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Role of Life Insurance Corporation of India in Building Activities

  • Date Submitted: 09/02/2012 08:26 AM
  • Flesch-Kincaid Score: 41.2 
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Life Insurance Corporation of India has invested customers money for the development of the nation by lending it to the union government. In this aspect all the 2048 branches spread across the country are doing an excellent service, said Rajegowda, Divisional Manager of LIC.

Inaugurating the first Vima Gram of the division at Thoppanahally village near here on Friday, he called upon people to invest money in the LIC instead of private monetary organisations, which do not have a commitment towards the nations development.

He also delivered a cheque of Rs 25000 for the development of the village to Mr Yallappa, the President of Gram Panchayath.
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M Narayanaswamy, former MLA said, earlier LIC was operating in the urban areas only. Now its service is extended to villages too. The farmers should invest money
with the LIC for the betterment of their future.
Our social responsibility:
LIC offers life insurance protection under group policies to various groups such as employer-employee, co-operatives, weaker sections of society etc. and insurance coverage to people below poverty line at subsidized rates under social security group schemes like ‘Janashree Bima Yojana’ & ‘Aam Aadmi Bima Yojana’ .
The scheme ‘Shiksha Sahayog Yojana’ is a free add-on scholarship benefit that is available for the children of the members who are covered under Janashree Bima Yojana.
Golden Jubilee Foundation

LIC, as a part of its Corporate Social Responsibility, formed a Trust - ‘LIC Golden Jubilee Foundation’ in the year 2006, with the objective of promoting education, health, relief of poverty or distress and advancement of other objects of general public utility.
As on date LIC has put in a Corpus of Rs. 90 Crores towards LIC Golden Jubilee Foundation and interest is distributed for various Charitable Purposes.
So far it has sanctioned projects worth of Rs. 22.35...


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