LIC is the Single largest Insurance Company in the world with 30 - TopicsExpress

LIC is the Single largest Insurance Company in the world with 30 Crores policyholders. SBI Banks Profit Rs 86,000 Crores with 16000 Branches. & LICs Profit Rs 326000 Crores with only 2000 Branches + 3000 Satellite Offices. It means Benefit to Policyholders of cash rich company. Share market fall LIC purchase, make profits and it goes to policyholders. In 2008 LICs Life Fund was Rs 7 Lac Crs. In 2013 LICs Life Fund is Rs 14 Lac Crs. It means Benefit to Policyholders - Claims settles immediately from LIC. LIC has not taken single loan from any bank in last 56 years. Instead all banks have taken loan from LIC. Every day collection of LIC is Rs 300 Crs. Profit from International Operation is 2.65 million dollarss (Rs 16000 Crs). Proud to be LICIAN... shobha

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