Friday, December 8, 2006

LIC:Way to go!

Here's a list of achievements by a Public sector Insurance company:

  • NDTV Profit Business Leadership Award 2006.
  • Asia Insurance Merit Award 2005 and 2006 in the area of ‘CORPORATE SOCIAL RESPONSIBILITY’
  • Awaaz Consumer Awards 2005 and 2006 given by CNBC-TV 18- ‘Best Life Insurance Brand in India’ –an award given on the basis of a market /consumer survey done in conjunction with AC Neilson ORG Marg.
  • Golden Peacock Global Award for Corporate Social Responsibility in emerging economies (Public sector) for the year 2005 by World Council for Corporate Governance.
  • LIC adjudged No.1 in Net Worth & Net profit and No.2 in Total Income among the TOP 500 companies of India by Dun & Bradstreet.
  • Adjudged Number One Service Brand in India by Economic Times and AC Neilsen Org Marg for the year 2005 for the third consecutive year.
  • GOLDEN PEACOCK AWARD for being the Winner of Special Commendation Certificate for Excellence in Corporate Governance (PSU sector). A
  • djudged No.1 Insurance Company at the ‘Businessworld Most Respected Company Awards 2005’.
  • Awarded Reader Digest’s Trusted Brand 2006 (voted by consumers).
  • LIC – Adjudged Superbrand India 2003/04 and 2004/05.
  • Second largest investor in Asia among insurers. (Source : Asian Investor)
  • Largest Financial Institutional Investor – both in equity market and term loans.
    LIC - An Institution Builder promoting many financial and insurance institutes like NSE, NCDEX, LIC Mutual Fund, Stock Holding Corporation of India, National Insurance Academy, Insurance Institute of India etc.
  • LIC is the second largest PC user in the country.
  • LIC is the number one insurer in the world in volume and has sold around 31.5 m policies in 2005-06 with historical growth of 31.77% over 2004-05.
  • LIC posted a growth rate of 48.56% in new premium income for the year 2005-06.
  • More than 1 crore policies sold under new plan ‘Bima Gold’ during a period of just 7 months. LIC settles 2 claims per second.
  • LIC’s e-portal (website) has won Webby’s Consumers’ voted best website award.
  • The Hindi version of the website has been launched.
  • More than 40 different plans catering to the changing needs of different segments of the society.

Way to go LIC!

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