Strong LIC Brand
You will be associated with one of the leading Life Insurance Company of the world. The brand image of LIC of India is huge, people in India identifies life Insurance as LIC only.
Brand Value of LIC is ` 18,00,000 Crores, and you will be using that brand on your card.
Thus selling life Insurance policies for LIC of India is much easier.
Market Share of LIC of India as on 31/03/2014 is as under:
|First Year Premium
|Market Share||Number of Policies||Market Share|
|LIC of India||90,124||75.33%||3,45,11,781||84.44%|
|All 23 Private Companies||29,517||24.67%||63,61,536||15.56%|
The above figures shows dominance of LIC of India even after 14 years of opening of the Insurance sector to private companies.