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More than 20 plans to choose from Tell me more

Participating Endowment Plan (PEN)

Most popular and simple savings. Ideal combination of life cover, liquidity and investments.

Participating Marriage/ Education Plan (PME)

Designed to provide for expenses of education and marriage of children along with life cover

Jeevan Anand (JA)

Unique Combination of Endowment and whole life with provision of payment of Sum Assured, twice.

Professional Educational Plan (PEP)

Ideal plan to provide for future expense of education and start in life of children

Deferred annuity plan with or without life cover

A very unique plan unlikely to be available with any other institution which provides for pension throughout life.

Silver Anniversary Health Insurance(SAHI)

Unique combination of savings, health insurance and flexibility

(Health Wealth & Happiness)

Pure Term Assurance(PTA)

Ideal for those who look for pure life risk at a lower premium

Popular Plans

On 4th February 2024, Gulf Madhyamam Published a News Article on LIC (International)’s Positive Rating (B) by AM Best.

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The international rating agency, AM Best affirms the rating of one of  the leading life insurance companies in Bahrain, Life Insurance Corporation (International) B.S.C. (c), an offshore subsidiary of the insurance behemoth, Life Insurance Corporation of India. LIC (international) has received a Financial Strength Rating of “B” (Fair) and Long Term Issuer Credit Rating of “bb” (Fair), both while retaining a stable outlook.

The rating reflects the strength of LIC (international) balance sheet which is evaluated as Strong.  However, volatility in company’s capital adequacy and its high level of sensitivity to financial markets remain offsetting factors to its balance sheet strength. Moreover, AM Best expects the company’s prospective capital adequacy to demonstrate greater resilience post the capital injection from its parent company, Life Insurance Corporation of India (LIC of India), and internal capital generation.

Company’s strategic objective is oriented towards strengthening the risk-adjusted capitalization through less capital-intensive business, such as unit-linked insurance products (ULIP). The rating indicates a fair ability of the Company to meet the ongoing insurance obligations. However, financial strength is vulnerable to adverse changes in underwriting and economic conditions.

During the period of five years from 2018 to 2022, the weighted average return on equity (ROE) of the company was -9.8%. The ROE is negatively skewed by the significant loss incurred in 2022. However, the new strategies implemented by the company for a turnaround has led to achieving ROE of 5.7% in 9 months till Q3 of 2023.

LIC International’s Chief Executive Officer, Mr. Debashis Prasad Pattanaik said:  “We are delighted at the affirmation of rating by AM Best, the International Rating Agency which serves as a testament to strategic measures adopted by the company in improving the capital adequacy.  Company is confident to post a positive operational result as at Dec 2023, which will enable the Company to enhance the discretionary bonus to its policyholders. Besides, the company with its brand equity, proven track record and avowed customer service, and with its new strategies and long-term vision is confident of charting a higher growth path, going forward.

To conclude, LIC International is poised to meet the customer and other stakeholders’ expectations through product innovation, operational digitalization, exploring newer business opportunities and well-researched insurance solutions: aiming to become the ultimate ‘life insurer of choice’ for the insuring public.”

On 4th February 2024, The Daily Tribune Published a News Article on LIC (International)’s Positive Rating (B) by AM Best.

By | Uncategorized | No Comments

The international rating agency, AM Best affirms the rating of one of  the leading life insurance companies in Bahrain, Life Insurance Corporation (International) B.S.C. (c), an offshore subsidiary of the insurance behemoth, Life Insurance Corporation of India. LIC (international) has received a Financial Strength Rating of “B” (Fair) and Long Term Issuer Credit Rating of “bb” (Fair), both while retaining a stable outlook.

The rating reflects the strength of LIC (international) balance sheet which is evaluated as Strong.  However, volatility in company’s capital adequacy and its high level of sensitivity to financial markets remain offsetting factors to its balance sheet strength. Moreover, AM Best expects the company’s prospective capital adequacy to demonstrate greater resilience post the capital injection from its parent company, Life Insurance Corporation of India (LIC of India), and internal capital generation.

Company’s strategic objective is oriented towards strengthening the risk-adjusted capitalization through less capital-intensive business, such as unit-linked insurance products (ULIP). The rating indicates a fair ability of the Company to meet the ongoing insurance obligations. However, financial strength is vulnerable to adverse changes in underwriting and economic conditions.

During the period of five years from 2018 to 2022, the weighted average return on equity (ROE) of the company was -9.8%. The ROE is negatively skewed by the significant loss incurred in 2022. However, the new strategies implemented by the company for a turnaround has led to achieving ROE of 5.7% in 9 months till Q3 of 2023.

LIC International’s Chief Executive Officer, Mr. Debashis Prasad Pattanaik said:  “We are delighted at the affirmation of rating by AM Best, the International Rating Agency which serves as a testament to strategic measures adopted by the company in improving the capital adequacy.  Company is confident to post a positive operational result as at Dec 2023, which will enable the Company to enhance the discretionary bonus to its policyholders. Besides, the company with its brand equity, proven track record and avowed customer service, and with its new strategies and long-term vision is confident of charting a higher growth path, going forward.

To conclude, LIC International is poised to meet the customer and other stakeholders’ expectations through product innovation, operational digitalization, exploring newer business opportunities and well-researched insurance solutions: aiming to become the ultimate ‘life insurer of choice’ for the insuring public.”

For the Article visit: https://www.newsofbahrain.com/business/96642.html

On 4th February 2024, GDN Published a News Article on LIC (International)’s Positive Rating (B) by AM Best.

By | Uncategorized | No Comments

The international rating agency, AM Best affirms the rating of one of  the leading life insurance companies in Bahrain, Life Insurance Corporation (International) B.S.C. (c), an offshore subsidiary of the insurance behemoth, Life Insurance Corporation of India. LIC (international) has received a Financial Strength Rating of “B” (Fair) and Long Term Issuer Credit Rating of “bb” (Fair), both while retaining a stable outlook.

The rating reflects the strength of LIC (international) balance sheet which is evaluated as Strong.  However, volatility in company’s capital adequacy and its high level of sensitivity to financial markets remain offsetting factors to its balance sheet strength. Moreover, AM Best expects the company’s prospective capital adequacy to demonstrate greater resilience post the capital injection from its parent company, Life Insurance Corporation of India (LIC of India), and internal capital generation.

Company’s strategic objective is oriented towards strengthening the risk-adjusted capitalization through less capital-intensive business, such as unit-linked insurance products (ULIP). The rating indicates a fair ability of the Company to meet the ongoing insurance obligations. However, financial strength is vulnerable to adverse changes in underwriting and economic conditions.

During the period of five years from 2018 to 2022, the weighted average return on equity (ROE) of the company was -9.8%. The ROE is negatively skewed by the significant loss incurred in 2022. However, the new strategies implemented by the company for a turnaround has led to achieving ROE of 5.7% in 9 months till Q3 of 2023.

LIC International’s Chief Executive Officer, Mr. Debashis Prasad Pattanaik said:  “We are delighted at the affirmation of rating by AM Best, the International Rating Agency which serves as a testament to strategic measures adopted by the company in improving the capital adequacy.  Company is confident to post a positive operational result as at Dec 2023, which will enable the Company to enhance the discretionary bonus to its policyholders. Besides, the company with its brand equity, proven track record and avowed customer service, and with its new strategies and long-term vision is confident of charting a higher growth path, going forward.

To conclude, LIC International is poised to meet the customer and other stakeholders’ expectations through product innovation, operational digitalization, exploring newer business opportunities and well-researched insurance solutions: aiming to become the ultimate ‘life insurer of choice’ for the insuring public.”

For the Article visit: https://www.gdnonline.com/Details/1302206

LIC (International) Launches DIGI Life: End to End Digital Customer Onboarding Application for Marketing Agents

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DIGI Life was officially launched on 23rd of November 2023 by Chairperson of LIC of India, Managing Director of LIC of India, Independent Directors of LIC (International)’s Board, Executive Director of International Operations of LIC of India, CEO & Executive Director of LIC (International) and other Senior Officials of LIC (International).

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of Excellence

MEET OUR DIRECTORS

Mr. Siddhartha Mohanty

Mr. Siddhartha Mohanty

ِChairman

Chairperson of Life Insurance Corporation of India and Chairman on the Board of LIC (International) B.S.C (C)

Mr. M. Jagannath

Mr. M. Jagannath

Deputy Chairman

Managing Director of Life Insurance Corporation of India and Deputy Chairman on the Board of LIC (International) BSC (c)

Mr. Abdulrahman Alwazzan

Mr. Abdulrahman Alwazzan

Director

Director of M/S International Agencies Co. Ltd. ( Intercol), Bahrain and Director on the Board of LIC (International) B.S.C (C)

Mr. Thomas Mathew T.

Mr. Thomas Mathew T.

Director

Independent Director on the Board of LIC (International) B.S.C (C)

Mr. V. Chandrasekaran

Mr. V. Chandrasekaran

Director

Independent Director on the Board of LIC (International) B.S.C (C).

Mr. D.P. Pattanaik

Mr. D.P. Pattanaik

CEO & ED

CEO and Executive Director of LIC (International) B.S.C (C) and Director on the Board of LIC (International) B.S.C (C).)

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About Us

LIC (International) B.S.C.(C) is an offshore subsidiary of Life Insurance Corporation of India, an organization wholly owned by  Govt. of India. LIC (International) BSC (C ) incorporated in the Kingdom of Bahrain ( C.R No. – 21606 ) and licensed by the Central Bank of Bahrain as a Life Insurance Company. The paid up capital of the Company is US$ 173.12 million (BD 65,439,300).

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NAV (as on 30/11/2023)

Fortune Builder (Launched on 06/07/2008)
Secured Fund                      : 10.8254
Balanced Fund                    : 16.3242
Growth Fund                       : 20.1248

Fortune Builder New (Launched on 04/10/2010)
Global Opportunities Fund : 12.9490

Gold Plus(Launched on 22/05/2011)
Gold ETF                               : 10.8772

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