Life Insurance Corporation of India is inviting applications for the post of Insurance Specialist for the year 2025. Here is everything that you need to know about this LIC of India Internship!
About Life Insurance Corporation of India (LIC)
The Life Insurance Corporation of India (LIC) is a government-owned insurance and investment company in India. It is owned by the Ministry of Finance of the Government of India. It was founded on September 1, 1956, when the Indian Parliament passed the Life Insurance of India Act, which nationalised the country’s insurance industry. The state-owned Life Insurance Corporation of India was formed through the merger of over 245 insurance companies and provident societies.
The Life Insurance Corporation of India had a total life fund of 28.3 trillion rupees as of 2019. In the 2018–19 fiscal year, the total value of sold insurance was $21.4 million. In the fiscal year 2018–19, the Life Insurance Corporation of India settled 26 million claims. Its policyholders number 290 million. It has 290 million policy holders.
The primary goal of LIC is to extend insurance products throughout India, particularly in urban and economically backward areas, and to provide low-cost financial insurance against death.
Roles & Responsibilities
- Develop and implement sales strategy to drive insurance policy sales
- Build and maintain strong relationships with clients to provide great customer service
- Support marketing initiatives to advertise insurance-related goods and services
- Perform market research to find prospective new customers and expansion prospects.
- Work together with the public relations group to improve reputation and brand recognition.
- Help in handling insurance claims and answering questions or issues from clients
- Take part in training and development initiatives to improve your knowledge and abilities in the insurance sector.
Location
Ahmedabad
Duration
The LIC of India internship will be for a period of 1 month.
Perks
Stipend: Rs.9,000 – 30,000 / month
Certificate & Letter of Recommendation
Deadline to Apply
The last date of applying for this internship is 3rd May, 2025.
How To Apply For This Internship?
To apply for the LIC of India internship, click here.
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