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Wednesday, October 27, 2021

Know About Life Insurance Corporation of India – LIC of India

Life Insurance Corporation of India or LIC has brought great news for the people. This time LIC has not brought any policy for the people, instead LIC is giving people a chance to earn money by connecting with them. Life Insurance Corporation of India, the country’s largest insurance company, is going to give a strong earning opportunity. In fact, the Government of India has decided to get Listing of LIC. However, in the meantime, the corona epidemic spread.

Life Insurance Corporation of India or LIC

Due to this, people felt that the government might postpone the listing of LIC for now. But now looking at the preparations of the Modi government, it seems that this year LIC listing will be done. As soon as its listing, it is expected that it will become the largest listed company in the country. Let’s know about it.

Life Insurance Corporation is the largest life insurance company in India and also the largest investor in the country. It is completely owned by the Government of India. It was established in 1956. LIC is headquartered in Mumbai, the financial capital of India. It has approximately 2048 offices located in several cities of the country and has over 20 lakh agents spread across India. Life Insurance Corporation of India is the largest life insurance company in India and also the largest investor in the country. It is headquartered in Mumbai, the financial capital of India. Life Insurance Corporation of India has 8 zonal offices and 101 divisional offices located in different parts of India.

Read: LIC Kanyadan Yojana: invest daily Rs 121, Daughter’s marriage will no longer be a burden

LIC is offering a chance to buy a house cheaply

LIC Housing Finance has once again cut home loan interest rate, now the interest rate for new home loan customers has come down to 6.90%, this is the lowest ever interest rate of LIC Housing Finance That is, customers who have a CIBIL score of 700 or more will be offered a home loan at this rate. According to the statement issued by LIC Housing Finance, there will be an interest rate of 7 percent for those taking home loans above Rs 80 lakh.

Siddharth Mohanty, managing director and CEO of LICHFL, said, “The interest rate on the company’s home loan has reached an all-time low of Rs 50 lakh for customers with a score of 700 or more in CIBIL. The rate of interest on home loans up to 6.90 percent will start. Similarly, with the same score, the monthly installment payment on the loan will also be reduced to the customers, this will help to increase the demand for buying houses.

Read: Invest in these Schemes of LIC, will get 1 crore insurance and many more

LIC has a network of over 1.2 million agents

According to the annual report of Life Insurance Corporation (LIC), in the calendar year 2019, Rs 3,79,400 crore was received as total premium. LIC has a network of over 12 lakh agents. Its agents are spread in every corner of the country from Kashmir to Kanyakumari. LIC has around 6,500 branches in the country to oversee these agents. The number of policies issued by all private life insurance companies in the country is 70 lakhs, while the number of policies issued by LIC alone is 2.19 crore. From this, the size of the LIC can be estimated.

Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social cause and entrepreneurship is her forte.
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