LIC’s ASSETS CROSS Rs.28 LAKH CRORE

Hyderabad 2018: Life Insurance Corporation of India will be celebrating its 62^nd anniversary on 1^st September 2018. LIC has played a crucial role in bringing the people into financial inclusion and spreading the message of life insurance among the masses and mobilization of people’s money for people’s welfare. LIC has extended financial protection to 29.12 crore families under individual business segment and 11.78 crore families under Group Insurance segment.

T.C. Suseel Kumar, Zonal Manager, South Central Zonal office,   Hyderabad

LIC has set new performance records in various aspects of life insurance business – may it be New Business Performance, Customer Service aspects, use of technology or claims settlement. LIC continues to be the market leader in terms of market share in New Business Performance by retaining 75.67% market share in terms of new policies issued. While completing 62 years of existence, LIC has grown from strength to strength in terms of new distribution channels, branch office network, agency network and ultimately the new business premium. 

Starting with an initial capital of Rs.5 Cr in 1956 today LIC has Assets of over Rs.28 lakh crore. LIC started with 168 offices in 1956 and today with over 4826 offices the Corporation has 1.12 lakh employees, 11.49 lakh agents.

During 2017-18 LIC has registered a growth of 8.17% in the New Business in terms of the First Year Premium. The Total First Year Premium amounted to Rs. 134551.68 Crore at the end of 31^st March, 2018 (under composite new business).  The total income of the Corporation stood at 5.23 lakh crore out of which Rs. 3.18 lakh crore was the Premium Income.  During the FY 2017-18 LIC settled 2.66 crore claims amounting to Rs. 1,11,860 crore.  The Corporation stands at numero one in terms of percentage of claims settled.

South Central Zone covers the States of Andhra Pradesh, Telangana and Karnataka. In these 3 states LIC has 17 Divisional offices, 314 Branch Offices, 200 Satellite Offices, 88 Mini Offices and 4000 Premium Points, serving the Policyholders. There are 1.62 Lakh agents in South Central Zone.

SOUTH CENTRAL ZONE RECORDS A NEW BUSINESS OF 1 CRORE LIVES DURING CURRENT FINANCIAL YEAR:

South Central Zone, during the current financial year has already insured 1 Crore lives on new business front (including lives insured under Group Schemes)

South Central Zone’s Total Premium Income during the Financial Year 2017-18 reached Rs.50,000 crore and the total number of individual policies serviced by this Zone crossed 4.3 Crores as at 31.03.2018.

NEW BUSINESS PERFORMANCE OF THE ZONE AT ITS BEST

During the Financial Year 2017-18, South Central Zone sold close to 30 lakh  new policies with a premium of Rs.5574 crore showing a growth of 10% over last year and covered more than 3 Crore lives under Group Insurance.

LIC’s HYDERABAD ZONE SETTLES ABOVE 99% CLAIMS:

During the FY 2017-18 the Zone could register a claim settlement ratio of 99.87% and 99.97% on Maturity Claims and Death Claims respectively.

SOUTH CENTRAL ZONE HANDLES TWO PRESTIGIOUS GOVERNMENT SCHEMES

Rythu  Bandhu Bima Scheme (Telangana Government)

Rythu Bandhu Group Life Insurance Scheme is launched w.e.f. 14.08.2018.  This scheme provides life insurance coverage of Rs. 5 lakhs to every eligible Pattadaar identified and registered by the Department of Agriculture, Government of Telangana.  The Sum Assured of Rs. 5 lakhs is payable in case of death due to any reason and credited by Direct Benefit Transfer to Nominee’s Bank account.   LIC has made all arrangements to run the scheme on electronic basis to process these claims within a turn-around time of 10 days.   More than 27.90 lakh members are enrolled in the scheme.

Chandranna BimaYojana & Chandranna Rythu Bima Yojana (AP Government):

The scheme is providing life insurance cover under PMJJBY/PMSBY as part of social security to various identified segments.   The total numbers of lives covered are to the tune of 2 crores.    Each member is covered for Rs. 2 lakh life insurance for natural death and Rs. 2 lakh for Accidental death for age group between 18 – 50 years.  

LIC’s Investments in SCZ jurisdiction touches Rs. 2 lakh Crore:

Total investments of LIC in Government and social sector stood at Rs.19.55 lakh crore as at 31.03.2018.  The investments in Telangana, AP and Karnataka stand at Rs. 2 lakh Crore, as at 31.03.2018.

PULSUS health informatics facility to come up soon in Chhattisgarh

HYDERABAD, August 8, 2019:Chhattisgarh Chief Minister meeting with CEOs topromote more investments into the state has found responsiveness from Canadian Health Informatics player PULSUS, with the CEO of PULSUS & Omics International, Dr. Srinubabu Gedela assuring they are keen to expand as the met in New Delhi recently.

                                        CM Dr. Raman Singh meets Dr.Srinubabu Gedela, CEO

With the support and speedy approvals from state Government and Software technology parks of India Pulsus expects to commercialize the facility andhelp create 2000+ jobs in Chhattisgarh in the next 12 months at Dantewada, Rajnandgaon,and Raipur.

PULSUS has already got the incentive approval to scale operations in Vishakhapatnam, Andhra Pradesh;Sangareddy, Telangana for about 4000 seats.The healthcare informatics player is keen to establish basic healthcare and agriculture information translation facilities in different regions of India.The meeting with Chhattisgarh CM is part of PULSUS expansion strategy and its commitment to create new facilities to translate basic Healthcare and agriculture information in Regional Indian languages in different regional states.

Making the announcement Dr. Srinubabu Gedela, Chief Executive Officersaid“During the meeting, Honorable Chief Minister Dr. Raman Singh assured all support possible to help Pulsus scale operations in Chhattisgarh state. He emphasized the need for IT/IES businesses like PULSUS to think beyond the established IT corridors in the country. He also assured that youth of Chhattisgarh are ready to serve companies like Pulsus.

During the interaction, Dr. Srinubabu emphasized the need for translating healthcare and agriculture information into regional languages and its role in creating a healthy and prosperous society. While the

Hon. CM explained about the flagship Sky mobile scheme under which 50 lakh smartphones were distributed and how the users can benefit from the translated healthcare and agriculture information created by PULSUS.

Dr. Srinubabu said under the leadership of Dr. Raman Singh the state emerged as a good destination for investors due to its rapid economic growth. PULSUS foray in Chhattisgarh will be a perfect localized employment generation model where not only new jobs arecreated butbasic health care and agriculture information are brought to smartphonesusers in the state.

Pulsus is a healthcare informatics medical publishing company and since 3 decades and received accolades from the contributors and the readers. Headquartered in Singapore, PULSUS employs 5000+ employees, across its offices in London, Chennai, Gurgaon and Hyderabadand Visakhapatnam.  

MAA Research foundation conducting Workshop on Optimising the Outcomes in ENT Surgeries

Hyderabad August 2018: MAA ENT Hospital and MAA Research foundation are conducting a live surgery training workshop on 4^th and 5^th August 2018 which will be attended by more than 400 ENT doctors from all over the country. ENT Experts from India and Singapore will be performing more than 40 surgical operations at State of the Art MAA ENT Hospital’s Jubilee hills branch using latest equipment from US and Germany.  The theme of the workshop is how to optimize the surgical results and concentrating on to achieve 100 percent success rate.  Six hundred patients have been screened free of cost and the 30 patients having complex diseases were selected for free surgery. These surgeries will be performed free of cost including medicines, hospital stay and tests. This is 54^th workshop of this kind from MAA ENT which will serve the poor patients and benefit young ENT surgeons from all over the country as well.

               Dr.K.R.Meghanadh, Chief ENT Surgeon, MAA E.N.T Hospital

              Sunita Kumar Chairman and Managing Director at MAA ENT Hospital.

Ear, nose, throat and neck cancer surgeries are performed in this workshop without a scar on the face.