DHARWAD: The Senior Divisional Manager of Life Insurance Corporation of India (LIC), Dharwad Division, C. Visweswara Rao, has said the Electronic Document Management System (EDMS) project in the division would be completed within a year.
Addressing presspersons here on Monday, Mr. Visvesvara Rao said that already the process had begun and within a year all the LIC offices in the division would be “docket-less offices”.
“Once the EDMS is implemented, providing service to customers and settling claims would be easier as all the offices would have access to the policy holders’ policy details and other documents, which would be scanned and digitalised,” he said.
He said the division had 15 branches and six satellite offices at present, and another satellite office would be opened at Siddapur in Uttar Kannada district soon.
Elaborating on the achievements of the division, Mr. Rao said that on March 31, 2008, 17,88,000 policies were serviced by the division and 81,873 claims worth Rs. 176.24 crore were settled.
He said following various measures taken up by the division, most of the LIC branches in the division were able to issue policy bonds on day-to-day basis.
Mr. Rao said under the group insurance schemes, the division had provided insurance cover to 39,000 people during 2007-08, while 1,789 policies were sold under micro insurance.
To a query, Mr. Rao said the entry of private insurance companies had only increased the trust the people had in LIC. He added that rural clientele was still the stronghold of LIC and steps were being taken to further strengthen the base in rural areas.
Earlier, Mr. Rao hoisted the flag of the “52nd Life Insurance Week” celebrations. LIC policy holders Ramappa H. Chandugol and Arjun M. Hebballi inaugurated the function by lighting the lamp.