LIC holds conference on corporate strategy

Hyderabad: The Life Insurance Corporation (LIC) of India on Wednesday organized a conference on corporate strategy for its divisional and zonal heads in Mumbai. The 59th All India senior divisional managers' conference was attended by divisional heads representing 113 Divisions all across the country participated in the Conference.

Zonal heads from eight different Zones as well as all operational heads in the rank of executive directors from corporate office participated in deliberations for finalizing strategies on various aspects of marketing, customer servicing, information technology, HR, international operations and new initiatives for the current financial year.

LIC has registered a Market share of 74.71 per cent in number of policies and 66.24 per cent in First Year Premium Income for the year 2018-19 and achieved the highest ever First Year Premium Income of Rs 1,42,191.69 crore. The performance in settlement of Claims continues to be a matter of pride for the Corporation.

The top achievers of 2018-2019 were felicitated during the Conference. Panel Discussions, brainstorming on corporate strategies for the objectives of the current financial year and planning of activities towards execution of the same, formed the agenda for the conference.