Life Insurance Corporation of India

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About Life Insurance Corporation of India

Life Insurance Corporation (LIC) of India is the only public sector Life Insurance Company in India. The company was formed in September 1956.

LIC was formed in 1956 with the merger of more than 200 insurance companies and provident societies. Since then they have been among the most trusted brands in India providing insurance solutions to even the remotest corners of India through their huge network of agents and distributors. It was only in 2001 that the private sector was allowed into the insurance sector in India. LIC has maintained its dominant leadership status even with the presence of 22 other life insurance companies.

LIC is the largest life insurance company in India with a huge presence in both urban and rural markets. Its distribution is unmatched and has a strong agent force which reaches out to every small town in India ensuring that their products are being offered to one and all in the country. The insurance products of LIC are often the most simple and consumer friendly and it is displayed by the enormous response it gets to the launch of any new product. LIC has an insurance product for almost any need - from protection, savings and investments, micro-insurance plans to special plans for women and even for handicapped individuals. The insurance agents of LIC have been the backbone of the company for long and their agent network keeps getting bigger by the day.

Leadership

S K Roy is the Chairman of Life Insurance Corporation of India.

Contact Details

Corporate Office
Life Insurance Corporation of India,
Yogakshema, East Wing,
Jeevan Bima Marg,
Mumbai - 400 021.

1251 (MTNL or BSNL numbers)

www.licindia.in

Claims ratio of Life Insurance Corporation of India

Year 2006 - 072007 - 082008 - 092009 - 102010 - 112011 - 122012 - 132013 - 142014 - 152015 - 16
Claims ratio 96.9496.7195.4896.5497.0397.4297.7398.1498.19Yet to be
published

News on Life Insurance Corporation of India

LIC introduces third gender option in proposal forms

LIC introduces third gender option in proposal forms In line with Supreme Court's 2014 verdict to recognise the third gender, country's biggest insurance player state owned Life In...

Feb 26, 2016 79 views

LIC will fund projects of Indian Railways

LIC will fund projects of Indian Railways One of India’s most trusted brand, Life Insurance Corporation (LIC) of India will fund railway projects very soon. Indian Railways has proposed a list of around 200 projects to LIC which require funding. LIC is kee...

Sep 16, 2015 110 views

LIC rolls out limited premium payment Jeevan Labh endowment plan

LIC rolls out limited premium payment Jeevan Labh endowment plan LIC Jeevan Labh, introduced by the state-owned insurer --Life Insurance Corporation of India on January 4, 2016, is an endowment plan w...

Jan 06, 2016 178 views

LIC celebrates 59 years of trust and service to India

LIC celebrates 59 years of trust and service to India Life Insurance Corporation (LIC), India’s most trusted brand celebrated its 59th anniversary on 1st September 2015. LIC is the ol...

Sep 03, 2015 935 views

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