We have an agency of Life Insurance Corporation of India. If you want to take LIC Policy, Then We can create new policy for you and your family. We can help you for all kinds of work regarding LIC India.
Agency Code : 08179/538
LIC, or Life Insurance Corporation of India, is India’s largest public sector life insurance company and a major institutional investor, established in 1956 through an Act of Parliament that nationalized the private insurance industry. Headquartered in Mumbai, it operates under the ownership of the Government of India and the Ministry of Finance. Its mission is to enhance the quality of life by providing financial security, and its vision is to be a globally recognized and trusted life insurance provider.
Key aspects of LIC
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- Formation: LIC was created by merging 245 private life insurance companies, 16 foreign companies, and 75 provident societies. It was established to spread life insurance widely, especially in rural areas, and provide financial cover at a reasonable cost.
- Slogan: The motto is “Yogakshemam Vahamyaham” (Your welfare is our responsibility)
- Products and Services: LIC offers a variety of products, including life insurance plans for family protection and wealth creation, pension plans, and unit-linked plans.
- Role in the economy: As a major institutional investor, LIC plays a crucial role in the financial market by investing in government securities and other global financial markets after gathering funds from policyholders.
- Market position: It is the largest insurance provider in India and holds a significant market share in new business premium.
- Administrative structure: LIC operates through 8 zonal offices across the country, with its headquarters in Mumbai.
“जिन्दगी के साथ भी और जिन्दगी के बाद भी” – LIC India