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 2004 - 052005 - 062006 - 072007 - 082008 - 092009 - 102010 - 112011 - 122012 - 132013 - 14
Claims ratio --96.9496.7195.4896.5497.0397.4297.73Yet to be
published

News on Life Insurance Corporation of India

LIC launches Single Premium Jeevan Shagun Plan

LIC launches Single Premium Jeevan Shagun Plan Life Insurance Corporation (LIC) of India announced the launch of their new single premium plan called Jeevan Shagun. LIC Jeevan Shagun...

Sep 04, 2014 2,983 views

LIC launches their first online term plan LIC E-Term

LIC launches their first online term plan LIC E-Term After a really long wait, Life Insurance Corporation (LIC) of India has launched its first online term plan called LIC e-Term. After th...

May 20, 2014 2,904 views

LICs new guaranteed plan does not ask for any medical checkup

LICs new guaranteed plan does not ask for any medical checkup Life Insurance Corporation of India has just launched a new plan called LIC's Jeevan Rakshak Plan. This is a guaranteed return plan...

Aug 22, 2014 1,331 views

Politicians instill their faith in LIC: says Poll Affidavits

Politicians instill their faith in LIC: says Poll Affidavits Amidst the Political pandemonium, the top politicians of the country instill their confidence on Life Insurance Corporation of India, L...

May 16, 2014 2,210 views

Videos on Life Insurance Corporation of India

Should I take the Jeevan Anand Plan

Should I exit some LIC plans

Have taken a Jeevan Saral plan some...

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