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 expected to launch their new ULIP policy soon

LIC expected to launch their new ULIP policy soon India’s biggest life insurer LIC will soon launch its new ULIP plan called New Endowment Plus. LIC New Endowment Plus Plan will b...

Aug 18, 2015 68 views

LIC wins Dun & Bradstreet PSU Awards 2015

The nation’s most trusted public sector insurer LIC has won Dun & Bradstreet PSU Awards 2015. It has been declared as the top Indian Public Sector Undertaking (PSU) in the insurance sector at the Dun & Br...

Aug 03, 2015 39 views

LIC Varishth Pension Bima Yojana yields 7000 crore

LIC Varishth Pension Bima Yojana yields 7000 crore India’s biggest life insurer LIC has collected Rs.7, 000 crore from the pension scheme “Varishth Pension Bima Yojana”...

Aug 14, 2015 64 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 51 views

Videos on Life Insurance Corporation of India

Should I take the Jeevan Anand Plan

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Should I exit some LIC plans

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