About Us LIC of India, Why LIC ?

LIC of India is the Only State owned Life Insurance Company. We are 100% Swadeshi Company since 1956.


We are No.1 Life Insurance Company in India!

Life Insurance Corporation of India (abbreviated as LIC) is an Indian state-owned insurance group and investment corporation owned by the Government of India.

The Life insurance Corporation of India was founded on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India.

As of 2019, Life Insurance Corporation of India had total life fund of ₹28.3 trillion. The total value of sold policies in the year 2018-19 is ₹21.4 million. Life Insurance Corporation of India settled 26 million claims in 2018–19. It has 290 million policy holders.

LIC has played a significant role in spreading life insurance after the entry of private insurers for over a two decade now, LIC continues to be the frontrunner in the industry in terms of market share, 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. The Life Insurance Corporation of India has been a nation builder since its formation in 1956.

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Why Choose Us?

LIC, in the financial year 2019-20, it has performed the best in the last six years. It sold 2.19 crore insurance policies and his first year premium income on these increased to Rs 51,227 crore. LIC has also claimed to be the highest policy during the last six years.


Number 1in Life Insuranc Business.


We Havestrong & creative team members.


24/7 DedicatedSupport system.


We BuildNational trust from Decades.



In LIC We build Trust

We knows India Better In Life Insurance from Six Decades!

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 61 years has been a process called TRUST.

A true saga Of Trust.

Founded by visionary nation makers, with the goal of making life insurance available to all countrymen, in every corner of India, the only example of its kind across the world.Which made possible, the product range thoughtfully designed, which provides "basic security", "income growth" and "better living standards".

"LIC" schemes help "people to fulfill their responsibilities", "manage their retirement", "help the needy and improve the lives of the entire community".A mission that is being accomplished, through the tireless efforts of enthusiastic colleagues, who have been sending the message of the importance of a secure future to everyone, every corner of the country, who have made them competent and efficient, at every step. On the strength of intensive training, "LIC" has its own training centers and other reputed institutions.

Over time, "LIC" has expanded its coverage from a traditional life insurance institution to create insurance services for every category, such as, "group insurance for large companies". Companies funded by the establishment of "LIC of India" such as “UTI AMC Ltd”, “NCDEX”, “NSE”, “SIDBI”, “SHCIL”, “Clearing Corporation of India”, “IDBI Trusteeship Services Ltd.”, “National Insurance Academy” etc. As well as the creation of many huge institutions to strengthen the economy of the country, not only this, "LIC" has been constantly trying to take insurance cover to the needy class.

"LIC" has transformed itself into a whole new mold, forming many important business units, to meet the challenges of the ever-changing world and to gather its internal strengths to transform itself into a new source of income. , All this has become possible due to the use of latest technology, so that "LIC" is able to provide any information anywhere today as well as it is easy for every customer to contact and deal with them, very smooth and easy, results better and better service.

Today the assets managed by "LIC" have crossed 31 lakh crores. In the last year 2018 - 2019, Two crore 59 lakh claims were settled, amounting to more than 1,63,104 crore, today "LIC" is providing services to more than 30 crores policies. Apart from all this, the services of "LIC" are truly versatile, multi-utility, whose multi-dimensional products and services include "LIC Housing Finance", "LIC Care Homes", "Financial Services", "Credit Cards”, "IDBI bank".

The expansion of LIC's work is leaving a mark in many other countries of the world, in true sense, globally, a huge financial organization."LIC" has always maximized the savings of the public, which is a constant proof of total premium income. The corporation invests its funds, keeping in mind the maximum benefit of its investors and community. "LIC" is also credited for making the most significant contribution to nation building activities. Truly "public wealth, for public welfare".

Not only this, "LIC" has started a completely dedicated unit for the discharge of its social responsibility "Golden Jubilee Foundation". The "Golden Jubilee Foundation" is making significant contributions in the field of "education", "health", "women's welfare", "senior citizen welfare", "orphanage" and infrastructure facilities in rural India. "LIC of India" is committed to continuously support and support the changing needs of a vibrant dynamic nation.
A more secure lifestyle giving everyone a bright future.

Ensure and enhance the quality of life of people through financial security by providing products and services of aspired attributes with competitive returns, and by rendering resources for economic development.
A trans-nationally competitive financial conglomerate of significance to societies and Pride of India.