LIC Facts  You Should Know 😮

LIC IPO  Allotment Date And Status Check

1. Makes different from other companies

LIC IS THE OLDEST, LARGEST AND MOST PROFITABLE LIFE INSURANCE COMPANY IN INDIA

2. Massive customer base

It has a customer base of about 29 cr policyholders.

3. Guaranteed by the government of India

the government has guaranteed to settle claims in case it defaults.

4. Big commissions for agents

It pays up to 20% of the premium amount as commissions to its agents

5. Multinational presence

As of today, Ipresent in Fiji, Mauritius, UK, Singapore, Bahrain, Bangladesh, Abu Dhabi, Dubai, Kuwait, Oman, Qatar, Kenya, Sri Lanka, Nepal, and Saudi Arabia.

6. Multinational presence

As of today, Ipresent in Fiji, Mauritius, UK, Singapore, Bahrain, Bangladesh, Abu Dhabi, Dubai, Kuwait, Oman, Qatar, Kenya, Sri Lanka, Nepal, and Saudi Arabia.

7. Shares most of its profits

LIC invests funds in government bonds, corporate bonds, stock market Profits from these goes to policy holders and government.

8. When lic was formed?

LIC was formed on January 19, 1956

9. why lic was created?

LIC was created with an objective to nationalise life insurance in India

10. how much bigger lic is?

If LIC was a country then it would be the 5th largest country in the world by population

For More Tech Facts & Unknown Facts Visit Our Website