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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 2013-142014-152015-162016-172017-182018-192019-202020-212021-22
Claims ratio 98.1498.1998.3398.3198.0497.79--Yet to be published

Market share of Life Insurance Corporation of India

Year 2013-142014-152015-162016-172017-182018-192019-202020-212021-22
Market share 75.569.370.571.1169.466.24--Yet to be published

News on Life Insurance Corporation of India

Life insurance business performance in August 2022

The life insurance business has picked up really well compared to last year. As of 31st August 2022, the industry has seen a 44.2% incr...

Sep 13, 2022 54 views

LIC IPO takes off: Demand from anchor investors is very strong

The Life Insurance Corporation (LIC) kicked off its mega IPO process Monday with the insurer’s anchor book getting oversubscribed...

May 04, 2022 50 views

LIC Q4 net falls 18% to Rs 2,372 cr

Life Insurance Corporation (LIC) on Monday reported a standalone net profit of Rs 2,371.55 crore for the three months to March, a fall of 18% year-on-year. The state-owned insurer exited FY22 with profits of Rs 4,043....

May 31, 2022 45 views

LIC IPO to open May 4; Check price band, i...

The much-awaited Life Insurance Corporation of India (LIC) IPO (initial public offering) is set to open next week with the public sector behemoth filing its Red Herring Prospectus (RHP) with capital market regulator SEBI...

Apr 28, 2022 32 views

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