LIC Creates Guinness World Record: Sells Over 5.8 Lakh Policies in Just 24 Hours: More Details Inside

State-owned insurance giant Life Insurance Corporation of India, or LIC, today announced that it has achieved a historic record by entering the Guinness World Records for "most life insurance policies sold in 24 hours". This was awarded for the Lcorporation's record-breaking performance on January 20, 2025 when Over 5.8 Lakh Policies Sold in a Day By LIC which became a milestone number in the life insurance sector.

In a single day, an incredible 588,107 life insurance policies were issued by LIC, all because of the efforts put in by its massive agency network. As per data, a total of 4,52,839 LIC agents across India worked in perfect coordination to achieve this unprecedented feat, making it the largest number of life insurance policies sold within 24 hours anywhere in the world.

Huge Agent Network Behind This Achievement

LIC has a strong and wide-reaching network of agents across the country. These well-trained agents played a major role in achieving this record on January 20 this year with their teamwork and dedication.

Recently, LIC rolled out a new feature allowing policyholders to pay their insurance premiums via WhatsApp, which gave customers one more alternate option to pay premiums online. It will be especially easier for customers in rural and semi-urban areas who often face digital literacy and accessibility challenges.

LIC Share Price Performance

Well, since this is a positive development about the company, LIC shares might react to this new achievement by the company. On Friday, LIC share price closed in the green at Rs.860.70, gaining 1.77% on the NSE. While the stock is still down around 4% year-to-date.

LIC Q4 Results and Dividend Announcement on May 27

All eyes are now on LIC's Q4 FY25 results, which will be announced on Tuesday, May 27, 2025. The LIC board will meet to approve the audited standalone and consolidated financial results for the quarter and full financial year ending March 31, 2025. The board will also decide on the final dividend for FY2024-25.

In an exchange filing dated May 19, LIC stated that "This is to inform that a meeting of the Board of Directors of Life Insurance Corporation of India ('the Corporation') is scheduled to be held on Tuesday, May 27, 2025, inter alia, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025 and recommend final dividend for the financial year 2024-25, if any."