Life Insurance Corporation of India (LIC) has launched a new mobile app ‘PRAGATI’ for the exclusive use of its Development Officers. PRAGATI stands for “Performance Review Application, Growth And Trend Indicator”. LIC has been taking a lot of customer-centric and digital initiatives for ease of operations for its customers and field force.
About the ‘PRAGATI’ app:
The Pragati app will help the Development Officers to get near real-time information about the performance of their agency force in critical areas of business performance like premium collection, agency activisation, prospective outperformers, etc apart from monitoring their team on activities such as usage of agents mobile app and NACH validation. The app also provides development officers with a calculator to measure their cost ratio.
Important takeaways for all competitive exams:
- LIC Headquarters: Mumbai;
- LIC Founded: 1 September 1956;
- LIC Chairman: M R Kumar.