LIC inks pact with Department of Posts for Print to Post solutions

Hyderabad: Life Insurance Corporation of India signed an agreement on Monday with the Department of Posts, Government of India, for 'Print to Post' solutions to print and dispatch the policy booklet issued under a life insurance policy. LIC of India is availing these solutions and an Agreement to that effect was at the Headquarters of LIC

MR Kumar, Chairperson of LIC of India, congratulated the Department of Posts for entering into this venture and said that product delivery is of utmost importance to LIC. He informed that India Post has gone a long way in combining digitalisation and technology to bring out new initiatives and through this collaboration between the two giants.

Telangana Circle has taken the lead and he hoped that this venture is replicated across the country. Finally he concluded by saying that LIC of India also has brought out many digital initiatives and this 'Print to Post' solutions is the missing piece in the complete digitilisation, which has now plugged the gap.

Ajay Kumar Roy, Dy Director General of the Postal Directorate at New Delhi, said: "Delivery on the day of receipt" is the working theme of India Post." He also highlighted the long and historical relationship between LIC and Department of Posts and this venture would only go to strengthen the relationship. A commemorative poster was released to mark the occasion.

Mukesh Kumar Gupta, Managing Director of LIC, said that the end-to-end solutions would provide the much needed fillip in the issue of policy documents with reduced TAT to enhance the customer experience.