OBJECTIVES
OF LIFE INSURANCE CORPORATION (LIC)
- 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.
- Maximize mobilization of people's
savings by making insurance-linked savings adequately attractive.
- Bear 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.
- Conduct business with utmost
economy and with the full realization that the moneys belong to the
policyholders.
- Act as trustees of the insured
public in their individual and collective capacities.
- Meet the various life insurance
needs of the community that would arise in the changing social and
economic environment.
- 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.
- 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
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