We, at Life Insurance Corporation of India, always value your relationship with us. Based on the needs of customers, we customize our products. We offer them business solutions and not the products. A decent return of 9% to 9.66% is paid during 2010-11 on the funds managed by LIC under Funded Schemes i.e. Group Gratuity, Group Superannuation, Group Leave Encashment Schemes. LIC enjoys the Sovereign Guarantee and has an impeccable track record of claim settlement. We are the largest insurer in the world servicing more than 30 Crore policies. The total assets under management are more than Rs.13,00,000 Crore.

* Compliance with Regulatory Requirements (IRDA & Income Tax Act)
* Liquidity is ensured (Cash rich)
* Enjoys economies of large scale ( Low Cost )
* Administration is simple (Wide Network and exclusive staff scheme-wise)
* Returns are attractive (Consistency over a long period)
* Concessions in case of favorable claim experience
* Unparallel Service and Unbeatable Performance
* Tax advantages to employer and employees with Transparency

The plans available with us are:

Funded Schemes:

* Group Gratuity Scheme under Cash Accumulation basis
* Group Superannuation Scheme under Cash Accumulation basis
* Group Leave Encashment Scheme
* Group Savings Linked Insurance Scheme

Non Funded Schemes:

* Group Insurance in lieu of EDLI Scheme
* Group Insurance in conjunction with Group Superannuation Scheme
* Group Term Assurance