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LIC growth plan

Patna, Oct. 20: Life Insurance Corporation of India (LIC) chairman D.K. Mehrotra has said the organisationís long-term aim is to make every citizen financially secure by providing ďa policy in every pocketĒ.

ďA 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,Ē he said.

Mehrotra announced this yesterday while reviewing the performance of LICís east-central zone at a conference of senior divisional managers of Bihar, Jharkhand and Odisha. He said: ďThe LICís journey towards vision 2020 is like a relay race ó the baton would get passed on as years change but the run must continue.Ē

Mehrotra, who took charge of the countryís leading financial institution on May 31, 2012, had joined the corporation as a direct recruit officer in 1977 at its Jamshedpur division.