About us
OUR VISION
Build a strong professional marketing Team committed to provide life insurance solutions to clients with reasonable returns. Leverage Information Technology and Teams’ commitment of care and concern to set highest standards of service.
OUR MISSION
To enhance the quality of life of the insuring population through financial security by providing products and services to suit their needs.
COMPANY AT A GLANCE
LIC (International) BSC (C) came into existence on the 20th of July, 1989 in the Kingdom of Bahrain in partnership with International Agencies Co. Ltd. (Intercol), with the objective of providing life insurance cover to the Indian Diaspora in GCC countries. The journey of LIC (International) BSC (C) in the past 34 years is an exemplary story of sharing and fulfilling dreams and prosperity of thousands of NRIs. The Company operates in 4 GCC countries: Bahrain, UAE (Dubai and Abu Dhabi), Kuwait & Qatar.
LIC (Int’l) enjoys a niche market position targeting Indian expatriate communities within the GCC countries. However, the Company got license to sell life insurance products to residents of any nationality in few markets. The Company continues to deliver growth across all these countries leveraging the well-known Indian brand.
Starting its operations with USD 0.245 million of asset base, it has grown to more than a Billion-Dollar company today. The Company has been the market leader in life insurance / long-term business in Kingdom of Bahrain for past many years.
AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Life Insurance Corporation (International) B.S.C. (c), Bahrain. The outlook of these Credit Ratings is stable.
LIC (Int’l) has bagged number of awards and accolades including the prestigious MEIF 2012 from Central Bank of Bahrain, for its innovative products and customer service and Excellence in Insurance Dispute Resolution for Year 2020 by Insurance Authority, UAE. The Company has always lived up to the trust of its customers by delivering on its promises through product innovation, excellent customer service and adoption.
Its parent company, the state-owned Life Insurance Corporation (LIC) of India, stands as the premier and most robust life insurance provider in the nation, consistently upholding its status as the market leader in the Indian life insurance sector.
Board of Directors
OUR PRODUCTS - OUR PRIDE
The huge and wide range of products have been designed in a way to cater to the special need of a customer from any segment- life cover, attractive return, liquidity, provision for children’s education/marriage, health coverage or pension.
The company also has a group insurance plan suitable for organizations/ establishments and associations.
Through an agreement with the parent company i.e. LIC of India, the company offers unique advantage to its policy holders in a shape of portability of policies to India, if opted for.
Chief Agents
Bancassurance Partners
