STATE TIMES NEWS JAMMU: The 59th All India Senior Divisional Managers’ Conference of LIC culminated here on Wednesday wherein annual corporate strategies were deliberated upon in detail. Earlier, the two-day long conference was inaugurated with welcome address by Chairman and Managing Directors of LIC of India. Divisional Heads representing 113 Divisions all across the country participated in the conference. Zonal Heads from eight different zones as well as all operational heads of the rank of Executive Directors from Corporate Office participated in deliberations for finalising strategies on various aspects of marketing, customer servicing, information technology, HR, international operations and various new initiatives for current financial year. The LIC has registered a market share of 74.71 per cent in number of policies and 66.24 per cent in First Year Premium Income for year 2018-19 and achieved the highest ever First Year Premium Income of Rs 1,42,191.69 crore. The performance in settlement of claims continues to be a matter of pride for the corporation. The top achievers of 2018-2019 were also felicitated during the Conference. Panel discussions and brainstorming sessions on corporate strategies for current financial year and planning of activities for execution of the same, formed agenda of the Conference. On May 22, Rakesh Sharma, MD and CEO IDBI Bank was invited as the Guest Speaker at the Conference. He shared his vision on the bank’s association with LIC of India and synergies that can happen between LIC offices and IDBI Bank outlets. With increased association with LIC of India in opening of accounts and resultant balances, IDBI Bank shall move faster towards healthier balance sheet.
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