4(1) (b) (vi)

 

LIC of India is the largest life insurer in the country, as at 31.03.2023, it has in force -

1. Individual Policies – 27.74 Crores and
2. Group Insurance Policies(lives) of 8.80 Crores.

 

LIC of India holds voluminous information of policyholders. All the information about policies, terms & conditions, loan, nomination, assignment, alterations , etc, are kept in individual policy dockets.

The policy dockets of the policy holders are kept in electronic form and are accessible by any office of the Corporation. This information can be accessed by designated employees of the Corporation.

Further, each department/Office is maintaining their own documents/files and information which is accessible at the respective Offices.

Employees records are maintained by the Personnel & Office Services department of respective office. There are 98463 employees working in the Corporation as at 31.03.2023.

There are 13, 47,325 agents attached to various offices of the Corporation as at 31.03.2023. The agency dockets are maintained in the respective offices to which agents are attached.