They too sought to avert the evil consequences of fire and flood and loss of life and were willing to make some sort of sacrifice in order to achieve security.

The same instinct that prompts modern businessmen today to secure themselves against loss and disaster existed in primitive men also. The story of insurance is probably as old as the story of mankind. 'A trans-nationally competitive financial conglomerate of significance to societies and Pride of India.' 'Explore and enhance the quality of life of people through financial security by providing products and services of aspired attributes with competitive returns, and by rendering resources for economic development.' Promote amongst all agents and employees of the Corporation a sense of participation, pride and job satisfaction through discharge of their duties with dedication towards achievement of Corporate Objective. Involve all people working in the Corporation to the best of their capability in furthering the interests of the insured public by providing efficient service with courtesy. Meet the various life insurance needs of the community that would arise in the changing social and economic environment. Maximize mobilization of people's savings by making insurance-linked savings adequately attractive.īear in mind, in the investment of funds, the primary obligation to its policyholders, whose money it holds in trust, without losing sight of the interest of the community as a whole the funds to be deployed to the best advantage of the investors as well as the community as a whole, keeping in view national priorities and obligations of attractive return.Ĭonduct business with utmost economy and with the full realization that the moneys belong to the policyholders.Īct as trustees of the insured public in their individual and collective capacities. Spread Life Insurance widely and in particular to the rural areas and to the socially and economically backward classes with a view to reaching all insurable persons in the country and providing them adequate financial cover against death at a reasonable cost.

Though this journey started over five decades ago, we are still conscious of the fact that, while insurance may be a business for us, being part of millions of lives every day for the past 52 years has been a process called TRUST.

We are humbled by the magnitude of the responsibility we carry and realise the lives that are associated with us are very valuable indeed. Every day we wake up to the fact that more than 250 million lives are part of our family called LIC.

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