LIC Insurance

The Life Insurance Corporation of India was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalized the private insurance industry in India.

  • Product:

Aam Aadmi Bima Yojna, Insurance Plan, Special Plans, Pension Plan, Unit Plans, Micro Insurance Plans, Withdrawal Plans, Health Plans, investment management and Mutual Fund.

  • Establishment Year:

Founded in 1 September 1956

  • Head Office:

Mumbai

  • Key Persons

V.K. Sharma (Chairman)

Usha Sangwan (Managing Director)

Hemant Bhargava (Managing Director)

B.Venugopal (Managing Director)

Sunita Sharma (Managing Director)

  • Revenue

US$ 88.400 billion in 2015.

  • Number of Branches:

2048 Fully Computerized Branch offices

8 Zonal Offices

113 Divisional Offices

1381 Satellite Offices

  • Slogan

“Yogakshemam vahamyahawhich means “Your welfare is our responsibility”.

This slogan is derived from Bhagvad Gita’s 9th chapter, 22nd verse.

  • Competitor:

SBI Life

HDFC Life

Aviva

  • Official website:

http://www.licindia.in/