KOTTAYAM: The Kottayam division of the Life Insurance Corporation of India (LIC) is the first in South Zone to cross Rs.300 crore by way of First Premium Income in the current financial year, said R. Doraiswamy, Senior Divisional Manager, Kottayam Divisional Office, LIC of India.
Talking to mediapersons here on Wednesday, Mr. Doraiswamy said the division has collected more than Rs.340 crore First Premium, which is higher than that collected by the other divisions in South Zone comprising Kerala, Tamil Nadu and Pondicherry. In this aspect, the Kottayam division also ranked the fourth highest in India.
Mr. Doraiswamy also gave details about ‘Pension Plus,' a new pension plan to be introduced by the LIC. This plan will be applicable to those between 18 and 75 years. He said the plan would offer market-linked returns and would carry a guarantee on the minimum rate of return.
“The plan would be beneficial to individuals engaged in private employment and in the business sector, who do not secure pension,” he said.
Mr. Doraiswamy highlighted the commitment of the organisation towards social development. “As part of our Corporate Social Responsibility programmes, we have donated Rs.2 lakh towards the roofing work of the Changanassery Social Service Society (CHASS)-run school for mentally challenged children,” he said.
Earlier, District Collector Mini Anthony inaugurated the LIC Day (September 1) and the Insurance Week (September 1 – 7) celebrations at the LIC Divisional Office here. Divisional Marketing Manager Shantha Varkey, Divisional Sales Managers K. Mohandas and K.K. Bijumon attended the press conference.
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