Life Insurance Corporation of India
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Life Insurance Corporation of India

Company nameLife Insurance Corporation of India
Company typeGovernment-owned corporation
IndustryInsurance
Founded1 September 1956
HeadquartersMumbai, India
Key peopleT. S. Vijayan (Chairman)
D. K. Mehrotra, Thomas Mathew and A. Dasgupta (MD)
ProductsLife insurance
Pensions
Mutual funds
Total assets9.31 Trillion
Owner(s)Government of India
Employees112,184 (2008)
SubsidiaryLIC Housing Finance Limited
LIC(Nepal)Ltd
LIC(Lanka)Ltd
LIC(International)BSC(C)

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The Life Insurance Corporation of India (LIC) ( ) is the largest state-owned life insurance company in India, and also the country's largest investor. It is fully owned by the Government of India. It also funds close to 24.6% of the Indian Government's expenses. It has assets estimated of 9.31 Trillion. It was founded in 1956 with the merger of more than 200 insurance companies and provident societies.

Headquartered in Mumbai, financial and commercial capital of India, the Life Insurance Corporation of India currently has 8 zonal Offices and 101 divisional offices located in different parts of India, at least 2048 branches located in different cities and towns of India along with satellite Offices attached to about some 50 Branches, and has a network of around 1.2 million agents for soliciting life insurance business from the public.

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Life insurance industry posts 60% growth in new business in H1 - Hindu Business Line Tweet this news
Hindu Business Line---Life Insurance Corporation of India- increased its market share to 73 per cent from 66 per cent in the year-ago period. Among the private players, SBI Life ... - Date : Tue, 19 Oct 2010 18:44:14 GMT+00:00
LIC cuts lifeline of 38 lakh rural poor - Times of India Tweet this news
Times of India--Official sources said -LIC- has stopped the renewal of -insurance- cover abruptly to 38 lakh members for want of enhanced premium of Rs 320 per member per annum ... - Date : Thu, 21 Oct 2010 19:20:36 GMT+00:00
Life insurance had a great fall in September - Sify Tweet this news
Sify--The new business fall is steep for -Life Insurance Corporation of India- (LIC) as it earned Rs.6606.64 crore last month, compared to Rs.14653.83 crore earned ... - Date : Thu, 21 Oct 2010 16:18:26 GMT+00:00
LIC crosses Rs 1000 crore mark under new ULIP Plans - Economic Times Tweet this news
Economic Times--"-Life Insurance Corporation of India- has crossed the Rs 1000 crore mark under the new ULIP plans, Pension Plus and Endowment Plus. The total premium income ... - Date : Wed, 20 Oct 2010 15:02:16 GMT+00:00
LIC official arrested for accepting bribe in Orissa - Daily News & Analysis Tweet this news
Daily News & Analysis--Place: Rourkela | Agency: PTI An assistant branch manager in Life Insurance Corporation (-LIC) of India- here was arrested by CBI for allegedly accepting a ... - Date : Sun, 31 Oct 2010 08:36:16 GMT+00:00
LIC Housing Finance profit up 37 percent in Q2 - Economic Times Tweet this news
Economic Times--Mumbai: LIC Housing Finance, an arm of -Life Insurance Corporation of India-, Thursday reported a 36.76 percent increase its second quarter profit. ... - Date : Thu, 14 Oct 2010 11:02:32 GMT+00:00
LIC gets RBI nod to issue pre-paid cards to clients - Economic Times Tweet this news
Economic Times--MUMBAI: In a move that will create a new business opportunity for India's largest insurer, the -Life Insurance Corporation of India's- card division has ... - Date : Fri, 05 Nov 2010 21:34:20 GMT+00:00
LIC arm, United India tie up for bancassurance - Business Standard Tweet this news
Business Standard---LIC- HFL Financial Services, a subsidiary of housing mortgage lender -LIC- Housing Finance, on Monday tied up with public sector insurer United -India Insurance- ... - Date : Mon, 11 Oct 2010 19:14:53 GMT+00:00
Stocks to watch: L&T, GMR Infra, Godrej, SAIL, HPCL - Economic Times Tweet this news
Economic Times--The Bangalore-based bank, which signed up with the -Life Insurance Corporation- to sell policies, was hit by a recent notification from the -insurance- ... - Date : Wed, 04 Aug 2010 07:06:22 GMT+00:00
LIC demands higher offer price for ABB - Economic Times Tweet this news
Economic Times--If ABB manages to convince -LIC- to surrender all its shares in the open offer, the Swiss parent will hold around 65% in ABB -India-. ... - Date : Thu, 15 Jul 2010 21:20:24 GMT+00:00

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