Presenting the Launch of LIC Credit Cards.
A partnership between LIC Cards Services Limited (LIC CSL) and Axis Bank Ltd.
Life Insurance Corporation of India
Life Insurance Corporation of India is India’s premier organization formed by an act of parliament under LIC Act, 1956 on 1st September 1956. Today LIC has more than 31 lakh crores worth of assets, 28.92 crore individual policies & 11.36 Crores Group policies (lives) in force as on 31.03.2020. LIC has invested over Rs. 282000 crores in people’s welfare. Over the years, LIC has become a synonym for life insurance in India and a financial conglomerate. It has 2048 Branch Offices, 1546 satellite sampark offices, 1173 Mini Offices networked through WAN with 1.20 million agents across the country as on 31.03.2021. In line with corporate vision “Changed World Unchanged Promises” for the current year LIC always stood up with the Policyholder in this tough situation of covid-19.
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.
Axis Bank was one of the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The Bank's registered office is in Ahmedabad and its central office is located in Mumbai. They have one of the largest ATM networks in the country. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.