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Tuesday, September 03, 2019

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LIC South Zone has over 2.8 Crore Life Insurance Policyholders..!

LIC South Zone 
has over 2.8 Crore 
Life Insurance Policyholders..!

Life Insurance Corporation of India enters the 64th year since nationalisation of Life Insurance in 1956. LIC has played a significant role in insuring lives and ensuring smiles. 

Addressing the Media on the occasion of Insurance Week, Mr. K. Kadiresan, South Zonal Manager said that LIC has crossed many milestones in this significant journey. 
LIC has grown from strength to strength and today has a point of presence with 4,851 Offices across the Country with one lakh employees and above 12 lakh agents.  

There are over 29 Crore policies in force, thus of significance to the entire Country. 

LIC’s 32 plans covered the various segments of the society, from children to pension.  Customers are assured of the best products and services.

The Chennai Press Meet on September 3, 2019 
Claims is the vital area which reinforces trust. In the Financial Year ending 2018 - 2019 LIC has settled a claim amount of Rs. 1630000000000 (Rs. 1.63 Lakh Crores!). 

Settlement Ratio Impressive

The settlement ratio has been an impressive 98.2% in Death Claims and 92.9% in Maturity Claims.

With the changing demography and the bulk of population becoming younger today, the Corporation has wisdom of experience and agility of youth to serve the millennials. LIC offers digital connect through Online Portal and Apps. It has over 1.1 Crore registered users. There is over a lakh of users logging in daily in LIC Digital. 

In the Group platform LIC provides subsidised insurance cover to the millions below the poverty line, thus covering Insurance to all and needy.

With LIC presence in over 14 Countries, LIC has imprinted its footprints globally. With the funds invested - almost 30 lakh Crores, LIC plays a vital role in the financial sector. The Corporation has deployed the funds to the best advantage of the policyholders and the community as well.  True to the objective of nationalisation, the Corporation has always worked to the benefit of the customers and community at large. 

Relationship Extension Programme..!

LIC Southern Zone is Number One among the Eight Zones of the Corporation. It ranks first in most of the key performance parameters.  During the year, LIC Southern Zone has embarked upon customer relationship through an unique programme called Relationship Extension Programme

This will ensure a close connect in the long journey of the policyholder extending over a decade. 

The Zone has over 2.8 Crore policyholders.  During the year the Zone has settled 7,06,965 Claims and paid Rs. 4151.78 Crores as Claim outgo, i.e. 6,83,960 Maturity Claims for an amount of Rs.3,817.37 Crores and 23,005 Death Claims for an amount of Rs.334.41 Crores.

The South Zone of LIC has transferred a surplus of over Rs.20,000 Crores during this financial year due to the robust performance of P & GS in Southern Zone which tops the Country.

For further information please contact:
Regional Manager(CC), LIC of India,
Southern Zonal office, Chennai
Telephone : 04428604145  E-mail-id:  
visit us at


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