LIC has been one of the pioneering Indian organizations in leveraging Information Technology for policy servicing and business operations. Unit Record Machines introduced in late 1950’s were phased out with Microprocessors based computers starting from 1964. Branch and Divisional Oces were also equipped with computers in 1980s for Back Oce operations. In 1990s, Standard Computer Packages were developed and implemented for Ordinary and Salary Savings Scheme (SSS) Policies.We have been upgrading our systems with relevant and appropriate technologies over the years.
MISSION & VISSION
Spread Life Insurance widely and in particular to the rural areas and to the socially and economically backward classes with a view to reaching all insurable persons in the country and providing them adequate financial cover against death at a reasonable cost.
Bear in mind, in the investment of funds, the primary obligation to its policyholders, whose money it holds in trust, without losing sight of the interest of the community as a whole; the funds to be deployed to the best advantage of the investors as well as the community as a whole.