The Life Insurance Corporation of India (LIC) has achieved a significant milestone by being awarded the ISO 22301:2019 Business Continuity Management System (BCMS) certification from the British Standards Institution (BSI). This prestigious certification is a global benchmark for business continuity management and recognizes LIC’s ability to maintain robust business continuity practices, ensuring uninterrupted services even during unforeseen disruptions.
The ISO 22301:2019 certification is an international standard that focuses on minimizing operational disruptions and ensuring swift recovery in times of crisis. By achieving this certification, LIC has demonstrated its commitment to operational resilience, business continuity planning, and risk management capabilities, which are consistent with global best practices.
This certification is a testament to LIC’s preparedness to face unexpected challenges and ensure continuity of services to its customers. It enhances the insurer’s reputation as a resilient organization that can mitigate risks and manage disruptions, thereby safeguarding the interests of its stakeholders. The certification also strengthens confidence in LIC among its customers, employees, and other stakeholders.
Siddhartha Mohanty, CEO and Managing Director of LIC, emphasized the importance of this certification, stating that it reflects the institution’s commitment to ensuring business continuity and safeguarding the interests of its stakeholders. He added that the certification is a testament to LIC’s ability to maintain the trust and confidence of its customers and stakeholders.
Overall, the ISO 22301:2019 certification is a significant achievement for LIC, demonstrating its commitment to operational excellence, risk management, and customer service. It reinforces the insurer’s position as a leader in the industry and highlights its ability to navigate complex and uncertain environments, ensuring that its customers receive uninterrupted services even in the face of unforeseen disruptions. With this certification, LIC has further strengthened its reputation as a reliable and resilient organization, poised for continued growth and success.