LIC achieves annual target in advance

Excelsior Correspondent
SRINAGAR, Feb 24: Life Insurance Corporation of India, Srinagar Division has achieved its annual target of First Premium Income of Rs 214 crore on 23.02.2018.
It is for the first time in the history of Division that target was achieved in such an advance date. LIC of India Srinagar Division is presently headed by T S Bali, Sr Divisional Manager.
LIC is operational in J&K through one Divisional Office, 17 Branch Offices, 14 Satellite Offices and 12 Mini Offices. The number of agents who are marketing the insurance for LIC is 6135 in J&K State.
In the current financial year, 2050 Death Claims were settled amounting to Rs 32.25 crore. Besides, 30472 maturity claims amounting to Rs 300.74 crore and 50260 Survival Benefit claims amounting to Rs 110.64 crore have also been settled in the Division. The LIC has the best claim ratio in the industry.

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