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LIC LogoABOUT LIC OF INDIALIC Logo

Life Insurance Corporation of India is a statutory Corporation established under Section 3 of LIC Act, 1956. The Life Insurance Corporation of India came into existence on 1st September, 1956, with the objective of spreading life insurance more widely and in particular to the rural areas with a view to reach all insurable persons in the country, providing them adequate financial cover at a reasonable cost .

From then to now, LIC has crossed many milestones and has set unprecedented performance records in various aspects of life insurance business. LIC continues to be the dominant life insurer even in the liberalized scenario of Indian insurance and is moving fast on a new growth trajectory surpassing its own past records. In its 61 years of existence, LIC has grown from strength to strength be its customer base, agency network, branch office network, new business premium and has a significant role in spreading life insurance widely across the country.

For more details refer point No. I

 

Organizational Structure as on 31.03.2018

 
Central Office 1
Zonal Offices 8
Divisional Offices 113
Branch Offices 2048
Mini Offices 1227
Satellite Offices 1430
 

International Operations / Associates of LIC

A.SBU INTERNATIONAL OPERATIONS :

Fiji
Mauritius
United Kingdom

B. WHOLLY OWNED SUBSIDARY

Singapore

C. JOINT VENTURE COMPANIES

Bahrain
Bangladesh

D. CHIEF AGENTS’ OFFICES

Bahrain
Abu Dhabi
Dubai
Kuwait
Oman
Qatar
Kenya
Sri Lanka
Nepal
Saudi Arabia

 

LIC Housing Finance Ltd was started as a subsidiary of LIC of India, which has now attained the status of a listed private Company. The Companies shares are listed on the Bombay Stock Exchange and National Stock Exchange and its Global Depository Shares are listed on the Luxembourg Stock Exchange.

LIC Cards Services Ltd is a wholly owned subsidiary of LIC of India. The objective of the Company is to provide credit card services to LIC Employees, Club Member Agents and Policyholders.

 

RTI STRUCTURE IN LIC OF INDIA

LIC created a good resilient information dissemination system to comply with the Act by placing the CPIOs at all the Divisional and Zonal offices. Further, all the in charges of Branch Offices/satellite Offices/P&GS Units/Audit Centres have been designated as CAPIOs. Thus, the Corporation has taken care to ensure that the RTI personnel are placed at every levels within the organization and also in the nook and corner of the country.

Following structure and statistics is indicative of the RTI structure in LIC.

No. of CPIOs 130
No of Appellate Authorities 130
No. of Alternate CPIOs 244
No. of Alternate AA 18
No. of CAPIOs 3586
No of RTI Applications (from inception upto 30.09.18) 1,31,211
No. of appeals(30.09.18) 22,831
No. of hearings(30.09.18) 3,453
 

During the year 2015-16 the Corporation has adopted Government of India’s RTI online portal,developed by DOPT, across the country, connecting all Offices of the Corporation under a single system. This has created a direct on-line access for the information seekers.

LIC of India is available as a Public Authority on RTI Online web portal http://rtionline.gov.in

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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