State owned public sector life insurance corporation.Largest financial institution &life insurance organization in India.
Central office in Mumbai ,with 8 Zonal offices,109 divisional offices,2048 fully computerised branches and to serve rural people LIC now opened 992 satelite offices in rural areas .
Hisrory:245 Indian and foreign insurers and provident societies are taken over by the central government and nationalised. LIC formed by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs. 5 crore from the Government of India.
The Parliament of India passed the Life Insurance Corporation Act on the 19th of June 1956, and the Life Insurance Corporation of India was created on 1st September, 1956.
On 1st of September 1956, The Life Insurance Corporation of India ( LIC ) embarked upon its momentous journey in true spirit of serving the people and nation as a whole. Since then it has spearheaded the financial and infrastructure development of the nation. The performance of LIC has been exemplary and it has been growing from strength to strength be it customer base, agency network, branch office network, and the like. LIC has played a significant role in spreading life insurance among the masses and mobilization of people’s money for people’s welfare. Even after the entry of private insurers for almost a decade now, LIC continues to be the front runner in the industry in terms of market share.
Mission: "A trans-nationally competitive financial conglomerate of significance to societies and Pride of India."
Products:We have in our basket more than 40 different plans catering to the differing needs of different segments of the society – basic insurance plans (whole life, endowment and money back), Term Assurance Plans, Pension Plans, Capital Market linked Plans, Health Plan etc.
Sampath Bank PLC, incorporated in Sri Lanka in 1986, is a licensed commercial bank regulated by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange.
Guided by Sri Lankan values and a commitment to excellence, Sampath Bank has earned the trust of individuals, businesses, and communities as a reliable financial partner. The Bank offers a comprehensive portfolio of services, including Personal Banking, Corporate Banking, Transaction Banking, Private Banking, SME Banking, Investment Solutions, and Digital Banking.
Driven by its purpose of empowering dreams and enriching lives, Sampath Bank unlocks financial potential through innovation, integrity, and empathy, while contributing to sustainable growth and the nation’s economic progress. With a network of 230 branches, more than 450 ATMs, and robust digital banking platforms, the Bank continues to make financial services accessible and convenient for customers across Sri Lanka.
Committed to the highest standards of ethics and governance, Sampath Bank continues to foster a culture of learning, embrace innovation, and deliver lasting value to its customers, shareholders, employees, and the communities it serves.
The Bank with a Heart
The Bank that is Just, Fair and Consistent
Vision Statement
To be Sri Lanka's leading financial services provider - as recognized by all our stake holders.
Mission Statement
We provide our Customers with financial services that meets their needs in terms of value, pricing, delivery and service
We will do so through a team of Seylan Bankers who are recognized and rewarded for results orientation
We will ensure that our efforts translate to meeting the expectations of our shareholders, whilst always acting as responsible corporate citizens