Life Insurance Corporation of India launched its first Digital Application, “ANANDA”, an
acronym for Atma Nirbhar Agents NewBusiness Digital Application, on Thursday, the
19 th of November 2020. The launch was done by Shri. M R Kumar, Chairman, LIC of
India through Video Conferencing, in the presence of the Managing Directors, Shri. T C
Suseel Kumar, Shri. Mukesh Kumar Gupta, Shri. Raj Kumar and other Senior Officials
of the Corporation. The Digital application is a tool for the on boarding process to get
the Life Insurance policy through a Paperless module with the help of the Agent /
Intermediary. It is built on paperless KYC process using Aadhaar based e-
authentication of the Life Proposed.
ANANDA is a first of its kind in the Indian Life Insurance industry with LIC of India
pioneering the process through its in-house IT enabled systems. This tool has been
brought out at the right time, to enable and empower the Marketing force of LIC to face
the current challenges and propel insurance selling to a higher level. With social
distancing being the new normal, prospective customers can avail the facility of taking a
New Life Insurance Policy in the comfort of their homes/offices without having to meet
the Agent / Intermediary in person, thereby throwing a new level of opportunity in the
purchase of Life Insurance policy.
The event was marked with the release of an e-training video for the Agents, depicting
the salient features of the application and the process from introduction to completion of
a Life Insurance policy.
The launch had generated tremendous enthusiasm among the Marketing Officials and
Intermediaries of LIC of India. The first Life Insurance policy under the Paperless Digital
application was issued by the Chairman which was followed by issue of New policies
across the Zones of the Corporation.
Chairman of LIC of India said that ANANDA will mark a new chapter in realizing the
Dreams of its Marketing Intermediaries to use Digital Applications as a Marketing
Dated at Mumbai on the 20th November, 2020
For further information, please contact –
Executive Director (Corporate Communications)
LIC of India, Central Office, Mumbai. Email id firstname.lastname@example.org
Visit us at https://www.licindia.in
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