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Lic of India - Life Insurance Corporation of India

LIC or The Life Insurance Corporation of India is an entirely government owned entity and enjoys the position of being India's largest insurance company apart from being nation's biggest investor. LIC was incorporated in 1956 and has been functioning pretty consistently. Today after more than 5 decades of its establishment LIC enjoys a huge responsibility of catering to a large chunk of public and enjoying the trust of billions of Indians. During its 52 year long journey until now the LIC has accumulated assets estimated to a value of more than Rs. 5 trillion and provides funds to around quarter of Indian government's expenditure. LIC has an aim to work towards improving people's standard of living by providing top notch insurance products and services thereby making an effort for country's economic development. Some of the key life insurance products offered by LIC are - Individual and Group life Insurance and different Pension Plans.

LIC Branches

The Life Insurance Corporation of India has its headquarters in nation's financial capital Mumbai and has 2048 completely computer operated branches, 7 zonal and 100 divisional offices along with a number of satellite offices established in various cities across India and has a huge network of agents that runs in millions and has been approaching the public for the life insurance business.

With a view to cater to a large crowd of NRIs settled in various countries LIC has established its offices in around 12 countries. LIC is spread in locations like Bangalore, Mumbai, Hyderabad, Delhi, Chennai, Pune, Ahmedabad, Ghaziabad, Kerala, Kolkata, Noida and Gurgaon.

LIC Housing Finance Limited

LIC Housing Finance Limited is an LIC subsidiary and is considered to be one of India's largest home finance providing company. LIC Housing finance Ltd. was formed on June 19th, 1989 and was promoted by LIC and came into the market in the year 1994. LIC Housing Finance Ltd. has got recognition from the National Housing Bank and is listed both on NSE(National Stock Exchange) and BSE(Bombay Stock Exchange). Following are certain key objectives of the company: Offering fixed deposits at affordable rates, home loans to individuals for buying/constructing/repairing and other renovation work of fresh house/flat. The company also offers finance options for renovation or restructuring of business property or in order to meet certain needs and requirements both at the personal or professional front. The LIC provides home loans at affordable interest rates to its customers. You can also use the EMI calculator available at the bank's website to calculate your estimated repayments.

LIC Insurance Plans/Policy

The Life Insurance Corporation Of India provides numerous choices as part of its insurance plans according the individual requirement of people. LIC insurance plans provide varied plans for Children, joint life plans, insurance plans esp. for women, money back plans, endowment assurance plans etc. Some of the most sought after insurance plans offered by LIC are - LIC Jeevan Varsha, LIC Jeevan Asha, Jeevan Anand, Jeevan Bharti, Jeevan Adhar, Jeevan Saral etc.

LIC Mutual Fund

LIC mutual fund asset management company is another LIC subsidiary that was established on June 19th, 1989. The company provides various schemes on mutual fund like equity, balanced, debt, redeemed, floating rate, liquid and other options as part of the LIC Mutual Fund. Different mutual fund programs are profit plus, money plus, future plus, etc.

LIC Online Payment Option

LIC provides an on demand service at a click of a mouse button through its online insurance payment service. The customers can go through various functions related to payment of the insurance premium that was earlier confined only at LIC branch offices. This online payment portal provides actual payment of premium on the web but this particular service is applicable only to the customers who have registered their policies with LIC. Under this facility LIC provides an option to the customers to pay their premium amount using the net-banking facility if they have an online account with banks LIC has tied up - Bank of India, Oriental Bank of Commerce, Yes Bank, SBI and its subsidiaries, IDBI Bank, HDFC Bank, ABN AMRO Bank etc. For more on LIC online payment you can log on to LIC website. LIC facilitates online registration, bill payment and even makes the customers to fill up application forms online. You can then check the status of your application form online. In order to avail all these services you will have to have a valid login id and a password so that you can sign in to your account and perform the desired transactions.

LIC Recruitment/LIC Jobs

LIC has a magnificent track record when it comes to providing lucrative job opportunities to people aspiring to become a part of one of world's largest insurance service providers. LIC provides career options in various segments like marketing, management, officer cadre, assistant officer cadre, assistant administrative officer etc. to individuals who have it in them to be successful individuals in their respective work field. You can apply for a LIC job online by filling their application form and submitting the same. The bank officials will get in touch with you after receiving your application form. The recruitment process happens in July and August respectively. The results of the same are posted on their website. To know more about current jobs, vacancies and career programs of the Life India Corporation you can visit their official website.

LIC Credit Card

LIC has launched credit cards in the recent past. It offers value added services such as payment of premiums for all the policy holders. The launch of the card happened in the year 2009 and they have tied up with the Corporation Bank. In order to apply for a LIC credit card, you will have to fill up an application form available at the bank's branch and submit the same. The card has got all the features which other banks provide to its customers. It also facilitates online payment of bills. In order to apply for a credit card, you can contact the bank directly.

LIC of India Customer Care

The customer care department of the bank handles all the queries of customers, not only this but it also gives them any information they need regarding Life India Corporation of India. The customer service department works round the clock, so at any time you can feel free to contact them. The customer care number of the LIC of India in Delhi is 011-23762681 and for Mumbai it is 022-26137545. To find out the customer care number in your area, you can log on to their website.

For further information on LIC you can refer to the official LIC website: www.licindia.com

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