Life Insurance Corporation of India
Life Insurance Corporation of India (LIC) is a state-owned insurance and investment company headquartered in Mumbai, India. It is one of the largest insurance companies globally, offering a wide range of insurance products and services to individuals and corporations across India. LIC's offerings encompass life insurance policies, pension plans, annuity plans, health insurance schemes, and investment products. The company plays a significant role in the Indian economy, contributing to national savings and providing financial security to millions of policyholders. Its extensive network of branch offices and agents ensures wide accessibility across the country. LIC's operations are governed by the Life Insurance Corporation Act, 1956, and it operates under the regulatory oversight of the Insurance Regulatory and Development Authority of India (IRDAI). The corporation's long history and established presence make it a prominent and influential player in the Indian financial landscape.
About Us
- Established in 1956 by nationalizing 245 private insurance companies, LIC's primary objective was providing affordable life insurance to Indians, promoting financial security and social welfare. - LIC has grown into a multifaceted financial institution offering diverse products and services. - Its extensive network, commitment to customer service, and financial stability solidify its leading position. - LIC's substantial investment portfolio strengthens its finances and supports Indian economic growth. - The company is also committed to responsible investing and sustainable practices.
Vision
To be a global leader in the life insurance sector, recognized for its financial strength, customer-centric approach, innovative solutions, and commitment to sustainable and responsible growth. To achieve continued excellence in providing financial security and building a brighter future for millions of Indians.
Mission
To provide comprehensive life insurance protection and financial solutions to the people of India, fostering economic growth and social welfare through responsible and ethical business practices. To secure the future of individuals and families by offering a wide range of affordable and accessible products, ensuring customer satisfaction and trust.
Culture
- LIC's culture is rooted in public service and a long-standing legacy, emphasizing ethical conduct, professionalism, and customer focus. - A supportive and inclusive work environment is fostered through teamwork and collaboration. - Employee development is promoted via training and learning opportunities, encouraging continuous improvement. - The company demonstrates social responsibility through initiatives promoting financial literacy and community development.
Specialties & Industries
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