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Valuation Results of LIC of lndia for the Year 2019-20

Valuation Surplus after Tax
53, 954.86 Crores​
Govt. Share @ 5%​
2, 697.74 Crores​
95% to be distributed among Policyholders
(Investment by Govt in LIC in 1956 is Rs. 5.00 Crores only)
50, 554.06 Crores
Total Number of Policies in force-Individual (More than Population of Many Countries)
28.92 Crores
Total Premium Income (The daily collection of Corporation is Rs. 1038 Crores)

3, 79,062 Crores

Total Payment to Policyholders
2,54, 222 Crores
Total Gross Income for the year
6,15,882 Crores
Total Number of Claims Settled
2,15,98,000 Crores
Total Amount paid towards claims
1,59,770 Crores
Percentage of Death Claim Paid
95.44 %
Percentage of Maturity Claims Paid
87.66 %

First Year Premium Income

1,77, 977 Crores

Total Life Fund

31,14,496 Crores

Total Assets of Corporation

31,96,214 Crores

Investment in Govt/Infra/Social Sector

24,01,457 Crores

LIC’s Market Share as on 31/03/2020

68.74% on Premium

LIC’s Market Share as on 31/03/2020
(Remaining 23 private companies Market share: 31.26% on premium and 24.10% on policies)
68.74% on Premium
75.90 % on Policies