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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.

List of all the plans from Life Insurance Corporation (LIC) of India.

Leadership

Mr. MR Kumar is the Chairman of Life Insurance Corporation of India.

Contact Details

Corporate Office
Life Insurance Corporation of India,
Yogakshema Building,
Jeevan Bima Marg,
P.O. Box No – 19953,
Mumbai – 400 021

022 6827 6827

www.licindia.in
Branch Locator

Claims ratio of Life Insurance Corporation of India

Year 2014-152015-162016-172017-182018-192019-202020-212021-222022-23
Claims ratio 98.1998.3398.3198.0497.79---Yet to be published

Market share of Life Insurance Corporation of India

Year 2014-152015-162016-172017-182018-192019-202020-212021-222022-23
Market share 69.370.571.1169.466.24---Yet to be published

News on Life Insurance Corporation of India

LIC launches WhatsApp services for its policyholder

The Life Insurance Corporation (LIC), the largest government owned Life Insurance Company has launched their exclusive WhatsApp service...

Dec 08, 2022 67 views

LIC has the maximum market share in 2022-23

This data is for the premium market share for the financial year 2022-23. In the last 2 years, there has been considerable awareness...

Oct 28, 2022 93 views

Top 5 Life Insurance Companies in premium collection

This data is for the first 6 months of the financial year 2022-23. In the first half of the Financial Year 2022-23, overall business...

Oct 28, 2022 183 views

Top 5 Life Insurance Companies by number of policies sold

This data is for the first 6 months of the financial year 2022-23. In the last 2 years, there has been considerable awareness regard...

Oct 25, 2022 89 views

Videos on Life Insurance Corporation of India

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