`Zindagi Express' will have insurance details of many famed names
The expo on wheels will arrive in Secunderabad on ThursdayIt showcases achievements of LIC in the past 50 years
HYDERABAD: Did Mahatma Gandhi take a life insurance policy? Or do you know the amount Rajiv Gandhi was insured for?
One can get the answers in a train - one that is exclusively meant to showcase the history of Life Insurance Corporation of India. According to LIC officials, Mahatma Gandhi was insured. A copy of the five-rupee receipt he got will be on display on Zindagi Express, an exhibition on wheels, expected to arrive in Secunderabad on Thursday. The receipt has the signatures of C. Rajagopalachari and Gandhiji's personal assistant as witnesses. The copy of the insurance policy of former Prime Minister Rajiv Gandhi, who was insured for Rs. 1 lakh and claim receipts of the policy, will also be on the display.
Zindagi Express, launched to showcase the growth, strengths and achievements of the LIC in 50 years, will also exhibit rare documents like the first policy bond issued to then Finance Minister C.D. Deshmukh and Copy of the 1957 Annuity Policy of Mysore Maharaja, according to Regional Manager (Marketing) K.Ganesh.
Speaking to reporters, Zonal Manager T. Chattopadhyay disclosed that the lock-in period for all insurance policies of the LIC would be made three years from June 30 this year, as per the guidelines of the Insurance Regulatory and Development Authority (IRDA).
There would be exciting prizes for the participants through hourly lucky dips on Thursday and Friday at Secunderabad. Schoolchildren would be awarded participatory mementos. One in every 50 students would get a bumper prize, he added. A medical camp too would be held.