Today we will be focusing on the Lic 66th Anniversary blog, we’ll review its founding time line, its present statistics, and much more.
Do you know what day LIC is celebrating its founding day each year? Do you have any policies from LIC? Insured by LIC is very popular throughout Indian homes.
This is the highest-rated organisation and is owned by the Government in India that strives to provide insurance to everyone with a reasonable cost. In celebration of its founding day, let us learn the background and statistics by reading the Lic 66th Anniversarypost.
What time will LIC mark it’s anniversary?
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 is located in Mumbai and has eight zonal offices spread across different regions of India including Hyderabad, Chennai, Kolkata, Patna, Mumbai, Bhopal, Delhi, and Kanpur. Additionally it has 2048 divisional offices, 113 divisional office branch offices, as well as the 74 customer zones. according to the 2020 figures the company has more than 110,000 customers.
The top insurance company was celebrating it’s Golden Jubilee foundation in 2006.
What is the Lic 66TH Anniversary?
LIC celebrates its 66th anniversary of establishment on September 1st, 2022 on Thursday, and has entered the 67th anniversary of its establishment this year.
The company is internationally recognized and has a presence in 14 countries around the world. Apart from existence insurance, the firm expanded into other areas by utilizing its affiliates and subsidiaries. Examples of these include LIC Mutual Funds, LIC Housing Finance Ltd, LIC International Ltd, LIC pension Funds Ltd, and so on. The LIC also have numerous distinctions and awards for its excellent service.
On the 66th anniversary of Lic ,let us take a look back at its past and the process that led to its creation.
The history of LIC foundation:
Sixty-six months ago, LIC was formed when parliament adopted the LIC Act which 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 “Your wellbeing is our priority and was originated of Bhagavat Gita’s verse “Yogakshemam Vahamyaham.”
The key people of the company Included in the company are M R Kumar, who is chairperson. B. C. Patnaik is the Managing Director at Lic.
A few current statistics of the company:
As the Lic 66th Anniversaryis commemorated 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 million (US$530 billion) (2022)
- Net Income of Rs 4,124 crore (US$520 millions) (2022)
- Total Equity Total Equity: Rs 11,338 crore (US$1.4 billion) (2022)
- Operating income is: 13.975 lakh (US$1.8 billion) (2022)
- Employees: 114,000 (2020)
Conclusion:
LIC has celebrated its founding anniversary on the 21st of May . It is the most trusted and reputable insurance company. According to the Fortune Global 500 company list, LIC stands 98th position. To find out more information about LIC go here
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