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Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹52.52 trillion (US$630 billion) as of March 2024. [4]
- Life Insurance
Life insurance (or life assurance, especially in the...
- Life insurance in India
Life insurance in India. Life insurance is one of the...
- Life Insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.
Life Insurance in its modern form came to India from England in the year 1818. Oriental Life Insurance Company started by Europeans in Calcutta was the first life insurance company on Indian Soil.
Life insurance in India. Life insurance is one of the growing sectors in India since 2000 as Government allowed Private players and FDI up to 26% and recently Cabinet approved a proposal to increase it to 49%.
Every day we wake up to the fact that more than 250 million lives are part of our family called Life Insurance Corporation. We are humbled by the magnitude of the responsibility we carry and realise the lives that are associated with us are very valuable indeed.
Life insurance corporation, popularly known as lic is indian state-owned insurance group and investment company. Buy life insurance plans and policies from LIC of india avail tax benefits with multiple cover options.
People also ask
Who owns Life Insurance Corporation of India?
When was Life Insurance Corporation of India established?
Who is LIC India?
When did life insurance come to India?
The Life Insurance Corporation of India came into existence on 1st September, 1956, with the objective of spreading life insurance more widely and in particular to the rural areas with a view to reach all insurable persons in the country, providing them adequate financial cover at a reasonable cost .
