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.
Peaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation
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.
People Also Read: Best Retirement Plan
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.
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
10 Oct 2023
NPS (National Pension System) and ULIP (Unit Linked Insurance
21 Sep 2023
Planning for a secure and comfortable retirement is a financial
04 Sep 2023
The Mahila Samman Savings Certificate (MSSC) or Mahila Samman
28 Aug 2023
Single-Premium Pension Plan is a type of pension plan in which
12 Jul 2023
Inflation is an economic process that affects various aspects ofInsurance
Payment Methods
Secured With
Follow us on
