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LIC launches satellite office

LIC launches satellite office

Apnainsurance.com Research Bureau

22 Jul 2008

Life Insurance Corporation (LIC) of India has launched a satellite office at Kankanady in Mangalore. Satellite offices will also be opened at Byndoor in Udupi district and Sullia in Dakshina Kannada district.

The main functions of these offices are to process new proposals and collect renewal premiums. To avoid the inconvenience of paying premium policyholders can also pay the premium through SMS.

The Udupi division of LIC has set a target of covering five lakh policies through conventional, micro and group insurance schemes during the current fiscal. It sold 3 lakh policies last year.