courtsey- IndiaTv
Life Insurance Corporation of India had issued a public alert on the use of logo in an unauthorized manner. LIC said that its logo cannot be used on any website, publishing material and digital post without any prior permission. If anyone tries to use the logo with the permission of the IPO-bound firm then strict legal action will be taken.
Earlier LIC tweeted on twitter that, “LIC Public Alerts – Unauthorized use of LIC’s Logo. LIC logos can not be used in any website, publishing material and digital post. Strict legal action – civil and criminal – will be taken against such person.”
As mentioned in India.com, “the company had collected the highest ever new business premium of Rs 1.84 lakh crore in the financial year 2020-21, on the other hand it said that there’s a renewed interest in insurance amid the COVID-19 pandemic.”
LIC’s market share in the insurance segment is around 81.04 in March 2021 in terms of the number of policies while it was 74.58 per cent for the full last financial year.
The company’s pension and group schemes are vertical and also performing with us. The segment took its highest ever new business premium income of Rs 1.27 lakh crore in the last financial year that ended on March 31, 2020.