Essay on role of LIC in nation's building

Indian life insurance companies invested in the development of the country by providing loans to the trade union government. Rajegowda, director of the LIC, said in this regard that 2,048 branches nationwide provide high quality services.

He opened the department's first Vima Gram to a nearby Thoppanahally village on Friday. And we called people to invest in LIC, not the private money organization that does not have a commitment to the people's development.

He also handed out a check of 25,000 rupees to Mr. Yarrappa, President G. Pancher Yass, for the development of the village.

Former MLA M Narayanaswamy stated that LIC was previously only operated in urban areas. Now that service has spread to the village. Farmers should invest

According to the Group's policy, LIC provides life insurance to employers - employees, cooperatives, socially disadvantaged groups and other groups and subsidizes social security groups such as "Janashree Bima Yojana" Provide insurance to people below the poverty line. 'Aam Aadmi Bima Yojana'

The program "Shiksha Sahayog Yojana" is a free additional scholarship for children of members covered by Janashree Bima Yojana.

As part of corporate social responsibility, LIC has been working with the "LIC Golden Year Foundation" in 2006 to promote education, health, poverty alleviation or suffering, and to promote other utilities' goals I built trust.

Currently, LIC invests in Rupee Corpus. Donate 9 billion Indian rupee to the LIC Golden Jubilee Foundation and distribute interest for various charitable purposes

As part of an ongoing insurance weekly celebration, Indian life insurance company Karimnagar held a high school essay writing a contest on the theme of "LIC's role in national development" on Tuesday. Senior managers such as LIC Karimnagar (microinsurance) Sudhakar Babu, employees Bharathi, Prabhavathi, etc participated in this competition. Winners will receive an award at the end of the 7th September celebration. Likewise, LIC will hold a quiz for college students at the office of the town on September 6.

Founded by the Indian government, LIC is the greatest mobilization of people's savings. LIC is probably the oldest organization that raises funds from people and uses a part of it for national constructive activities. Years ago, there was a small insurance company integrated into a complex organization. Each branch of LIC has an agent that talks to people and businesses, talks to them, and reserves insurance for a specific period.

Founded in 1956, LIC has nationalized all life insurance companies operating in India. Since then, in the field of life insurance, LIC has been almost monopolized because the amount of life insurance business through postal insurance and state insurance is relatively small. Life insurance is a very important form of long-term contract savings. It can promote savings and promote institutionalization or mobilization. If the organization and operation efficiency of LIC can be improved (and there is much room for it), the scope of new insurance is introduced, the service is expanded to a narrower place, the popularity of life information insurance becomes more popular As the overall price level is stable, the people of the insurance industry will not be fooled by inflation on most of the real value of long-term savings.