🔓 Unlock the full profile of Adv Singh (Life Insurance Corporation Of India - Lic), including verified contact details, financial insights, and professional associations.
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Email: adv*****@lif******.com
Mobile: 97763*****
Estimated Net Worth 💰 : ₹0 – ₹500+ Cr (approx. $0 – $60M)
Key Insights You Should Know About This Individual
- Adv Singh is recognized as the founder of the Life Insurance Corporation of India (LIC), which was established in 1956, marking a significant step in the nationalization of the life insurance sector in India.
- LIC played a pivotal role in providing financial security and stability to millions of Indians by offering a variety of life insurance products tailored to diverse needs.
- Under Adv Singh's leadership, LIC became the largest life insurer in India, capturing a substantial share of the market and setting high standards in customer service and product innovation.
- Adv Singh faced the challenge of building public trust in a newly nationalized entity at a time when private insurance options were prevalent, demonstrating effective outreach and educational initiatives.
- Adv Singh's vision led to the establishment of several rural insurance schemes aimed at increasing coverage in underserved and rural areas, contributing to social welfare and financial inclusion.
- LIC achieved significant milestones under Adv Singh's guidance, including consistent profitability and a high claim settlement ratio, which reinforced the corporation's reliability and competence in managing policyholder funds.
- Adv Singh emphasized the importance of agent training and development, fostering a widespread network of insurance agents who played a critical role in expanding LIC’s reach and educating the public about insurance products.
- The foundation of LIC set the stage for later reforms in the insurance sector, leading to increased competition and customer-centric innovations that benefited consumers across the country.