VISAKHAPATNAM: The Life Insurance Corporation (LIC) of India aims at adding one crore policies through its Bima Gold policy, launched to mark its golden jubilee last year.

It has already crossed 40 lakh policies. Disclosing this at a press conference here on Friday, LIC Zonal Manager T. Chattopadhyay said the Howrah division had sold 2 lakh policies.

Some of the divisions, including Visakhapatnam, Kadapa, Machilipatnam and Rajahmundry, were likely to sell 1 lakh policies each. The sale of the policies would not be extended beyond March 31.

Satellite Sampark offices

He said that the LIC with an addition of 2 crore polices as on February 27 recorded a growth of 25 per cent. The highest growth was 27.6 per cent in 1989. A new product, Jeevan Tarang, would be launched on March 17. In an effort to provide better services to customers, the LIC would launch 400 more Satellite Sampark offices all over the country in the next financial year, Mr. Chattopadhyay said. The zone comprising Andhra Pradesh and Karnataka would get 64 of the Sampark offices, he said. The Satellite Sampark offices would be linked to the LIC offices online and would provide information about their policies to customers, he elaborated. ``LIC is settling 97 per cent claims for policies maturing and no one can boast of such a wonderful record,'' he said.

It had remained the best brand in service for three years in a row. He complimented the Visakhapatnam division for recording a 26 per cent growth.

Bima Gold policies

LIC Visakhapatnam Divisional Manager S. Behera said the division had so far sold 33,000 Bima Gold policies. For each policy sold, Rs. 5 would be contributed to the Prime Minister's Relief Fund and with the target being 1 crore policies, Rs. 5 crores would be the total contribution.

He said the Visakhapatnam division would get four Satellite Sampark offices. Mr. Chattopadhyay gave away a letter sanctioning Rs. 15 lakhs to the Sankar Foundation, which runs an eye hospital near Simhachalam, for its service activities.

Tara Devi, Principal of Helen Keller School for the Blind, was handed over 100 sticks for distribution among the visually challenged.

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