High per capita Savings

• Indian People are good savers. Indian Gross household saving in financial sector is 8% of GDP for the year 2011-12.

• The share of life Insurance premium was 19.9% of gross house hold savings. (Source: RBI Annual Report 2012-13).

• Report on the savings pattern states that:
    83% save for emergencies,
    81% for Children’s education,
    69% for old age,
    63% to meet future expenses towards marriages, birth and social ceremonies.

The above pattern indicates tremendous scope for life Insurance products.

About Us

"Our mission is to explore and enhance the quality of life of people through financial security by providing professional, healthy and ethical support."

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    LIC of India, Laxmi Road Branch Office, Commonwealth building, Ground Floor, Laxmi Road, Pune-411030.
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