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Information about LIC POLICIES

Published on April 26, 2014

Author: abhinavaggarwal5


Lic policy of india: L ic policy of india Submitted by: ABHINAY AGGARWAL SYBAF (04) What is insurance?: What is insurance? Insurance can be defines as “a legal contract between two parties whereby one party called the insurer undertakes to pay a fixed amount of money on the happening of a particular event, which may be certain or uncertain”. The party called the insured pays in exchange a fixed sum known as premium. The document which embodies the contract is called the policy. TYPE OF INSURANCE: TYPE OF INSURANCE PowerPoint Presentation: LIFE INSURANCE : Life insurance is a written contract between the insured and the insurer, that provides for the payment of the insured sum on the date of the maturity of the contract or on the unfortunate death of the insured, whichever occurs earlier.LIC deals with only with this life insurance. GENERAL INSURANCE : General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance typically comprises any insurance that is not determined to be life insurance. PowerPoint Presentation:  Life Insurance Corporation of India (LIC) was formed in September 1956 by an Act of Parliament, LIC Act 1956 with a contribution of Rs. 50 million. Investment Policy Central Govt. marketable securities being not less than 20% Loans to Housing Bank including above (1) being not less than 25% State Govt. securities including Govt. Guaranteed marketable securities, inclusive of (2) above being not less than 50% Socially oriented sectors including public sector, co-operative sector house building by policyholders, own house scheme, inclusive of (3) above not less than 75% Private corporate sector, loans to policyholders for construction and acquisition of immovable property 25% Working of LIC Life Insurance.: Working of LIC Life Insurance. INTERNATIONAL OPERATIONS / ASSOCIATES OF LIC :  INTERNATIONAL OPERATIONS / ASSOCIATES OF LIC 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 Kenindia Assurance Co. Ltd., Kenya. LIC Mauritius Offshore Ltd. LIC Co- ordinating Office in India. LIC Products & Plans & Policies.: LIC Products & Plans & Policies. PowerPoint Presentation: Jeevan Anurag Komal Jeevan CDA Endowment Vesting at 21 Marriage Endowment Or Educational Annuity Plan CDA Endowment Vesting 18 Jeevan Kishore Jeevan Chhaya Child Career Plan Child Future Plan Child Fortune Plus     PowerPoint Presentation: Jeevan Aadhar Jeevan Vishwas 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     PowerPoint Presentation: Jeevan Shree-I Jeevan Pramukh The Money Back Policy-20 Years The Money Back Policy-25 Years Jeevan Surabhi-15 Years Jeevan Surabhi-20 Years Jeevan Surabhi-25 Years Bima Bachat   Jeevan Bharati-1 PowerPoint Presentation: The Whole Life Policy The Whole Life Policy- Limited Payment The Whole Life Policy- Single Premium Jeevan Anand Jeevan Tarang Two Year Temporary Assurance Policy The Convertible Term Assurance Policy Anmol Jeevan-I Amulya Jeevan -I PowerPoint Presentation: Jeevan Saathi Plus Jeevan Saathi         Jeevan Nidhi Jeevan Akshay-VI New Jeevan Dhara-I New Jeevan Suraksha -I PowerPoint Presentation: Wealth Plus Market Plus I Profit Plus Money Plus-I Child Fortune Plus Jeevan Saathi Plus MAJOR COMPETITORS FOR LIC: MAJOR COMPETITORS FOR LIC PowerPoint Presentation: Some of the recent awards received by LIC are : LIC has been ranked :” Number One Trusted Service Brand” in the Economic Times Brand Equity Survey for the year 2008 for the 5th consecutive year, with overall ranking across all categories going up from 27th to 12th. Readers Digest “Trusted Brand”2008 in the platinum category. SKOCH Challengers Award 2008 for our Micro Insurance Product Jeevan Madhur . Customer & Brand Loyalty Award 2008 in the Life Insurance category from India times Mindscape. Rated as the “Most Preferred Life Insurance Company of the year” at the CNBC Awaaz Consumer Awards 2007 third time in a row. “Conferred Peacock Award “ for Excellence in Corporate Governance. Conferred Outlook Money NDTV profit-“Best Life Insurer Award 2007” “Web 18- Genius of the Web award -2007 “For the best website in Insurance Category. Adjusted the” Best Life Insurance Company of the year”- at the Second NDTV Profit Business Leadership Awards-2007. AWARDS PowerPoint Presentation: Growth of Indian economy is an investment driven growth. Opens a wide variety of investment avenues Companies help to gain knowledge of products and services. Achieve a better standard for near future life. CONCLUSION

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