life Insurance Corporation of India completed 57 years of its incorporation on September 1. lIC has played a significant role in spreading life insurance among the masses and mobilisation of people’s money for people’s welfare.
lIC has been a pioneer in using information technology for enhancing the quality of its service to customers. Being the largest insurer in India, lIC has always explored all the avenues that technology offers to provide the best of services to its valued customers and other stakeholders.
lIC has also undertaken many other customer-centric initiatives like Enterprise Document Management System, Portal for Customers, Agents, Development officers and Employees, etc.
For the convenience of its customers lIC has widened its premium payment channels both offline and online. Along with existing offline payment channels premium collection through debit authorisations is extended to investors of lIC Nomura Mutual Funds where premium can be paid through their lICNMF systematic withdrawal funds. Under Electronic Bill Presentation and Payment, premium can be paid through various approved Banks and lIC Credit Cards. Certain approved Banks can collect premium through ATMs also. Under Online Payment channels, payments can be done through Customers’ Portal Payment Gateway at www.licindia.in.
lIC is fervent in its Corporate Social Responsibility to not so fortunate of the society. lIC Golden Jubilee Foundation was established on October 20, 2006 as a public trust, and registered with Charity Commissioner under Bombay Public Trust Act 1950 as a part of lIC’s Corporate Social Responsibility. The objectives of the Foundation are relief of poverty or distress, advancement of education, medical relief and advancement of any other object of general public utility.
lIC GJF has supported projects ranging from construction of hospitals, school buildings and classrooms, libraries, computer centre, old age homes, hostel buildings for children in tribal areas, vocational training centres for differently abled persons so as to provide infrastructural facilities to needy persons in different pockets of the country. Mobile medical vans, ambulances, school buses and vans specially designed for transportation of differently abled children to schools and vocational centres have also been provided. lIC has won 24 awards in the last year.