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K'pur: Local LIC Agent Creates Record by Selling Single Policy of Rs 63 Cr

  •   Tue, Jun 23 2009 07:32:15 PM

from Vinay Pais
Daijiworld Media Network – Kundapur (RD/SP)
 
Kundapur, Jun 23: Narayan Shetty, a native of Idooru - Kinnjadi Kolta village, near here and a LIC agent working in Gujarat’s industrial city Vapi, achieved a record by selling a single policy for Rs 63 crore.  He was the first and the only corporate club member from among the 12,000 agents of 21 branches under Surat division, Gujarat. 
 
Narayan Shetty had participated in MDRT conference in USA 11 times.  He has toured countries such as Canada, Egypt and UAE, and all these visits were sponsored by LIC and during the tours, he shared his business acumen with the professionals in his field. 
 
Narayan Shetty had established Kannada Sangh in Gujarat and made Kannadigas proud.
 
Prakash Shetty was present during the press meet convened here to share Shetty's achievements.

  

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Comment on this article

  • pinto, mangalore

    Wed, Jun 24 2009

    Amazing!Being a LIC agent from the last few years.I too can check it if full details are given otherwise i too have very much DOUBT.

    DisAgree Agree Reply Report Abuse

  • Felix B. D''souza, shirva Udupi

    Wed, Jun 24 2009

    Mr. Santosh,please see brief History of Life Insurence of India.in www.licindia.com .and please know that,LIC has sovereign gaurantee from Central govt. of India. LIC is an ocean

    DisAgree Agree Reply Report Abuse

  • Najam Batrekere, Bajpe

    Wed, Jun 24 2009

    Santosh-Udupi Do you know or ever heard that LIC paid fully/partly to the insurer ?! LIC / INSURANCE (in general) " MUNGERI LAL KAY HASEEN SAPNEY !"

    DisAgree Agree Reply Report Abuse

  • c ferrer, mangalore

    Wed, Jun 24 2009

    LIC is out to make money only- they should be there for the common man- insuring one person for 63 crores is flaunting of wealth- it will be interesting to know what the age of the insured is what the annual premium to the LIC will be and what all precautions have been taken by the LIC prior to insuring the person.With a policy such as this, surely LIC would have done reinsurance to cover themselves in case of a claim.

    Well LIC should have a limit on the largest policy they offer because it is an organisation of the Govt for the common man not the filthy rich. Covering a person is easy the problem arises when making payment in case of a claim.

    DisAgree Agree Reply Report Abuse

  • Santosh, Udupi / Bahrain

    Tue, Jun 23 2009

    LIC will have to shut down if they have to pay this money - god forbid if something goes wrong

    DisAgree Agree Reply Report Abuse


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Title: K'pur: Local LIC Agent Creates Record by Selling Single Policy of Rs 63 Cr



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