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LIC is targeting 325 crore from rental income this year

LIC is targeting 325 crore from rental income this year
Last Updated: Jul 22, 2015 | 227 Views
Life Insurance Corporation (LIC) of India has several properties in prime locations across the country and is earning rental income from the same. Last year LIC earned Rs.300 crore in rental income and this year they are targeting 325 crores from these properties.

LIC will track all the properties owned by them across the country and implement strategies to increase the rental income. Moreover, LIC also plans to implement enterprise model risk management to avoid rent-related complications in future.

LIC is the largest life insurance company in India and currently offers 16 products across categories of child, pension, health, risks and investments insurance plans. Even though LIC entered the online distribution space late, it has big plans to catch up on its online market share. The insurer may launch 2 new online products including pension and term plan which might improve their market share. On the customer engagement front, the insurer plans to come up with an SMS-based helpline, through which customers may send an SMS to a dedicated phone number which would get response from an LIC official. 

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