Profit & Loss and Death Claim Analysis of All Life Insurers for the Year 2013-14
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Valuation Results of LIC of India For the year 2013-14 |
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Valuation Surplus after Tax(2013-14) Govt. Share @ 5% 95% to be distributed to Policy Holders (Investment by Govt in LIC in 1956 is 5.00 crores only) |
: ₹ 28,727 Crores : ₹ 1,436 Crores : ₹ 27,921 Crores |
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Total Number of Policies in force (More than Population of Many Countries) |
: 29.61 Crores |
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Total Premium Income (The daily collection of Corporation is 648 Crores) |
: ₹ 2,36,798 Crores |
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Total Gross Income for the year (Four Times the income of leading Bank in India) |
: ₹ 2,87,315 Crores |
| Total Number of Claims Settled | :2,59,00,000 |
| Total Amount paid towards claims | : ₹ 91,186 Crores |
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Outstanding Death Claims Outstanding Maturity Claims |
: 0.70% only and 0.32% only |
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First Year Premium Income ((More than the total amount of claims paid) |
: ₹ 81,514 Crores |
| Total Life Fund | : ₹ 16,07,024 Crores |
| Total Assets of Corporation | : ₹17,69,191 Crores |
| Investment in Govt/Infra/Social Sector | : ₹17,69,191 Crores |
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LIC’s Market Share as on 31/03/2014 (Remaining 23 private companies Market share: 24.67% on premium and 15.56% on policies) |
: 75.33% on Premium : 75.33% on Premium |