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 2005 - 062006 - 072007 - 082008 - 092009 - 102010 - 112011 - 122012 - 132013 - 142014 - 15
Claims ratio -96.9496.7195.4896.5497.0397.4297.7398.14Yet to be
published

News on Life Insurance Corporation of India

LIC launches Jeevan Tarun Child Policy

LIC launches Jeevan Tarun Child Policy Life Insurance Corporation of India (LIC) has launched Jeevan Tarun Policy which is a non-linked money back plan for children. The plan caters to financial needs such as for education, marriage etc.  In LIC Jeevan ...

May 21, 2015 71 views

LIC loses a big share of new business to competition

LIC loses a big share of new business to competition According to the latest report from Life Insurance Council, private insurers in India have taken up another 5% of new premium business ...

May 04, 2015 65 views

LIC to start offering Pradhan Mantri Jeevan Jyoti Bima Yojana

LIC to start offering Pradhan Mantri Jeevan Jyoti Bima Yojana Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) which was in the news for quite some time has now been formally announced. Life Insura...

May 11, 2015 172 views

LIC to Partner Bandhan & UBI

LIC to Partner Bandhan & UBI Life Insurance Corporation of India (LIC) is planning to tie up with Bandhan and United Bank of India (UBI) as bancassurance partners. Bandhan is Kolkata based entity, granted bank licenses by Reserve Bank of India (RBI...

Apr 08, 2015 87 views

Videos on Life Insurance Corporation of India

Should I take the Jeevan Anand Plan

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