Patna, Oct. 20: Life Insurance Corporation of India (LIC) chairman D.K. Mehrotra has said the organisation’s long-term aim is to make every citizen financially secure by providing “a policy in every pocket”.
“A policy in every pocket is the Vision 2020 of LIC. We are determined to make every Indian financially secure in terms of life, health insurance and annuity. We will have a timeframe to achieve the target,” he said.
Mehrotra announced this yesterday while reviewing the performance of LIC’s east-central zone at a conference of senior divisional managers of Bihar, Jharkhand and Odisha. He said: “The LIC’s journey towards vision 2020 is like a relay race — the baton would get passed on as years change but the run must continue.”
Mehrotra, who took charge of the country’s leading financial institution on May 31, 2012, had joined the corporation as a direct recruit officer in 1977 at its Jamshedpur division.