Today we will be focusing on the Lic 66th anniversary blog, we’ll examine its time line, its recent statistics, and more.
Do you know the date that LIC is celebrating its founding day each year? Have you had any insurance policies from LIC? The insurance offered by LIC is very popular across Indian homes.
This is the highest-rated organisation and is owned by the government in India that strives to offer insurance to all citizens at a cost that is affordable. In celebration of its founding day, we should know the past and present stats by reading the Lic 66th anniversary post.
What time do LIC mark the anniversary of its founding?
LIC is a celebration of its anniversary each year on September 1 since it was established on the 1st of September 1956 (66 years ago). The headquarters are in Mumbai and there are eight zonal offices across various areas of India including Hyderabad, Chennai, Kolkata, Patna, Mumbai, Bhopal, Delhi, and Kanpur. Additionally it has 2048 divisional offices, 113 divisional offices branches as well as the 74 customer zones. according to the 2020 figures there are more than 110,000 customers.
The world’s leading insurance company was honored with the company’s Golden Jubilee foundation in 2006.
When is Lic 66TH Anniversary?
LIC celebrates its 66th anniversary of establishment on September 1, 2022, on a Thursday it will enter the 67th anniversary of its establishment this year.
The company is internationally recognized and has a presence across 14 countries around the world. Apart from existence insurance, the firm has also branched out into other services through its subsidiaries and associates. A few of the most well-known examples are LIC Mutual Funds, LIC Housing Finance Ltd, LIC International Ltd, LIC pension Funds Ltd, and so on. The LIC also has numerous distinctions and awards for its excellent service.
On Lic’s 66th Anniversary ,let us review its past and the way it came into being.
The history of LIC foundation:
Sixty-six years ago, LIC was formed when lawmakers approved the LIC Act that saw 245 insurance companies joined forces and formed the Life Insurance Corporation of India. In the beginning, the government offered five crores of capital, and controlled the company 100.
The motto of LIC is that your health is our priority and was originated in Bhagavat Gita’s verse “Yogakshemam Vahamyaham.”
The key people of the company Included in the company are M R Kumar, who is the chairperson. B. C. Patnaik is the Managing Director of Lic.
A few current statistics of the company:
As Lic’s 66th anniversaryis being celebrated this year, let us look at the following statistics about the group:
- Revenue of Rs 724,743 crore (US$91 billion) (2022)
- Total assets:. 4,254,058 (US$530 billion) (US$530 billion) (2022)
- Net Income 4124 Crores (US$520 millions) (2022)
- Total Equity Total Equity: Rs 11,338 crore (US$1.4 billion) (2022)
- Operating income is: 1397,5 million (US$1.8 billion) (2022)
- The number of employees is 114,000 (2020)
Conclusion:
LIC celebrates its founding date this day . It is the most trusted and reputable insurance company. According to the Fortune Global 500 company list, LIC stands 98th position. To find out the more details about LIC check out here
Do you have an insurance policy for life? Do you have any information about the Lic 66TH anniversary.