Lok Sabha Question No. 262 (STARRED), answered on 2021-03-15
Subject: Life Insurance Corporation of India
Ministry: FINANCE
Asked by: S. Ramalingam, T. R. Paarivendhar

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## LOK SABHA STARRED QUESTION NO-*262

ANSWERED ON- 15/03/2021

## LIFE INSURANCE CORPORATION OF INDIA

*262. Shri Ramalingam S.

Dr. T. R. Paarivendhar:

Will the Minister of FINANCE be pleased to state:-

- (a) the  details  of  the  total  number  of  offices/branches  of  Life  Insurance  Corporation  of India (LIC) functioning in the country and the number of officers/employees working therein, State-wise including Tamil Nadu;
- (b) the total number of various policy holder who are paying premium across the country, policy-wise; and
- (c) the total profit earned by the LIC for the last three years, zonal-wise?

## ANSWER

THE FINANCE MINISTER

(SMT. NIRMALA SITHARAMAN)

- (a) to (c): A statement is laid on the Table of the House.

***

Statement as referred to in reply of Lok Sabha Starred Question no. *262 for answer on 15 th  March, 2021/ Phalguna 24, 1942 (Saka) regarding 'Life Insurance Corporation of India' by SHRI RAMALINGAM S. AND DR. T. R. PAARIVENDHAR, Hon'ble Members of Parliament

State and Union territory-wise details of total number of offices/branches and officers/employees of the Life Insurance Corporation of India (LIC) as furnished by LIC, are at Annex 'A' and Annex 'B' respectively.

The  number of  individual,  paying  premium  for  life  policies  of  LIC,  as  on  28.02.2021,  as furnished by LIC, was 21,08,37,085.

The surplus of LIC is determined for the Corporation as a whole as per the provisions of section  26  of  the  Life  Insurance  Corporation  Act,  1956.  Surplus  in  respect  of  LIC's  total business is as under:

## Amount in crores Rupees

| Financial year   | Allocation of surplus to Central Government   | Allocation of surplus to policyholders   | Surplus   |
|------------------|-----------------------------------------------|------------------------------------------|-----------|
| 2019-20          | 2,697.74                                      | 51,257.12                                | 53,954.86 |
| 2018-19          | 2,660.59                                      | 50,551.31                                | 53,211.91 |
| 2017-18          | 2,421.82                                      | 46,014.63                                | 48,436.45 |

***

Annexure referred  to  in  part  (a)  of  Lok  Sabha  starred  question  no.  *262  for answer on March 15, 2021.

State  and  Union  territory-wise  total  number  of  offices  of  LIC,  as  on 31.1.2021

| S. No.   | State and Union territory                | Total number of offices   |
|----------|------------------------------------------|---------------------------|
| 1        | Andaman and Nicobar Islands              | 2                         |
| 2        | Andhra Pradesh                           | 195                       |
| 3        | Arunachal Pradesh                        | 7                         |
| 4        | Assam                                    | 98                        |
| 5        | Bihar                                    | 179                       |
| 6        | Chandigarh                               | 10                        |
| 7        | Chhattisgarh                             | 86                        |
| 8        | Dadra and Nagar Haveli and Daman and Diu | 2                         |
| 9        | Delhi                                    | 85                        |
| 10       | Goa                                      | 19                        |
| 11       | Gujarat                                  | 265                       |
| 12       | Haryana                                  | 101                       |
| 13       | Himachal Pradesh                         | 40                        |
| 14       | Jammu and Kashmir                        | 44                        |
| 15       | Jharkhand                                | 112                       |
| 16       | Karnataka                                | 293                       |
| 17       | Kerala                                   | 246                       |
| 18       | Ladakh                                   | 1                         |
| 19       | Lakshadweep                              | 1                         |
| 20       | Madhya Pradesh                           | 338                       |
| 21       | Maharashtra                              | 509                       |
| 22       | Manipur                                  | 15                        |
| 23       | Meghalaya                                | 9                         |
| 24       | Mizoram                                  | 7                         |
| 25       | Nagaland                                 | 8                         |
| 26       | Odisha                                   | 147                       |
| 27       | Puducherry                               | 9                         |
| 28       | Punjab                                   | 150                       |
| 29       | Rajasthan                                | 267                       |
| 30       | Sikkim                                   | 2                         |
| 31       | Tamilnadu                                | 497                       |
| 32       | Telangana                                | 146                       |
| 33       | Tripura                                  | 18                        |
| 34       | Uttar Pradesh                            | 671                       |
| 35       | Uttarakhand                              | 56                        |
| 36       | West Bengal                              | 327                       |
| Total    | Total                                    | 4,962                     |

## Annexure referred to in part (a) of Lok Sabha starred question no. *262 for answer on March 15, 2021

State and Union territory-wise details of employees of LIC, as on 31.03.2020

|   S.No | State and Union Territory   | Class I Officers   | Class II (Develop ment Officers)   | Class III   |   Class IV |
|--------|-----------------------------|--------------------|------------------------------------|-------------|------------|
|      1 | Andaman and Nicobar Islands | 8                  | 5                                  | 10          |          0 |
|      2 | Andhra Pradesh              | 1,308              | 1,212                              | 2,654       |         27 |
|      3 | Arunachal Pradesh           | 11                 | 13                                 | 15          |          1 |
|      4 | Assam                       | 783                | 641                                | 1,338       |        197 |
|      5 | Bihar                       | 1,339              | 1,012                              | 1,961       |        204 |
|      6 | Chandigarh                  | 155                | 56                                 | 247         |          1 |
|      7 | Chhatisgarh                 | 471                | 315                                | 827         |         59 |
|      8 | Delhi                       | 1,230              | 700                                | 1,547       |         42 |
|      9 | Goa                         | 156                | 110                                | 279         |          6 |
|     10 | Gujarat                     | 1,696              | 1,623                              | 3,879       |        137 |
|     11 | Haryana                     | 663                | 571                                | 949         |         14 |
|     12 | Himachal Pradesh            | 265                | 214                                | 493         |          1 |
|     13 | Jammu and Kashmir           | 258                | 172                                | 278         |          3 |
|     14 | Jharkhand                   | 623                | 532                                | 1,157       |         97 |
|     15 | Karnataka                   | 1,822              | 1,371                              | 3,924       |        106 |
|     16 | Kerala                      | 1,348              | 930                                | 2,026       |         18 |
|     17 | Ladakh                      | 3                  | 3                                  | 0           |          0 |
|     18 | Madhya Pradesh              | 1,792              | 1,159                              | 2,450       |         83 |
|     19 | Maharashtra                 | 5,408              | 3,315                              | 7,362       |        218 |
|     20 | Manipur                     | 40                 | 35                                 | 63          |          6 |
|     21 | Meghalaya                   | 17                 | 23                                 | 45          |          4 |
|     22 | Mizoram                     | 7                  | 3                                  | 0           |          1 |
|     23 | Nagaland                    | 17                 | 21                                 | 30          |          5 |
|     24 | Odisha                      | 1,033              | 752                                | 1,680       |        211 |
|     25 | Puducherry                  | 24                 | 26                                 | 53          |          1 |
|     26 | Punjab                      | 742                | 717                                | 1,227       |         26 |
|     27 | Rajasthan                   | 1,691              | 1,156                              | 2,593       |         52 |
|     28 | Sikkim                      | 7                  | 18                                 | 24          |          0 |
|     29 | Tamil Nadu                  | 2,181              | 1,815                              | 4,885       |         48 |
|     30 | Telangana                   | 1,276              | 871                                | 2,290       |         52 |
|     31 | Tripura                     | 70                 | 59                                 | 95          |         14 |
|     32 | Utarakhand                  | 442                | 316                                | 688         |         20 |
|     33 | Uttar Pradesh               | 3,392              | 2,773                              | 5,160       |        258 |
|     34 | West Bengal                 | 2,108              | 1,849                              | 4,942       |        594 |