Life Insurance Corporation of India

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Brand information:

Website	LIC
Country	India
Industry	Banking and Finance

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The LIC logo features blue , yellow and white colors:

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Life Insurance Corporation of India is an Indian central public sector undertaking headquartered in Mumbai, Maharashtra, India. It is under the ownership of the Ministry of Finance, Government of India. The Life Insurance Corporation of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act, nationalizing the insurance industry in India. Over 245 insurance companies and provident societies were merged together. LIC reported 290 million policyholders as of 2019, a total life fund of ₹28.3 trillion, and a total value of sold policies in the year 2018–19 of ₹21.4 million. The company also reported having settled 26 million claims in 2018–19. It ranked 98th on the 2022 Fortune Global 500 list with a revenue of ₹775,283 crore and a profit of ₹4,415 crore.

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