Who We Are


About LIC

Life Insurance Corporation of India (LIC)

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.

Founding Organisations

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.

Employees and Agents

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-I Officers 31,420 6,297
Class-II Development Officers 26,621 1,033
Class III/IV employees 62,347 17,542
Total 1,20,388 24,867



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SOME FACTS ABOUT US


99%
SATISFIED CUSTOMRES

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WINNING AWARDS

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LIC COVERED

2730
INVESTORS



STEPS OF FINANCIAL SECURITY

  • START INVESTING

  • ELIMINATE DEBTS

  • CREATE AN EMERGENCY FUND

  • LIFE INSURANCE PROTECTION

  • BUILD LONG-TURM SAVINGS


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