what are the objectives of LIC
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spread life insurance widely and in particular to the ruler areas and to the socially and economically back word classes with a view to reaching all insurable person in the country and providing them adequate financial cover against death at a reasonable cost
kartik2744:
hi
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Hi there,
LIC stands for Life Insurance Corporation (of India). It's main motive is to provide life insurance to the people mainly of rular areas and ensure they would get money as financial help through any life tragedy.
FUNCTIONING OF LIC OF INDIA
1⃣ It works for the wel being of people as well it provide interest for investing in it.
2⃣It Creates the interest of people to invest in their policies and schemes.
3⃣Maximize mobilization of people's savings by making insurance-linked savings adequately attractive.
4⃣Conduct business with utmost economy and with the full realization that the moneys belong to the policyholders.
5⃣Involve all people working in the Corporation to the best of their capability in furthering the interests of the insured public by providing efficient service with courtesy.
6⃣Act as trustees of the insured public in their individual and collective capacities.
Hope it will help you.
Be Brainly ^_^
LIC stands for Life Insurance Corporation (of India). It's main motive is to provide life insurance to the people mainly of rular areas and ensure they would get money as financial help through any life tragedy.
FUNCTIONING OF LIC OF INDIA
1⃣ It works for the wel being of people as well it provide interest for investing in it.
2⃣It Creates the interest of people to invest in their policies and schemes.
3⃣Maximize mobilization of people's savings by making insurance-linked savings adequately attractive.
4⃣Conduct business with utmost economy and with the full realization that the moneys belong to the policyholders.
5⃣Involve all people working in the Corporation to the best of their capability in furthering the interests of the insured public by providing efficient service with courtesy.
6⃣Act as trustees of the insured public in their individual and collective capacities.
Hope it will help you.
Be Brainly ^_^
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