56 years of glorious service

Life Insurance Corporation of India turns 56 on 1st September, 2012. One of the objectives of the Corporation is the use of people’s money for people’s welfare and the life funds are deployed for the best advantage of LIC policyholders as well as for the community.

LIC launches Jeevan Deep

The Life Insurance Corporation (LIC) of India local division launched a micro insurance policy called ‘Jeevan Deep T-810’ for the benefit of the common man on the occasion of its 56 anniversary on Saturday.

How to pay LIC premium using IMPS

Inter mobile payment (IMPS)the fastest growing payment service which n now be used to pay premium online.

LIC embarks on ambitious plan to cover all Indians

State-owned Life Insurance Corporation of India (LIC) wants every Indian to have life cover by 2020. The country’s largest insurer has formed a team that’s working on the ambitious expansion strategy, which could cost as much as Rs.2 trillion to execute, two top LIC officials said.

LIC Housing Finance plans to hike loan disbursements to developers

LIC Housing Finance, a subsidiary of Life Insurance Corporation of India, plans to disburse around 8-10 per cent of its total loan portfolio to developers by the end of this fiscal.

Showing posts with label welfare schemes for LIC women agents. Show all posts
Showing posts with label welfare schemes for LIC women agents. Show all posts

Friday, 7 September 2012

Better deal sought for women LIC agents

The first State-level meet of Life Insurance Corporation Agents’ Organisation of India (LICAOI) held in Mangalore on Monday highlighted the demands of benefits for women LIC agents.It includes providing a Provident Fund, pensions, health schemes, pensions and welfare schemes for women LIC agents.Of the 1 lakh LIC agents in the State, 40,000 are women. 

“We have never heard of people saying they lost money they spent on LIC,” said S.K.Geetha, State leader, All India Insurance Employees Association (AIIEA).The Life Insurance Corporation of India (LIC) is standing strong today 12 years after the Indian economy’s privatisation began she said. Much of the credit for the steadfastness of the organisation depended on the agents, including women agents, she said.She said the insurance bills that are being tabled in Parliament were significant for the sector as they would allow higher foreign direct investment.‘Address the issues’ Ms. Geetha said that the issues facing women LIC agents should be addressed as they were working in addition to their work at home, which is not seen as economic activity as it earns no money.If they get their spouse's support, they consider themselves lucky. 

However, no man is considered 'lucky' because his spouse works, she said. B. Madhav, Secretary, district unit of CPI(M), said that the conference of women LIC agents to highlight their problems was welcome and that the organisation must be strengthened.The discussions at the meeting must be followed up with concrete resolutions.Gurudutt, Secretary, Udupi Sub division, AIIEA, said the strength of the LIC agents was growing stronger with the support of other workers unions.

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