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Life Insurance Corporation of India (LIC) is an Indian statutory insurance and investment corporation headquartered in the city of Mumbai, India. It is under the ownership of the Government of India. It also funds close to 24.6% of the Indian Government's expenses. It has assets estimated at 13.25 trillion (US$291.5 billion). It was founded in 1956 with the merger of 243 insurance companies and provident societies.
| Company Name | LIC India |
|---|---|
| Industry | Financial Services |
| HQ Address | Mumbai, India |
| Revenue | 25,817 Million |
| Employee Size | 1,08,987 |
| Company Type | Public |
| Fiscal Year-End | March 31st |
| Website | www.licindia.in |
| Subsidiaries | LIC Lanka, Life Insurance Corporation (Lanka) Ltd., LIC Nepal, LIC Nomura Mutual Fund, Life Insurance Corporation of India, LIC Pension Fund Ltd, and More |
| Locations | 2048 computerized branch offices and 1572 satellite offices in India |
| Competitors | HDFC Life, SBI Life, ICICI Prudential, More |
| Recognition & Awards | ACEF Award, Ashirwad Award, Best Brand, More |
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