Life Insurance Corporation of India (LIC) is going to be updated soon. It is reported that soon the facility of Claim Settlement will be started across the country. This will mean that you will be able to apply for Claim Settlement from anywhere in the whole country.
Delhi: It has been announced in the budget that IPO of LIC will be brought soon. There is still time for LIC’s IPO to come, but before that another big news has come out. Soon LIC is going to start the Claim Settlement facility across the country. The advantage of this is that customers will not have to go to Home Branch for claim settlement.
Can apply in any branch
With the introduction of the claim settlement facility across the country (PAN India), a lot of customers’ problems will end. In difficult times, customers will be able to apply for claim settlement of their insurance from any LIC branch in the country. Apart from this, for the convenience of customers, My LIC APP has been started in which customers will get information on policy status, loan facility, and Surrender Value at one place.
What is the rule now
At present, the system in LIC is that the branch from which the policy is taken, the customer has to go to the same branch and apply for the claim settlement. Although the online claim settlement facility is available in many branches of LIC, but not yet in the whole country. When LIC’s claim settlement facility will start in the whole country, then the customers will end up facing a lot of trouble. LIC is also working on the issue of employment. According to reports, work is going on at a recruitment agency. Instructions have also been issued to all Divisional Managers in this regard so that LIC can become a means of employment for maximum people.
LIC occupies insurance industry
In today’s era everything is insured, from life to vehicles, goods and mobiles. LIC is at number one in the field of life insurance and is progressing day by day. According to the information, about 70 percent of the total customers of life insurance are with the Life Insurance Corporation of India. The remaining 30 percent are other companies.
LIC’s IPO will also come
In the budget speech, Finance Minister Nirmala Sitharaman announced that the IPO of LIC will be brought in the next financial year. According to the information so far, it can be announced after October. Minister of State for Finance Anurag Thakur recently informed Parliament that LIC customers will get 10 percent reservation in IPO. According to experts, LIC has more than 32 crore customers and the financial position of the company is between 12 to 15 lakh crores.
