Presenting the Launch of LIC Credit Cards. A partnership between LIC Cards Services Limited (LIC CSL) and Corporation Bank.
Life Insurance Corporation of India
Life Insurance Corporation of India is India's premier organisation formed by Government of India under LIC Act, 1956 on 1st September 1956. Today LIC has more than Rs. 8 Lakh Crore worth of assets and over 23 crore policies in force. LIC has invested over Rs. 80,000 Crore in people welfare. Over the years, LIC has become a synonym for life insurance in India and a financial conglomerate. It has 2048 branch offices and more than 550 Satellite Sampark offices networked through WAN with 1.10 million agents across the country. In line with the corporate vision to emerge as a transnationally competitive financial institution, LIC has diversified into many businesses.
LIC Cards Services Limited
LIC Cards Services Limited came into existence on 11th November, 2008 as a 100% subsidiary of LIC to bring out its own Credit Card in the market. The Company has its registered office at Jeevan Prakash Building, 6th floor, 25. K.G. Road, New Delhi-110001.
Every institution has its start in modest initiatives but what makes it great is the passion of the people behind it. Carrying the legacy forward with an undaunted commitment to its vision, the journey of Corporation Bank truly epitomizes this.
Started about 109 years ago in 1906, with an initial capital of just Rs.5000/-, Corporation Bank has recorded Rs. 3,26,012 Crore mark in business and even far more, with over 8970 service outlets across the nation, served by committed and dedicated 18,000 plus Corp Bankers. Proof of which is seen in its enviable track record in financial performance. We have many reasons to cheer, predominant of them is, being able to participate in nation building by empowering the rural and urban population alike. Today, we are proud that we are significant contributors to the growth of the country's economy.