LIC CEO and Managing Director Siddharth Mohanty said on the occasion of the launch of this scheme that through Jeevan Samarth Scheme we want to improve the entire network of agents. We aim to meet the changing needs of crores of Indian families and provide them with better options for long-term savings, protection, health insurance, ULIP and pension.
To make this change, expert company A.T. has decided to work with Kearney. A.T. Kearney will conduct a complete review of LIC’s existing agency system and help in improving it.
The relationship between customers and agents will become stronger.
Under this, work will also be done at the branch, division and zonal levels. Its objective is to adopt the best practices from around the world keeping in mind the rapid changes and new rules in the Indian insurance sector. Besides, this scheme will also strengthen the relationship between customers and LIC agents. With this change, agents will not only get new tools but their skills will also be enhanced. This will strengthen the relationship between customers and agents, which will make it easier for customers to present their views to the company.
The CEO & MD calls upon the young men and women of India to join hands with LIC and participate in shaping the future of the insurance industry in India by choosing life insurance marketing as a rewarding career.
LIC is going to enter health insurance sector also
Information has also come to light that insurance giant Life Insurance Corporation of India (LIC) is planning to enter the health insurance sector through a private health insurance company. People associated with the company said that LIC is considering acquiring one of the five private standalone health insurance companies.
Public sector company LIC will have to amend the existing insurance law to enter the health insurance market. Under existing laws, the regulatory body Insurance Regulatory Development Authority of India (IRDAI) and the Insurance Act 1938 do not allow composite licensing of an insurer to undertake life, general or health insurance under a single entity.
