LIFE INSURANCE CORPORATION
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Life Insurance Corporation Of India
Life Insurance Corporation had 5 zonal offices, 33 divisional offices and 212 branch offices, re-organization of Life Insurance Corporation took place and large numbers of new branch offices were opened. As a result of re-organisation servicing functions were transferred to the branches, and branches were made accounting units. It worked wonders with the performance of the corporation. It may be seen that from about 200.00 crores of New Business in 1957 the corporation crossed 1000.00 crores only in the year 1969-70, and it took another 10 years for Life Insurance Corporation to cross 2000.00 crore mark of new business. But with re-organisation happening in the early eighties, by 1985-86 Life Insurance Corporation had already crossed 7000.00 crore Sum Assured on new policies.
Why Life insurance?
Life insurance provides a crucial safety net that safeguards your family’s financial future in the event of your passing.