LICI turns 60 years
Life Insurance Corporation of India (LICI) last week celebrated its 60th Foundation Day Anniversary of its existence in Fiji.Since 1956, this company has been the key […]
www.fijitimes.com.fjHere’s the latest I can confirm about LICI Fiji based on recent reports:
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LICI Fiji has been active in paying out claims, with reports noting multi-million-dollar payouts in 2025 and early 2026. For example, articles mention payouts in the range of $29 million to $34 million so far in the current financial periods. This underscores LICI Fiji’s ongoing role as a financial safety net for policyholders.[1][2]
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The company has continued to emphasize its market leadership in Fiji, with a substantial active policy base and a dominant market share (roughly around 60% of in-force policies reported in some years). This supports the view that LICI remains a primary life insurer in Fiji.[2]
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LICI Fiji has pursued revival and revival-related concessions to help policyholders, including late-fee concessions (up to 80%) as part of revival campaigns, and calls for policyholders to update contact details. This indicates active customer-retention and policy management efforts.[3]
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LICI has been investing heavily in Fiji infrastructure bonds, with total investments surpassing hundreds of millions of Fiji dollars over time, contributing to national infrastructure and economic activity. Recent notes mention investments in the Fiji Infrastructure Bonds (FIB) and related figures over multiple years.[4][3]
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There have been other related Fiji news pieces about LICI’s anniversary and historical context, reflecting its long-standing presence in Fiji’s financial sector (LICI’s 60-year milestones and continued operations in Fiji).[5]
Notes and caveats:
- The sources cited are local Fiji outlets (FBC News, Fiji Sun, Fiji Times, etc.) and reflect publicly reported figures that are periodically updated. Exact current totals may vary as new claims are paid and as the company reports quarterly results.[1][2][3][4][5]
- If you’d like, I can pull the latest figures from specific outlets and summarize any new press releases or annual reports, or set up a quick snapshot of recent claim payments, policy counts, and infrastructure-bond investments in a compact chart.