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 won’s Dun & Bradstreet PSU Awards 2015

The nation’s most trusted public sector insurer LIC won’s Dun & Bradstreet PSU Awards 2015. It has been declared as t...

Aug 03, 2015 13 views

LIC Nomura CEO Nilesh Sathe appointed as Member at IRDAI

LIC Nomura CEO Nilesh Sathe appointed as Member at IRDAI Mr. Nilesh Sathe, Chief Executive Officer (CEO) of LIC Nomura Mutual Fund Asset Management Company has been appointed as Member - Life ...

Jun 18, 2015 45 views

LIC is targeting 325 crore from rental income this year

LIC is targeting 325 crore from rental income this year Life Insurance Corporation (LIC) of India has several properties in prime locations across the country and is earning rental income fro...

Jul 22, 2015 38 views

India’s biggest insurer LIC is becoming Tech savvy

India’s biggest insurer LIC is becoming Tech savvy India’s biggest life insurer, Life Insurance Corporation of India (LIC) is upgrading its technology to serve its customers better...

Jun 11, 2015 100 views

Videos on Life Insurance Corporation of India

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