Financial Results of LIC of India

For the year 2009-10

• Valuation Surplus before Tax : ` 23,478 Crores

Tax to Govt @ 12.70% : ` 2,982 Crores
Valuation Surplus after Tax : ` 20,496 Crores
Govt. Share @ 5% : ` 1,025 Crores
95% to be distributed to Policy Holders : ` 19,471 Crores
Total Amount Paid to Govt. : ` 4,007 Crores
(Investment by Govt in LIC in 1956 is ` 5.00 crores only)

• Total Number of Policies in force : Above 28 Crores

(More than Population of Many Countries)

• Total Premium Income : ` 1,85,985 Crores

(The daily collection of Corporation is ` 620 Crores)

• Total Gross Income for the year : ` 2,98,721 Crores

(Four Times the income of leading Bank in India)

• No. of Death Claims Settled : 6,64,619

Amount Paid towards Death Claims : ` 7,034 Crores
(Outstanding death claims 2.22% only)

• No. of Maturity/SB Claims Settled : 2,05,17,870

Amount Paid towards Maturity/SB : ` 46,921 Crores
(97% of Maturity/SB claims settled before due date)

• Total Amount paid towards claims : ` 53,955 Crores

• First Year Premium Income : ` 70,891 Crores

(More than the total claims paid)

• Total Assets of Corporation : ` 11,52,057 Crores

• Investment in Infra /Social Sector : ` 1,20,000 Crores

• LIC’s expects to Invest in 2010-11 : ` 2,00,000 Crores

• LIC’s Market Share as on 30/06/2010 : 73.43% on FPI.

(Remaining 22 private companies Market share: 26.57%)

tsr.iyengar@gmail.com