Today, within the Lic 66TH Anniversary publish, we’ll think back at its establishment history, the organization’s current stats, and much more.
Are you aware when LIC celebrates its foundation day each year? Have you ever owned any plans from LIC? Insurance from LIC is prevalent in Indian houses.
It’s the most reliable organization and of the federal government asia that aims to provide insurance to any or all people in an affordable cost. While celebrating its foundation day, tell us a brief history and current stats with the Lic 66TH Anniversary publish.
When does LIC celebrate its anniversary?
LIC celebrates its anniversary each year on September 1 because it began on September 1, 1956 (66 years back). The headquarters is within Mumbai, and contains eight zonal offices around India, namely Hyderabad, Chennai, Kolkata, Patna, Mumbai, Bhopal, Delhi, and Kanpur. Furthermore, it’s 113 divisional offices, 2048 branch offices, and 74 customer zones, so that as per 2020 stats, it’s greater than 110,000.
The key insurance provider celebrated its Golden Jubilee foundation in the year 2006.
Just when was Lic 66TH Anniversary?
LIC is celebrating its 66th establishment anniversary on September 1, 2022, Thursday, and it is entering 67 many years of its foundation this season.
The business is recognized worldwide and shows its presence in 14 different countries around the globe. Additionally to existence insurance, the business embarked into other services with the aid of its associates and subsidiaries. Some popular examples are LIC Mutual Funds, LIC Housing Finance limited, LIC Worldwide Limited, LIC pension Funds Limited, etc. The LIC also own various awards and accolades because of its exceptional service.
On Lic 66TH Anniversary, let’s appreciate everyday its background and the way it created.
Good reputation for LIC foundation:
60-six in the past, LIC was created when parliament passed the LIC Act, by which 245 insurance providers merged and produced the Existence Insurance Corporation asia. Initially, the federal government provided the main city of 5 crores and owned it 100 percent.
LIC’s motto is the wellbeing is our obligation and it is taken initially from Bhagavat Gita’s sloka “Yogakshemam Vahamyaham.”
Key individuals the organization include M R Kumar, who’s a chair, while B. C. Patnaik is really a Md of Lic.
Some current stats from the organization:
As Lic 66TH Anniversary is well known this season, tell us a few of the statistics from the organization:
Revenue: Rs 724,743 crore (US$91 billion) (2022)
Total assets: Rs 4,254,058 crore (US$530 billion) (2022)
Internet Earnings: Rs 4,124 crore (US$520 million) (2022)
Total Equity: Rs 11,338 crore (US$1.4 billion) (2022)
Operating earnings: Rs 13,975 crore (US$1.8 billion) (2022)
Quantity of employees: 114,000 (2020)
Conclusion:
LIC is celebrating its foundation day today. It’s the leading and many reliable insurance provider. Within the Fortune Global 500 company list, LIC stands 98th position. To understand much more about LIC, click here
Would you hold a existence insurance policy? Please comment should you understood about Lic 66TH Anniversary.
