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About LIC

About LIC

Every day we wake up to the fact that more than 250 million lives are part of our family called LIC.

We are humbled by the magnitude of the responsibility we carry and realise the lives that are associated with us are very valuable indeed.

Though this journey started over six decades ago, we are still conscious of the fact that, while insurance may be a business for us, being part of millions of lives every day for the past 63 years has been a process called TRUST.

Headquarters: Mumbai
Owner: Government of India
Founder: Government of India
Founded: 1 September 1956
Total assets: 31.12 lakh crores INR (US$450 billion, 2019)
Office Location: E3 Sec-1,Noida
Satellite Office: K25 1st Floor,Pearl Plazza Sec-18, Noida(201301)

SOVEREIGN GUARANTEE

LIC has the sovereign guarantee of Govt.of India Under Section 37 of LIC Act 1956

WIDE RANGE OF PRODUCTS

We have different products catering to the differing needs of all segments of the society. These are basic insurance plans (whole life, endowment and money back), Term Assurance Plans, Unit linked plans, Pension Plans, Health plan, Variable Insurance Products etc.

POLICIES TO BE GUARANTEED

The sum assured of all policies issued by LIC of India including any bonuses declared in respect thereof and, subject to the provisions contained in section 14 the amounts assured by all policies issued by any insurer the liabilities of which have vested in the LIC of India under this Act, and all bonuses declared in respect thereof, whether before of after the appointed day, shall be guaranteed as to payment in cash by the Central Government. Under-Section 37 of LIC ACT, 1956

STRONG LIC BRAND

You will be associated with one of the leading Life Insurance Company of the world. The brand image of LIC of India is huge, people in India identifies life Insurance as LIC only. Thus selling life Insurance policies for LIC of India is much easier.