LIC becomes a market leader by taking over 80% of the market share in Pension and Group Segment Life Insurance Corporation of India (LIC) achieved a milestone by collecting a huge premium of Rs 39143 crore through its pension and group segment, as on February 28, 2014. The company boasts of its market share in group segment which is a decent 84%. Also the fact that collected premium is 5 times the total collected premium of 23 private players adds to the company's achievement.Read more
Peaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Invest ₹6,000/month & Get Tax Free Monthly Pension of ₹60,000
Get the best returns & make the most of your Golden years
The social security scheme of the Government of India, Aam Aadmi Bima Yojana, reveals its accomplishment of covering 10 million new lives. Out of Rs 39143 crores gathered, Rs 21500 crore was secured through Superannuation Schemes and Rs 9300 crore was obtained from Gratuity schemes.
Pension and Group segment reported growth rate of 50% in new business premium, 20% of that in number of lives and 39 million people were covered under several schemes.
17 Mar 2023Pension plans are one of the most sought-after investment
16 Mar 2023A retirement plan is an essential part of an individual’s
27 Feb 2023Jeevan Pramaan is a biometric that allows pensioners to receive
24 Feb 2023The RajSSP refers to Rajasthan Social Security Pension. It is a
23 Feb 2023The government of Uttar Pradesh made several efforts and brought