How LIC's Agents Changed India FOREVER turning it into a 22 Lakh Crore Company ? : LIC Case Study

[@abhishekulayil1930]

I feel the actuaries who worked behind the scenes for LIC also deserve great respect for their contributions, without them it would never have been possible.

[@96aditishah]

Good to see that people are now finally aware of what we actuaries do!

[@maheshsharma4968]

@@96aditishah are you a fellow member of IAI ?

[@96aditishah]

@@maheshsharma4968 yes. You too?

[@maheshsharma4968]

@@96aditishah No! I am an LIC employee. One of my friend is preparing for Actuarial exams that's why I know its very tought to become an Actuary. You must have worked really hard to reach where you are! Congrats

[@GauravDhandhukia]

क्या ये एक्यूरीज कभी बताएंगे की आपके प्रीमियम की कितनी रकम इंश्योरेंस पे जाति है और कितनी इन्वेस्टमेंट पे?

[@AkashKumar-vc4nt]

One of the reason for LIC was earlier there was no term insurance,LIC product was like Fixed deposit with insurance cover for common man,and at that time interest rate was also above 12℅ which was huge,so peoples were investing in LIC as there savings tool and if something happens it also acts as Insurance.

[@sarthakjoshi9824]

Also inflation was 10 12 % at that time 😂

[@AkashKumar-vc4nt]

@@sarthakjoshi9824 today also according to govt. Data inflation is 6% but in reality if inflation would be calculated it would cross 10%, intresting think is that you don't have to calculate just ask a common middle class about inflation and he will explain you everything.

[@007_Sun_Tzu]

@@sarthakjoshi9824 its the same all along ..dont go by stats...its always manipulated...just look at it this way...how money loses power overtime.....100rs 10 yrs ago could buy what and what it buys now

[@nandini72827]

@@AkashKumar-vc4nt idk which country's middle class UR a part of . And the major cause of inflation isn't even Modi's fault it's geopolitical tensions . So please go drown

[@nandini72827]

@@007_Sun_Tzu so what would you like ? Deflation ? Is that what u want ?

[@The_Indian_Stockmarket]

My father was LIC agent and I used to go with my dad to every house of rural area near by me, this video reminded that moments.

[@baijubahuleyan6204]

Your father was a building block to our nation.

[@FilesdocumentsAndreposit-kr3vb]

*those

[@akshaypendyala]

This is the problem with legacy companies , they have reach, the capital and experience but fail to mould themselves with respect to modern technology!

[@sagarkulkarni2590]

They easily can Simply acquire tech co

[@akshaypendyala]

@@sagarkulkarni2590 but they don’t, because they think what they are doing is better!

[@indianchannel1391]

@@sagarkulkarni2590 if that is the case, they shpuld have done by now. They are lazy and wont do anything.

[@vikranttyagiRN]

They would go extinct which is better for us.

[@starkfuture1057]

@@sagarkulkarni2590 nope. They are standing still and watching the world go by. Online policies with low margins is where the bread is at.

[@hardikpatel3272]

I am an lic agent and I am very happy to see this video thanks to make the video 👍👍👍👍👍

[@ThinkSchool]

Do share it with your LIC friends :)

[@urvashipandey530]

@@ThinkSchool my father is also an LIC agent😁

[@kumarvivek1866]

@@ThinkSchool my father is an lic agent too and he is MDRT now.

[@umanadkarni7647]

Thank you Thinkschoo for the information. I am an ex employee of the Corporation and am very well aware of the scenario. The best part, as you said, was settlement of claims, be it death or otherwise, swift and without any corruption. Huge amounts are settled promptly and with least paperwork. Here the agents come to the rescue of the grieving family. So, at least in rural or semi urban population, agent is the link or the face of the Corporation. There are a number of cases wherein the original agent is either dead or not reachable, in such cases, some other agent goes to help, without earning a single rupee. Its very difficult in this current situation where people compare insurance with stock market for profit making. So, though, LIC has thought about direct marketing or online marketing as congruent channels for marketing, agents become the basic pillars for business. As nation builder, LIC plays a major role but is always underplayed, as this isn't given the publicity that is needed. We were always told that this was WIDOWS' MONEY. So, though, best service was expected which was prompt and corruption free, basic amneties weren't provided to the employees. With the advent of foreign players, LIC stood tall with maintaining their market share with the help of employees and field staff. LIC changed its face and had new customer friendly offices. As you said correctly, there is no profit as such. But the surplus is efficiently managed. So the mechanism, even if it is not a private sector, is oiled properly. There will still be a need for new marketing strategies in the years to come. I believe that the best is yet to come. Thank you so much, once again, for the time and efforts put into this vdo. Keep rocking Thinkschool

[@kunalanand4781]

Thank you for mentioning this.

[@debjitpaul8580]

My dad is a D.O in LIC. I'm so glad because of the IPO, people are appreciating their effort now :) Our generation is more attracted towards private jobs in IT sector bcoz the money is good but there's a sense of pride my dad has in his job that I'll never get.

[@hrisikeshbhattacharya5467]

There is a sense of pride even in private sector. Private companies like Wipro, Infosys, Mahindra, etc created more jobs in 10 years compared to the government in the last 70 years

[@debjitpaul8580]

@@hrisikeshbhattacharya5467 You're proud because the company you work for creates jobs? And that is somehow comparable to securing a poor family's future with life insurance? Please no more dumb reply, just go away!

[@astrax14x]

@@debjitpaul8580 your reply is bullsh!t. The taxpayers money was looping in back then

[@LearnbyLogic]

​​@@hrisikeshbhattacharya5467ore layoffs as well by Pvt companies 😂...

[@swagatdas9320]

Thanks for everything you're doing!

[@siuuuu5234]

₹40.00?

[@n1rupam]

@@siuuuu5234 40>0

[@kg3217]

@@siuuuu5234 Donate kiya hai unhone

[@stocker4321]

But Google keeps 30% of this money😢

[@jigsaw2281]

Government budget in 2022 2023 is 585 billion dollars dumbo...Stop spreading fake knowledge.. Educate yourself first...Kahan kahan s ajate h gyan dene

[@beingmyself147]

I didn't get why So many youtubers Promoting angel ,upstocks etc..by highlighting LIC I thought what is special in that Every company Listed in Market when they need But after watching this video ,I realised that LIC value .... Tq LIC Note:I'm A think schooler from 1 years and following every case Study

[@johnthomas5090]

LIC had investments in 280 companies, it's more like a index fund. But, buy an index fund rather than via LIC. LIC is facing challenges in tech led disruption, adhoc govt intervention in proping up unviable PSUs like IDBI. The quality of the management is questionable too: LIC board member on ICICI board never raised any objections when loans were sanctioned to Videocon group in favor of kickbacks. This is one company that doesn't know to protect its own investments

[@varunprakash6207]

LIC - Life Insurance company of India 1september 1956 Building 🏢 The Nation 👍combination of Private insurance company The largest insurance investors The pillar of Growth by LIC Agents they reach knock and corners of country from urban to rural area and LIC investment on Government Project and Development infrastructure of India Think school 🏫 Explore LIC india from 1956 - 2022 The Growth of LIC stands out of competition through its policy and Agents reach in and around country 👍 Thank U Ganesh Anna Exploring LIC india in future it is IPO India to collect money 💸 by investing stock market decision by Govt of India 👍

[@mukuljoshi944]

Could you please make a case study on Downfall of BSNL. I still feel it is one of the best telecom company in India, but is stripped off of its services strategically by some elements of the Government and Private sector players. It is a slow killing of a giant.

[@bravewarrior1218]

BSNL. I am of the opinion, that it is not any Government but Trade Unionism, work culture and corruption at all levels, which has destroyed BSNL and many other PSUs. Both employees and officers are responsible. I am not saying that there are no dedicated officials in BSNL, but I am telling that general work culture in a PSU is unprofessional. A Govt servant does not think that he is a servant of the people but he thinks that he is the master of the people. BSNL had great opportunity to serve the country and also employee get good salary but have wasted this opportunity. I am not telling that Govt policies are not responsible, but if employees could give very good result, no Private Company could replace BSNL. One cause of unprofitability is huge staff and salary expenses but Unions will never accept staff restructuring. Importance of Unions will decrease there only few thousand employees. Now there are about 1.5 lakh employees. Now, only total restructuring and professionalism can save BSNL.

[@ketunky3056]

Because 4 g was not given to bsnl. Who will buy their sim

[@ketunky3056]

@@shortz9976 ha chal apna kaam kar

[@daanush468]

A close friend of mine worked in BSNL and often complained about how inefficient the company and unskilled the employees were. You give people the security that comes with a government job, it's likely to happen.

[@udaykumarreddy4175]

Government has no business in doing business

[@raghunathpatra360]

LIC agent in my village started with bycycle door to door , now he owns 3 cars and donates at least 3 lakhs every year for village cultural program.

[@CodehanCodes]

The reason LIC agents annoy people so much to get a policy is because of the lucrative commission that they get. Just to give you an idea say I pay a premium of 1lk per year to LIC and the term is 15 years the agent get 25% of the premium paid as commission in the first year, 15%(7.5% each year) for 2nd & 3rd year, 5% every year until the 15th year. Technically I will pay 15lks in premium to LIC over 15 years and LIC pays almost 1lks in commissions over 15 years. The agent job is just to find clients and convince them and do the paperwork which might take a week but look at the returns, its huge. Here I have given an example of just 1lk premium paid per year, in a year if they manage to get aleast 10lks in premium paid to LIC the return is 10lks. This is where LIC is losing most of the money, if LIC manages to cut off agents and move online completely then it will be a monopoly for years to come.

[@ashwatthama4075]

You are correct, but you must understand most people in India especially Tier-2 and Tier-3 cities and villages won't trust online transactions for things like insurance. Even after so many years insurance penetration in India is very very low compared to developed countries. Also, most LIC agents are housewives, middle class people working as an agent as a secondary job and many rely solely on this to run their family. Their are millions of beneficiaries due to this. And, most agents don't get their complete commissions. They are forced by the people to reduce their commission, many end up only with 5-10% of total commission. There is cut throat competition amongst agent to reduce their commission by giving back the earned money to the customer or customer would pay discounted amount based on their calculations.

[@skyinearth]

@@ashwatthama4075 Just think about the smartphone generation, do you still believe LIC will function same as now in near future and will be profitable by paying huge amount of commission to their agents.

[@VJ_Nic]

Thankyou for the info

[@KalyankarVishal]

@@skyinearth for ur kind information sir..lic has his tech term policy which u can buy online only and the premium is also low ..and recently lic and policy bazaar comes with partnership for selling of lic policy from their platform

[@s.vellaiyammal9811]

@@ashwatthama4075 exactly bro my mother is also a lic agent,its not easy to convince people to invest.most of the customers demand commission to be payed for their premium If not they don't agree

[@asiankangaroo1736]

Even when i had no idea about what insuranc was.. i knew "LIC, zindagi ke saath bhi zindagi ke baad bhi"

[@hirengajjar33]

The major concern for LIC is its dependency on nearly 13.5 Lakh ( which brings 95% of their business) Agents, on which they paid around 22,358 crores in 2021, and whatever the money they are and they had invested, is the money of policyholders, and I'm always been Optimistic but anything happens to the market which hurts people, money, and their life too. Also, they are lacking in Tech-based distribution over Agents, where they nearly lost a market share of 12% from 56% in 2016 to 44 % in 2022; in individual policies and group policies market share has reduced to 77% in 2020, which was 81% in 2016. Also now LIC gonna listed on the index which means these numbers need to improve and they need passive income sources apart from the money of policyholders.

[@krishkg_2187]

Thank you for this wonderful content. Another point missed in this content was earlier (before 2000) Agents used to approach people in their known circle and used to pay first premium amount on behalf of their customer.

[@GauravDhandhukia]

सिक्के का एक ही पहलू दिखाया है दूसरा पहलू पूरी तरह गायब है 😆

[@DeepteshLovesTECH]

LIC always worked for the poor. My father with over 40 years of Agency experience always swore by this moto. Helped countless families and always strived to provide best service as possible. He is 65 and still working. Currently he is still fighting for the betterment of LIC Agents' life and their benefits. I always question my father, that your time is almost over, why do you care? I guess he has a special connection with the company that can be credited with the job of building INDIA.

[@rajeshdessai2806]

Im soo proud of l.ic . My father is l.ic agent .proud that we all contributed for nation growth .

[@mauliksatasiya6664]

My experience with LIC has never been good. The employees always behave like they are doing a favour on us. They are not even updated technologically. Only know which button to press for their regular work. A few days back I went to claim my policy bonus, their system showed my linked account as Dena bank (which is now BOB). The employee laughed off as I brought documents of different bank. Then he realised the joke was on him.

[@Ranjith_747]

For the very same reason(their arrogant behaviour), I switched insurances, investments and banking to non PSUs 20 yrs back.

[@indianchannel1391]

My father passed away due to covid. The branch manager denied releasing claim even after extensive investigation and Mental grind on my family. He finally asked my mother to take policy for 50% of claim (a pension plan with 4.5% pa returns) in order to process the files.

[@Ranjith_747]

@@indianchannel1391 take the plan as per his wish and cancel within 15days. Meanwhile you get your claim done. Or you can write to insurance ombudsman.

[@indianchannel1391]

@@Ranjith_747 we have free look period of 30 days . But they didn’t deliver the policy copy by post. They always said policy document is not generated, but they gave us policy document after 45 days . I thought of raising complaint but my mother stopped as they emotionally tortured and didn’t want to drag more .

[@Ranjith_747]

@@indianchannel1391 stay strong and fight for your rights. Dont get cheated again by those greedy fraudsters. You can complain on the agent to customer care and in insurance ombudsman.

[@avinashpoojary2970]

LIC is a huge Company. Never knew so much about it till now. Thankyou

[@venkatkrishnamurthy3454]

Ironically, LIC holds a 16.25 per cent stake in ITC Limited....and maybe selling life insurance to Mukesh (the documentary film character)!

[@indianchannel1391]

One of the hidden secret is, LIC is the reason for under coverage of Insured people in India . Bcz agent’s get more commission in endowment plans than term plans so they are interested in selling endowments than Term plans

[@skyinearth]

That's the truth I was searching for 😁

[@floorplanslibrary-fpl6]

LIC employees are very humble & and helpful

[@chitradakshinkar7686]

NOT TRUE.MANY YOUNG PEOPLE BECAME AGENT AS TO GAIN EASY MONEY OF THE COMMISSION EARNING AND DID NOT TAKE IT AS A CAREER AND END TO END SERVICE PROVIDER.ONCE THEY SELL POLICY THEY THINK THEIR ROLE IS OVER AND AFTER SALES SUPPORT IS NOT GIVEN.ALSO THEY MISGUIDE ABOUT THE POLICIES WHICH GIVE THEM HIGHEST COMISSION.THERE ARE SEVERAL CASES OF AGENTS AND THEIR MISGUIDANCE AND BAD BEHAVIOUR.ON THE CONTRARY AGENTS SPOILED LIC NAME AND PEOPLE ARE NO MORE INTERESTED IN LIC POLICIES BUT OTHER INSURANCE AND INVESTING COMPANIES.

[@floorplanslibrary-fpl6]

@@chitradakshinkar7686 I mentioned particularly about employees

[@chitradakshinkar7686]

Not also for emplyees.Not all but most of the employees are rude not helpful.These days they are atleast answering properly due to changing times.But after all they are enjoying government jobs.Difference can be felt when comparing and experience with private companies...

[@urvashipandey530]

@Abhishek Singh my father is also an LIC agent ☺

[@rajgopal6056]

My Father was a n LIC Agent... Thank for the video...

[@canweable]

good video.. However, LIC is not giving returns to investors. Now it is tough to sustain in the current situation and Service is not that great compared to private partners..

[@rangaswamyas3883]

Good pvt players are giving verygood returns go buy insurance to get very good returns from your pvt partners just go through plans and then talk

[@satyendranooka3437]

Hey! The thumbnail is changed right? There was Jawaharlal Nehru on the thumbnail but now there's You! 👌 I observed it 😁

[@GirishKumar-jm5gi]

Metoo

[@satyendranooka3437]

@@GirishKumar-jm5gi oh nice 😄

[@nisargmehta9347]

Part of me is happy that I found this channel ☺️ and part of me is unhappy because it is underrated 😔

[@just_a_curious_thinker]

You will be even happier when you will know there is a hindi channel who explains as good as him *Convey by Finnovationz*

[@piushdixit]

This channel is doing a great job. Content like these are difficult to get 👍👍

[@kushparmar9486]

Exactly, it’s difficult to find about the history of Indian companies in video format

[@skyinearth]

You missed a point that is premium of LIC is comparatively higher than pvt insurers and their claim settlement as well as amount settlement ratio is also higher than LIC ( as in case of MAX Life Insurance & TATA AIA)

[@ananthakrishnan8484]

Is a company supposed to run off air instead of money or something, if no profits come, how will one manage a company.

[@pritamsingh735]

Bro I got selected in lic as an assistant in 2020 through IBPS.. who said u lic claim settlement ratio is lower . Private insurers doest shows accurate ratio of claim settlement..no one can pay the claim as lic pays.. we receive claims in daily way more then any premium received by private companies.. who said u lic premium is more then private?? It depends on product that companies r providing.. what about bonus rate that lic provide in comparison to private insurers???

[@skyinearth]

@@pritamsingh735 Your work there has nothing to do with this topic, checkout this news article where you'll find two chart dedicated to Claim settlement ratio along with amount settle ratio, also read some lines in the article where it states that this info is been verified against IRDAI, and in the chart you'll find pvt companies like Bharti AXA too with higher claim & amount settle ratio than LIC.

[@panigrahij]

Claim settlement is at per & amount settlement is highest in LIC. However most important is faster settlement, lowest grievances & much more important Unclaimed money used for national charity & surplus is used for nation building/strongest shoulder for Indian economy and many more right now. Future nobody knows, however we can judge from past and present. In India many of the failed insurance giants are doing joint ventures. Once upon a time a Lonny of LIC for RIL Jamnagar plant became a competitor with LIC now. So anything can happen. Hence country is first, I support LIC.

[@skyinearth]

@@panigrahij Amount settlement and claim settlement is higher of Bharti AXA as per IRDAI reports, which is around 95% for LIC and around 98or99% for Bharti AXA, haven't encountered any Insurance claim yet but I do agree that LIC's settlement time is good but their policy is also a bit more costly. Just check my prev reply for the news link to find settlement ratios.

[@govindadas7095]

LIC has the early movers advantage and enjoyed monopoly for a very long time,still it enjoys a high level of trust and credibility among its customers which is difficult to match for its competitors

[@nationalism1287]

After reading the comment section I can predict that after privatization Of LIC Burnol sales will go up

[@anonymous-qt7wq]

It's the lic who pulled the market from 15700 to 17000+ now they have a stable market to enter in.

[@ashishbanerji623]

Excellent vdo as always! Would be nice if you covered SUUTI briefly. Also request you to make a story on Balaji (wafers) like you covered Haldirams, as I think you are already inspiring many young Indians in the domestic start up space with success stories of Indians even before the internet boom👍🙏

[@ishikinokami1575]

The way LIC rose without succumbing to pressure of socialism was just fabulous. I believe underdeveloped nations need socialism to build a base first then they can go capitalist. Remember,most of the western capitalist nations were NOT built with capitalism after poverty but through colonialism....

[@johnsondavid9780]

*Incredibly insightful video, thank you, Mrs Ella! Dividend investments will perform well this year and well into the long-term future and so I shall say it now: 2022 is the year for the dividend investor given all of these market conditions!*

[@ArifMohammed43]

It's possible to produce an superior performance that brings profits, you can do something different from the majority? However most of us tend to pay more.

[@David-nw9qy]

I have an professional experience monitored my portfolio performance which she just made an jaw dropping $470k from just the past two quarters alone. I now experienced why expert traders make enormous returns from the seemingly unknown market

[@phillip7188]

Intresting. I absolutely doing nothing at my bank account, my own opinion is get something started with an expert, But it seems you probably doing excellent for yourself, how necessary every wise individuals achieve such positive.

[@michaeljack5275]

@@David-nw9qy Hello Do you trade on your own?

[@David-nw9qy]

@@michaeljack5275 Hi..: I'm trading with expert mrs Ella, a regulated broker in U.S ? I met her early last year at a startup funding event, She had some interesting things to say about the state algorithmic trading today. Very obviously I'm seeing the results?

[@joeljacob4685]

The value that you are embedding in these videos are simply remarkable ...Keep going...

[@eren-qu9uu]

i was accepting more in this video like more on competition of LIC and future prospect for it with lot of other private companies , hope to see in future and also more about government regulations etc.

[@neelangshusarkar3525]

I think that maybe because the realisation of the importance of life has increased, and the normal lives of people are being disrupted, people would be much more keen to opt for life insurance which would ensure both the short-term and long-term well-being of their family members. So I think it would be beneficial for LIC and the insurance industry in general.

[@ananthakrishnan990]

I fully endorse the views of the message given. I am in agency line for the past seven years.

[@shreyakankaria8423]

I have received insurance from LIC on my husband’s death but still pending from HDFC

[@maheshm1565]

Namaste, Can you do a case study on nandini milk products of Karnataka.

[@karimullapshaik3085]

Thanks!

[@carakeshgupta5416]

One of the best KZbin channels I have ever come across!! Keep the good work going !!

[@ankur7564]

wow i definitely did not know all these awesome facts

[@satishvirivinty7900]

you’re just amazing with the facts brother. i thought LIC was worst in claims settlements, but this is something interesting.

[@NitheshNaredla]

The other reason why lic is able to provide the claim money in time due to lic agents. Usually lic agents are from the same village or some random relative of the people. Causing easy enquiry and able to provide the provide amount easily directly tk beneficiaries.

[@ehknrajkumar1]

5% stake to raise 8Billion$ ! Good luck to them, considering LIC's premium is amongst the most expensive in the market, without additional value addition. Only after privatisation, people realised how they've been conned to pay such high premiums! And... Come on, LIC feels just like a bureaucratic Government office!

[@aayushmalviya1710]

I watch other utub videos in 2× but in your case i needed .75× Great work bro

[@TppJay]

1.5x

[@pradeepshukla9200]

As son of a successful LIC agent, I have heard many discussion between an agent with the client. And it is my strongest view that LIC has been successful simply because it was seen as a government (backed) organization. There was times in 1980's and 1990's where many investment companies would open up and siphon off people's money. Hence there was a trust on government backed LIC that helped agents to convince customers that their money was safe. I agree some of the other comments below that some lic branch officers were rude and behaved like any other government officer. But for common public, the safety of money was of utmost importance that helped LIC a lot.

[@shubhampatil-cf2gn]

Hey Think School, thanks for this great video. Could you guys please make a similar video on Dava India. Thanks.

[@arunnarayanan9702]

I would like to diversify my saving as below Long term - will go on equity Short term - what kind of plan should I opt For my kid - looking for an savings for his education Pls share your views

[@atreyeepal3643]

You are the best sir. Amazing content. Thank you for educating me😊😊

[@theindianinvestor3240]

They can have a zoom call with LIC agent in Covid times. Its completely wrong to think people would go on to websites and purchase insurance in matter of 5 minutes. Insurance is still a costly affair and personal relationship with a agent gives us that secure feeling from inside who has been operating as an agent in our hyperlocal region for decades and have built relationship with our neighbours. Trust is a big factor for LIC. TATA brand is built on Trust and we know how the business is doing.

[@amitjoshi1060]

Bro your content and presentation is too good..keep it up

[@amitjoshi1060]

Pls create content in hindi too..many people will benefit

[@joynag310]

My father is a LIC agent/insurance advisor. Its been 30 years my father is in LIC. 🙂

[@bestofsports9818]

Thanks

[@dhawalanand4013]

This means hum sabhi ne mil kar desh ko dobara banaya hai ❤️

[@gauravpatil6289]

just amazing One more reason to love my beautiful India

[@ravee786]

Most of the LIC employees, not ALL,work sincerely only during JFM, which is the business time for LIC and tax saving time for most people.

[@himmatdholiya7051]

JAY HIND THANKS FOR SUCH HUG HISTORY OF LIC= A GIANT INSURANCE & FINANCIAL INSTITUTE

[@baijubahuleyan6204]

You guys are amazing .. Thank you for the content

[@abubarkat6954]

Hard work always pays off...

[@tanishqnahar7301]

The privatisation of LIC would be a disaster .. Gradually , it would shift to tech unemploying millions ..!

[@kishorbhat743]

Who told you that LIC is being privatized ?

[@JustAPokemonCommentingOnVideos]

Who told you that LIC is being privatized ?

[@itoakira917]

It won't be . But it will lose its market share to other players ..

[@sdmamansood9687]

Do you think the IPO for LIC will be delayed? I am a policy holder of LIC!

[@maheshremani9968]

possible because of the war situation.

[@cpvenkatanathanparthasarat4182]

Very well presented. Dissected well to understand the strength and weakness. If you can further dig the goldmine called LIC on wealth built by investment in stocks.

[@prakharterrific]

We all know how LIC was also the bank for Indian people, the way it invests in strategic pillars of India and what not. They way you showed this is remarkable and should be seen by all, especially foreign retail investors, who should know how this behemoth was built out of a poverty struck country, back in the 50s. LIC makes India Proud! Amazing explanation Think School

[@manojramesh4598]

Thanks to the founding father Jawaharlal Nehru, shastri and others for such a beautiful institutions...... which is a gift for us....... ❤️🇮🇳

[@JustAPokemonCommentingOnVideos]

nehru got emotional and blundered against the chinese which is why we were humiliated in 1962 ; he blundered in kashmir and nehruvian socialism destroyed our country's agriculture

[@nationalism1287]

LOL Nehru my foot

[@shivamagarwal9]

The kind of information you are providing is articulated so well, wish you become India's biggest KZbin channel!

[@abcdefghijkl-he9ry]

When it comes to settlement every insurance company's stata is bad other than lic

[@VichitraChitta01]

Thanks for the video. You're changing his we look at communicating for citizens who want to be more aware. Respect. 🙏

[@TonyStark-nd5lt]

how you do research please tell and from which website

[@nithingowda2835]

I like the way how you present each question in our mind/ daily life in a professional manner

[@shreyash_kashikar]

What a content.... Super awesome storytelling for which Mr ganesh is actually known for.।

[@kingK2001]

Someone messed the audio sync this time koi na content tou best hai hei usko cover krne ke liye best case study channel doing its best to educate INDIA

[@ghost-bk1fv]

Hi ganesh, it would be awesome if u can make a video on how to buy stocks and to invest in which ones. Would be a great and reliable help for us noobies.

[@sandeepva6409]

For doing that he has to become a SEBI registered Investment advisor.

[@ghost-bk1fv]

@@sandeepva6409 so how can I get myself in stocks? I don't want buy anything and incurs losses

[@sandeepva6409]

@@ghost-bk1fv There are do many youtube channels doing analysis. Develop your analytical skills by watching them. Do your own research and buy only if you are confident. There are only two rules in stock market 1. Don't take stock advise from anyone 2. Follow the rule 1

[@ghost-bk1fv]

@@sandeepva6409 true that's why I didn't start untill now. Not gonna jump into it unless I know everything about it

[@raunakshahi]

@@ghost-bk1fv Well, you're never gonna know everything about it, because no one in history ever has. Just make an account on a broker app and read books and watch youtube videos to understand how to make a good portfolio. I would invest a lot right now if I had money because stocks are rock bottom because of Russia Ukraine war.

[@konakanchisharma6206]

Pls make a case study on some of the greatest PSUs in India like NTPC,IOCL,ONGC,POWERGRID etc...

[@darkcoder7007]

people who says what have nehru or congress done for India, this is the best answer for them. I am not any political party supporter, but please appreciate work done by governments.

[@devanshverma9024]

great analysis my father is a devlopment officer in lic

[@arunjohn708]

Really learned new informations....Thank you Think School team.

[@ritubhatt3092]

Thank you LIC❣️🙏

[@jarbuyer]

I am very excited about new age insurance startups.

[@pioneerpioneer6189]

LIC is Govt Authorised Multi Level Marketing Company.

[@shridharpandit9698]

One of the great videos till now on your channel.

[@cshekhar1221]

Very well explained....thank you👏👏

[@code.7027]

LIC market capitalisation is huge but the profit is very low compared to other companies. Will LIC use technology like other insurance companies are doing?

[@Rahul_Jaiswal98]

How much profit did Lic make in financial year 2020 - 2021 ?

[@abinashdas9619]

LIC never generates profit. How can you generate profits when people are paying their premium now and LIC's liability will end on their death. So LIC can never generate profit. It can only generate surplus. It means that LIC assumes that X no of insured people will die during the year and thus book their liabilities for that year. And suppose less than X no of insured people dies, LIC does not need to pay that difference amount of people any money on that year. That is called surplus

[@code.7027]

@@perfectidle4824 LIC is in profits but very low in comparison to its market. I hope it functions better than IRCTC

[@Rahul_Jaiswal98]

I did a little research on my side and found that the Net Profit was 615884Cr in financial year 2019-2020, which according to me is quite good. So i suggest you all first to do a little bit of research on your side and then type non sense in comments section

[@meghanath5045]

It's profit is good

[@mihir9608]

How many hours do you roughly put in researching, editing and filming each video?

[@UjjwalKumar-]

Superb..............................................

[@aditijaiswal4679]

I have a lic agent living side of my house. They keep on harassing us. Its so irritating. I sometimes feel like beating them .

[@unnilibra]

You provided a highly detailed picture, Thank You.

[@Sanskriti94111]

You inspired me bhaiya

[@sumitdwivedi008]

Mee too bro

[@mangeshdhore]

Thank you for making such a quality content!

[@pranshusharma7447]

Bro make a video on Relaxo ,Astral poly, Alkyl amines

[@vvvv-lo8or]

10:20 Mistake in video 50 - 20 = 20

[@dhandhekibhasha2076]

I was quite confused whether to invest in the ipo of lic and during my research too, i came across this thing called embedded value but couldn't understand it well. I have linked my policy no with my pan but still quite confused.

[@sandeepva6409]

The answer for everything is same. Supply is more than demand

[@dhandhekibhasha2076]

@@sandeepva6409 what u mean by this?

[@Fintocks]

@@dhandhekibhasha2076 Embedded Value is the Present Value of Future Profits and Net Asset Value

[@AshishRohillax]

go for Hdfc Life or Icici Pru life. They have much better financials and ratios.

[@sandeepva6409]

@@dhandhekibhasha2076 The amount offered for sale is more than the amount investors can invest

[@ThatGuy-es8xt]

Hi, please make a video about how the Europeans were successful in expanding all over the world. Especially the British.

[@aamaankhan6550]

CASE STUDY OF LINKEDIN PLEASE 🥺🥺🥺

[@prabhudevable]

They have strategically invested in good no of companies. Mainly they own more that 7% if Infosys which is commendable.

[@TonyStark-nd5lt]

Can attach source of information

[@imdhiren007]

Iconic dialog "and this bring me to the important part of the episode" 🤣🤣