What Is Lic Company Of India

what is lic company of india

LIC stands for Life Insurance Corporation of India, which is a state-owned insurance and investment company headquartered in Mumbai, India. It was founded in 1956 and is one of the largest insurance companies in India, offering a range of life insurance, pension plans, and investment products to individuals and businesses.

LIC is governed by the Insurance Regulatory and Development Authority of India (IRDAI) and operates through a network of over 2,000 branches, agents, and other intermediaries across India. The company is known for its long-standing reputation and reliability, and is widely trusted by customers to provide financial protection and investment solutions.