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Life Insurance Corporation of India (LIC of India) may be a leading life assurance company headquartered in Mumbai. LIC is that the largest life insurance company in India with an asset value of over 2,529,390 crores. LIC of India was created on 1st September 1956 when the govt of India passed the life assurance of India Act, nationalizing the private insurance industry in India.
The company was established with the merger of over 245 insurance companies and provident societies. LIC offers an array of life assurance plans including a variety of ULIPs, pension plans, child plans, insurance, and others. the corporate is well established in urban also as rural areas of India and is well abiding by its motto- Yogakshemam Vahamyaham, which suggests your welfare is our responsibility. With the arrival of technology, the LIC of India has established its brand's presence online by selling an array of savings and investment products online.
The mission of the life insurance Corporation of India is to reinforce the standard of living of the people by providing financial products and services that provide competitive returns.
