LIC : Life Insurance Corporation of India
Organizational
LIC stands for "Life Insurance Corporation of India"
LIC represents the Life Insurance Corporation of India. It is a public area organization in India that for the most part manages disaster protection items and speculation plans. Its aphorism is "Yogakshemam Vahamyaham" which signifies "your government assistance is our obligation".
It was set up in 1956 when the Parliament of India passed the Life Insurance of India Act. This demonstration blended and nationalized around 245 private insurance agencies and opportune social orders to make a state-claimed Life Insurance Corporation.
Today, LIC is the biggest life coverage organization in India. It is settled in Mumbai, India. It has 8 zonal workplaces, 113 divisional workplaces, and over 2000 branches. It likewise has more than 14 lakh LIC-specialists to advance its protection business in the nation.
According to the Economic Times Brand Equity overview of 2012, the LIC was at the 6th situation in the rundown of most believed administration brands of India. It has won different honors, for example, MEIF institutional Excellence Award 2012, Golden Peacock Innovative Product/Services Award 2011.
LIC Products
It offers different items that incorporate disaster protection approaches, reserve funds, and venture items. A portion of the mainstream LIC items/plans dispatched in 2016-2017 are given beneath;
- LIC Bima Diamond Plan
- LIC Jeevan Pragati
- LIC Jeevan Shikhar Plan
- LIC Jeevan Labh Plan
Suggestions:
| Acronym | Full Form |
|---|---|
| ITC | Indian Tobacco Company |
| ITC | International Trade Center |
| BPL | British Physical Laboratories Group |
| CST | Chhatrapati Shivaji Terminus |
| CTS | Cognizant Technology Solutions |
| AAI | Airport Authority of India |
| ABP News | Ananda Baazar Patrika News |
| ACC | Associated Cement Companies |
| ACS | American Chemical Society |
| ADIDAS | Adolf "Adi" Dassler |
| AHRC | Asian Human Rights Commission |
| AIAAA | American Institute of Aeronautics and Astronautics |
| AMC | American Motors Corporation |
| AMUL | Anand Milk Union Limited |
| AMW | Asian Motors Works Limited |
| AT&T | American Telephone & Telegraph Company |
| AYUSH | Ayurvedic, Yoga, and Naturopathy, Unani, Siddha, and Homeopathy |
| BARC | Baba Atomic Research Center |
| BBC | British Broadcasting Corporation |
| BCCI | Board of Control for Cricket in India |
| BIFR | Board of Industrial and Financial Reconstruction |
| BIS | Bureau of Indian Standards |
| BMW | Bayerische Motoren Werke |
| BPO | Business Process Outsourcing |
| CBSE | Central Board of Secondary Education |
| CEO | Chief Executive Officer |
| CID | Crime Investigation Department |
| CISF | Central Industrial Security Force |
| CRISIL | Credit Rating Information Services of India Limited |
| WWF | World Wide Fund for Nature |
| WWF | World Wrestling Federation |
| WIPRO | Western India Products |
| CRPF | Central Reserve Police Force |
| DHL | Dalsey Hillblom Lynn |
| DIG | Deputy Inspector General |
| DLF | Delhi Land and Finance |
| DRDO | Defence Research and Development Organization |
| DS Group | Dharampal Satyapal Group |
| DST | Department of Science & Technology |
| DVC | Damodar Valley Corporation |
| EPFO | Employee Provident Fund Organization |
| ERP | Enterprise Resource Planning |
| FBI | Federal Bureau of Investigation |
| FCI | Food Corporation of India |
| Global Organization of Oriented Group Language of Earth | |
| FIFA | Federation Internationale de Football Association |
| LG | Lucky Goldstar |
| OEM | Original Equipment Manufacturer |
| FMCG | Fast-Moving Consumer Goods |
| FSSAI | Food Safety and Standards Authority of India |
| GAIL | Gas Authority of India Limited |
| HP | Hewlett-Packard |
| HUDCO | Housing and Urban Development Corporation Limited |
| IATA | International Air Transport Association |
| IB | Intelligence Bureau |
| IBM | International Business Machines |
| IBPS | Institute of Banking Personnel Selection |
| ICWA | Indian Child Welfare Act |
| ICWA | Institute of Cost and Works Accountants of India |
| IEEE | Institute of Electrical and Electronics Engineers |
| IFFCO | Indian Farmers Fertilizer Cooperative Limited |
| IIFL | India Infoline Finance Limited |
| IIT | Indian Institute of Technology |
| WEF | World Economic Forum |
| USSR | Union of Soviet Socialist Republics |
| UNICEF | United Nations Children's Fund |
| UGC | University Grants Commission |
| TOI | Times of India |
| TAFE | Tractors and Farm Equipment |
| SWAT | Special Weapons and Tactics |
| SOS | Save Our Souls |
| SAP | systems, applications, and products |
| RAW | Research and Analysis Wing |
| PVR | Priya Village Roadshow |
| ONGC | Oil and Natural Gas Corporation |
| NTPC | National Thermal Power Corporation |
| NSDL | National Securities Depository Limited |
| NDTV | New Delhi Television |
| NCERT | National Council of Educational Research and Training |
| NCC | National Cadet Corps |
| NATO | North Atlantic Treaty Organization |
| NASA | National Aeronautics and Space Administration |
| NABARD | National Bank for Agriculture and Rural Development |
| NAAC | National Assessment and Accreditation Council |
| MTNL | Mahanagar Telephone Nigam Limited |
| MPEG | Moving Picture Experts Group |
| L&T | Larsen and Toubro |
| KRA | Key Result Area/Key Responsibility Area |
| KPMG | KLYNVELD PEAT MARWICK GOERDELER |
| KFC | Kentucky Fried Chicken |
| KEI | Krishna Electricals Industries Limited |
| JK Tyres | Juggilal Kamlapat Ji Tyres |
| JBL | James Bullough Lansing |
| ITI | Industrial Training Institute |
| ISRO | Indian Space Research Organization |
| ISO | International Organization for Standardization |
| ISI | Indian Standards Institute |
| IRCTC | Indian Railways Catering and Tourism Corporation |
| IPI | International Press Institute |
| IPCC | Integrated Professional Competence Course |
| IOC | International Olympic Committee |
| IMA | Indian Military Academy |
| IMA | Indian Medical Association |
| IL&FS | Infrastructure Leasing & Financial Services |
| NCRTC | National Capital Region Transport Corporation |
| UPI | United Press International |
| UIDAI | Unique Identification Authority of India |
| PPP | Public-Private Partnership |
| ANM | Auxiliary Nurse Midwife |
| ASEAN | Association of Southeast Asian Nations |
| KPO | Knowledge Process Outsourcing |
| POS | Point Of Sale |
| CCC | Civilian Conservation Corps |
| SOP | Standard Operating Procedure |
| CFO | Chief Financial Officer |
| PMF | Presidential Management Fellows Program |
| IRDP | Integrated Rural Development Programme |
| PFMS | Public Financial Management System |
| CMS | Centers for Medicare and Medicaid Services |
| CFT | Combating the Financing of Terrorism |
| AIIMS | All India Institute of Medical Science |
| BRICS | Brazil, Russia, India, China and South Africa |