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Matters under section 4(1)(b)

Right to Information

Suo motu disclosures under Section 4(1) (b) of RTI Act, 2005:

Information as mentioned below is available in the LIC web site along with the links.

I. The particulars of its organization, functions and duties:

Our Response: The particulars of the Organisation, functions & duties are contained in.

1. Life Insurance Corporation Act, 1956.
2. The Annual report also contains additional information

Both of the above are available on the web site www.licindia.in (click here for details)

II. The Powers and duties of its officers and employees:

Our Response: The Staff Regulations, 1960 (As modified up to 31st July 2012) defines the

Powers & Duties of its officers & employees. The same is available on the web site www.licindia.in
(click here for details)

III.The procedure followed in the decision making process, including channels of Supervision and accountability.

Our Response: The Procedure followed in the decision making process, including channels of supervision and accountability are guided by Section 9 of Life Insurance Corporation Regulation, 1959 and Staff Regulation ,1960 ( As modified up to 31st July 2012), as available on the web site www.licindia.in (click here for details)

IV. The norms set by it for the discharge of its functions:

Our Response: The norms set for the discharge of its functions are as mentioned in the Citizen Charter and the same is published and copies are distributed among public. It is also available on our website www.licindia.in (click here for details)

V. The Rules, Regulations instructions, manuals and records held by it or under its Control or used by its employees for discharging its functions:

Our Response: The rules, regulations and some of the instructions are available on the website. Manuals and records cannot be made available on the website because of its exhaustive nature. Manuals in the form of books are available at all the L I C offices.

VI.A statement of the categories of the documents held by it or under its control:

Our Response:

1. The policy dockets of the policy holders are kept in electronic form and are accessible by any office of the Corporation. The physical dockets are kept at Record Maintenance Facility at Divisional centers.

2. Estate related documents are maintained at Zonal Offices in the Zonal Headquarters and in the Divisional offices at other centers.

VII. The particulars of any arrangement that exists for consultation with or representation by the members of the Public, in relation to the formulation of policy or implementation thereof:

Our response: The arrangement that exists for consultation with or representation by the members of the Public are as under:

Zonal Advisory Board
Policyholders Council

The details of above are in the Annual report which is available on our web site
www.licindia.in (click here for details)


VIII. A Statement of the boards, councils committees and other bodies consisting of two or more persons constituted by it. Additionally, information as to whether the meetings of these are open to public, or the minutes of such meetings are accessible to the public: (click here for details)

Our Response: The Committees and Councils consisting of two or more persons.

Committees of the Board
a. Board of Directors
b. Executive Committee
c. Investment Committee
d. Building Advisory Committee
e. Audit Committee
f. Risk Management Committee
g. Asset Liability Management Committee
h. Policyholder Protection Committee
i. Consumer Affairs Committee
Other Committees
a. Zonal Advisory Board
b. Policy holder's Council.
c. Claims Review Committee

This information is in the annual report which is also available, on the web site
www.licindia.in . (click here for details) However the meetings of these Committees and Councils are not open to Public and minutes of the meeting are for internal circulation only.

IX. A directory of its officers and employees.

Our Response:The directory of Class I Officers is available on www.licindia.in (click here for details) The directory of Class II Officers (21303) and Class III and IV (72100) are not published due to its exhaustive nature.

X. The monthly remuneration received by each of its officers and employees including the system of compensation as provided in its regulations:

Our Response: The remuneration received by each of its officers and employees is available at www.licindia.in (click here for details). The system of compensation is available under Further matters under Section 4(1) (b) at www.licindia.in(Click here for details)

XI. The budget allocated to each of its agency indicating the particulars of all plans proposed expenditures and reports on disbursements made:

Our Response: Not applicable to LIC


XII. The manner of execution of subsidy programme, including the amounts allocated and the details of beneficiaries of such programme:

Our Response: Not applicable to LIC

XIII. The particulars of recipients of concessions, permits or authorizations granted by it:

Our Response: Not applicable to LIC


XIV. The details of the information available to or held by it reduced in an electronic form:

Our Response: Please visit our LIC web site www.licindia.in

XV. The particulars of facilities available to citizens for obtaining information including the working hours of library or reading room if maintained for public use.

Our Response: Information is available on the web site www.licindia.in No library or reading room maintained by us for public use.

XVI. The names, designation and other particulars of the Public Information Officers:

Our Response: The names and designation of CPIOs and Appellate Authorities and other details are available on the web site www.licindia.in (click here for details)

XVII. Such other Information as may be prescribed, and thereafter update this publication every year:

Our Response: Additional Information is available under `Public Disclosures` on the website www.licindia.in . (Click here for details). Updation of information available on the website is undertaken periodically.

Life Insurance Corporation of India – Corporate Office : Yogakshema Building, Jeevan Bima Marg, P.O. Box No – 19953, Mumbai – 400 021 IRDAI Reg No- 512
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