984331 Cr & investment in States under North Zone as on 31.03.2019 is
Rs.383000 cr.
No comments:
Post a Comment