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LIC to set up 300 mini offices by end-June

The offices will provide basic insurance services and would be manned by LIC employees

June 19, 2013 3:30 IST | India Infoline News Service
The Life Insurance Corporation of India will set up 300 mini offices across the country by end of June, said Thomas Mathew T, Chairman-in-charge, LIC, adding that the corporation was opening 10 mini offices a day.

Mathew said the offices will provide basic insurance services and would be manned by LIC employees. LIC has 2,067 offices and satellite centres across the country and will open 1,320 more.

He was speaking at a seminar on financial inclusion through insurance, organised by the National Insurance Academy (NIA) in Pune on Saturday.

The Academy decided to focus on inclusion through insurance in view of the Union finance minister's budget speech that called for setting up public sector insurance offices in all towns of India which have a population of 10,000 or more.

Over 200 delegates including senior executives from public, private sector insurance companies, leading banks, NGOs and others participated in the event. The broad theme for the seminar was 'Millions to Cover- Reaching the Unreached through Insurance.'

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