LIC of India and the Department of Posts, Government of India have etched an agreement for print to post solutions. The print to post solutions are provided by the Department of Posts, Government of India for printing and dispatch of the policy booklet issued under a life insurance policy. LIC of India is availing these solutions and an agreement to that effect was signed at the Headquarters of LIC in Mumbai on Monday, September 27, 2021, in the presence of high ranked officials of LIC of India and the Department of Posts.
Present for the event were M R Kumar, the chairperson of LIC of India and the MDs, Mukesh Kumar Gupta, Raj Kumar, Mini Ipe, and the executive director of new business and reinsurance, Praveen Kumar. The Department of Posts was represented by Ajay Kumar Roy, the deputy director general of the Postal Directorate in New Delhi, T M Sreelatha, postmaster general & K A Devaraj, the director of Postal Services (Headquarters) in Telangana circle and Ganesh V Sawaleshwarkar, the postmaster general of Navi Mumbai region, Maharashtra circle.
Speaking on the occasion, LIC’s chairperson congratulated the Department of Posts for entering this venture and said that product delivery is of utmost importance to LIC.
Roy, the deputy director general of the Postal Directorate at New Delhi, who spoke on the occasion, said that ‘delivery on the day of receipt’ is the working theme of India Post. He also highlighted the long and historical relationship between LIC of India and Department of Posts and that this venture would only go on to strengthen the relationship.
In his closing remarks, the MD of LIC, Mukesh Kumar Gupta, while congratulating the departments on this historic agreement said that the end-to-end solutions would provide the much needed fillip in the issue of policy documents with reduced TAT to enhance the customer experience.