Founded in 1956, LIC or the Life Insurance Corporation of India remains India’s single largest player in the life insurance domain. The popular insurer is also the only public sector life insurance company in India.
This ever-so-popular life insurance service provider was formed after the merger of more than two hundred smaller insurance companies and providence societies in India, back in the year 1956. Ever since its establishment, LIC has been immensely popular amongst life insurance seekers in India and many other parts of the world.
The reason why this public sector life insurance company is so popular is the fact that it has got a very strong agent network that’s evenly spread across far and wide in the country, even to the furthest corners of the country. In fact, a vast majority of rural Indian population had long recognized life insurance only with the name LIC. For them, life insurance literally means LIC.
And when it comes to offering life insurance solutions to its fans and patrons, LIC leaves all other life insurance companies’ miles behind. LIC Company offers a wide smorgasbord of different, useful and benefit-loaded life insurance products to suit every pocket, budget, requirements and necessities. LIC has it all –endowment plans, tax saving plans, pre life covers and money back policies. You name it and LIC has it.
But here’s the BIG QUESTION?
Why You Must Go For LIC Products?
Well, ask any of the 23CR happy LIC customers, located across India, and they will give your umpteen reasons why you must invest your hard earned money in LIC plans. In fact, ask most life insurance experts and their first choice will be LIC. The major reason behind this undying trust of people in LIC is the fact that the company is policy holder centric and ensures that all its policies and plans are thoughtfully designed to meet the needs of the policy holder in the best possible manner.
Let’s just take look at three reason why it makes sense to invest your hard earned money in LIC plans and policies:
- Robust Presence: LIC has an amazingly robust presence across the country. The company operates with 2000+ branch offices, and a strong network compromising millions of insurance agents. Its strong network across the country makes it a smart choice for both people from rural background as well as urban background.
- Best Claim Settlement Ratio: Okay! Let’s face it – the claim settlement ratio remains one of the most looked factors by Indian life insurance seekers. Claim settlement ratios indicate how consistent and impactful a life insurance service provider is when it comes to rolling out the policy claims. LIC is simply unbeatable in terms of Claim Settlement Ratio. Over the years, LIC has been very consistent with its claim settlement ratio. Here’s a quick snapshot of its claim settlement ratio over the years.
|Year||2007-08||2008 – 09||2009 – 10||2010 – 11||2011 – 12||2012 – 13||2013 – 14||2014 – 15||2015 – 16|
|Claims Settlement Ratio||96.71||95.48||96.54||97.03||97.42||97.73||98.14||98.19||98.33|
- Amazing portfolio of innovative products: Not only does LIC impress with its claim settlement ratio and its strong network across the country, the insurers seems to impress one and all with its exceptional line-up of amazing life insurance products and services available at the disposal of life insurance seekers. Though there are a lot of benefits of purchasing life insurance products from LIC, the fact that these products offer max benefits in the form of comprehensive savings and iron-clad protection in a fraction of what others charge make them rather special.
Okay! We know you’re now excited to invest your hard-earned money in one of the many life insurance products offered by LIC. But you’re wondering how to contact LIC.
How to Contact LIC?
It is simple to get in touch with LIC. You may easily get in touch with an LIC agent or go to a nearest LIC branch. Here, it is important to know that LIC has branch offices in almost all major cities.
Let’s check out the address of LIC branches for insurance seekers in Delhi:
LIC Branch 1: LIC Customer Zone Delhi, H-39, New Asiatic BLDG,
Connaught Place, New Delhi –
LIC Branch 2: G-2/B-15, LSC,
Mayur Vihar Phase-2,
LIC Branch 3: First Floor,
Let’s check out the address of LIC branches for insurance seekers in Gurgaon:
LIC Branch: SCO 60, First Floor,
Near More Outlet, Sector-56,
Here it is important to let you know that LIC branches are operational from 8.00 am to 8.00 pm during weekdays and from 10.00 am to 6.00 pm on Saturdays. On Sundays, LIC branches remains closed.
Other Ways to Contact LIC
If you are living in Delhi and Gurgaon and are looking for ways to get in touch with LIC, without having to physically visit a LIC branch, you have two options at your disposal. Here are the two options:
SMS: LIC offers a SMS Helpline for those who can’t visit the branches. Here’s how you can use SMS Helpline from LIC:
- Type LICHELP
- Leave a space
- Type your policy number
- Send to 9222492224 or 56767877.
Example: LICHELP <pol.no.> to 9222492224 or 56767877.
Toll Free Number – IF you live in Delhi and Gurgaon, you may also get in touch with LIC by calling its toll free customer care number. Here are the toll free customer care numbers for LIC: