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Life Insurance Corporation (LIC) of India is the only public sector life insurance company headquartered in Mumbai. It is the largest insurance company in India with the backing of Govt. of India. The state-owned life insurance firm offers a variety of insurance products to its customers such as insurance plans, pension plans, unit-linked plans, special plans and group schemes. With the passage of the Life Insurance of India Act of the Parliament of India, LIC was founded in 1956. Life Insurance Corporation of India holds 250 million lives, which are insured with LIC. The latest Claim Settlement Ratio (CSR) of LIC for FY 2018-19 is 97.79%.
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LIC’s New Children’s Money Back Plan
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Mr. S. K. Roy
Chairman 
Mr. Sushobhan Sarker
Managing
Director 
Mr. V. K. Sharma
Managing Director 
Thursday, Sep 14, 2017 10:00 AM
Jeevan Akshay, the immediate annuity plan from Life Insurance Corporation of India (LIC) that provides guaranteed return of 6.75-7% has been asked by the Insurance Regulatory and Development Authority of India (IRDAI)
Thursday, Sep 07, 2017 10:00 AM
LIC has formally launched a new single premium plan, Jeevan Utkarsh, which offers a combination of protection and savings wherein the risk cover is ten times of tabular single premium from date of commencement of risk.
Tuesday, Aug 22, 2017 10:00 AM
Life Insurance Corporation (LIC) of India will seek guidance from the finance ministry's department of financial services on the position it should take on InfosysBSE 0.02 %.
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