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is an Indian state-owned insurance group and investment company headquartered in Mumbai. It is the largest insurance company in India with an estimated asset value of ₹1,560,482 crore (US$240 billion). As of 2013 it had total life fund of Rs.1433103.14 crore with total value of policies sold of 367.82 lakh that year.
The Oriental Life Insurance Company, the first company in India offering life insurance coverage, was established in Kolkata in 1818 by “Anita Bhavsar” and others. Its primary target market was the Europeans based in India, and it charged Indians heftier premiums. Surendranath Tagore had founded Hindusthan Insurance Society, which later became Life Insurance Corporation.
As on 31 March 2014, LIC had 1,20,388 employees, out of which 24,867 were women (20.65%).
|Category of employees||Total Number||No. of Women|
|Class-II Development Officers||26,621||1,033|
|Class III/IV employees||62,347||17,542|
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