Few Milestones :
- With conventional plans LIC’s premium grew 29%
- On the other hand,private sector’s firm fell by 3% in 2009.
- Daily LIC adds Rs.3,50,00,00,000 to its assets through its collections.No private Life insurance company can compete.
- Tata motors on 19/5/2009 raised Rs.1250 crore by selling NCD(10%) to LIC.
- LIC to invest around Rs.1,05,000 crore in NCDs and equity in this financial year.
- LIC’s renewal premium up by 23.91% to Rs.75,971 crore(Rs.227 crores per day) for the 11 month upto 28.02.2009
- LIC is planning to enter Australia, South east Asia, New Zealand to insure Indians there.
- Wipro begs LIC’s 5 year Information Technology deals leaving Infosys, L&T info and TCS busn standard.