LIC`s Udupi division launches satellite office
Processing of new proposals and collection of renewal premium are main functions of these offices, she said.
The branch opened here today is the fourth in the Division, which is attached to Mangalore-I Branch and LIC is planning two more satellite offices shortly in Byndoor in Udupi and another at Sullia in Dakshina Kannada districts respectively, she added.
The Division which has twenty lakh policy holders has issued over three lakh policies, collected Rs 313 crore premium and has settled claims worth Rs 171.53 crore amount she informed.